Lightfoot announces its partnership with specialist European technology investor Volpi Capital (“Volpi”). With the investment, the company and its new shareholders aim to expand the unique proposition of Lightfoot geographically, commercially, and functionally.
Founded in 2013, Exeter-based Lightfoot uses a distinctive platform which ties rich engine data and environmental factors into driver performance using a live coaching feedback loop. The proactive set-up and high user engagement make it a highly effective tool capable of considerably reducing accidents, emissions and fuel consumption for corporate fleets. These proven road safety, environmental and societal benefits have made Lightfoot the partner of choice for a wide network of insurers and brokers.
In recent years, Lightfoot has built out a substantial UK base of over 200 corporate and enterprise customers and continues to cater to light commercial fleets across a wide variety of end markets.
Mark Roberts, Founder of Lightfoot commented, “Lightfoot’s business has enjoyed a tremendous journey of growth and success over the past years whilst being backed by BGF. As we searched for a new investment partner, it was critical that we identified someone who immediately recognised Lightfoot’s differentiation and the opportunity that we have. Volpi Capital made a great impression from the start with a strongly engaged team and a successful track record of investing in disruptive technology businesses.”
“Lightfoot has a fantastic partner in Volpi Capital to help realise our ambition for these coming years,” says Lightfoot’s CEO, Ru Lyon Taylor. “We have a stand-out product, momentum in the market, a great team and Volpi’s knowledge and support as we continue growing in the UK as well as exploring international opportunities. Equally important is continuing to deliver excellence to our existing customers through continued innovation of our product, improving systems and processes and caring about them individually, all of which Volpi feel as strongly about as we do.”
Marco Sodi, Volpi Capital: “As part of our thematic research and investment track record in telematics and fleet management, we immediately identified Lightfoot as a unique and differentiated solution well-suited to provide economic, environmental and safety benefits to both internal combustion and electric-powered LCV fleets. Road safety and emissions reduction are top of mind for many policy and corporate decisionmakers, where Lightfoot can be a big part of the solution.”
“We believe we can help the team capitalise on these strong market tailwinds, and further accelerate the fantastic momentum Lightfoot has been building up. We see a significant opportunity to enrich the proposition as well as expand the business internationally and are very excited to be partnering with Mark, Ru and the ambitious team on this exciting journey”, adds Mathieu Himpe, Volpi Capital.