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ULU

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Connecting cars to the Internet

Schiphol-Rijk, NetherlandsFounded 2014Fintech
Valuation $0–100M Latest valuation · 2018
Revenue $10–50M Latest reported FY
Headcount 100–500 Current team size
Total funding $0–10M Disclosed equity funding
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About ULU

ULU positions itself as a technology partner for smart mobility and connectivity, providing end-to-end vehicle-based IoT solutions. Founded in 2014 by Christian Kerssens, Matej Petrovcic, and Slavko Kastelic, the company is headquartered in Schiphol-Rijk, Netherlands, with a team of over 25 people across Amsterdam, Shenzhen, and London. In 2016, ULU secured approximately €1 million in funding from entrepreneur Christian Kerssens, who then became CEO, and the Brabant Development Agency (BOM), while also acquiring hardware manufacturer Velio Technologies. A significant milestone occurred in 2018 with the acquisition of Cartracker, a fleet management software provider in the Benelux market. More recently, in 2023, ULU acquired iMoto BV to expand its capabilities into e-mobility and last-mile delivery.

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The company's core offering is the 'everyThing platform', a modular and scalable solution designed to support a wide range of vehicles, including electric bikes, cargo bikes, and light electric vehicles. This platform integrates hardware, software, and cloud services to provide real-time data insights for various industries, primarily automotive, insurance, electric mobility, and fleet management. ULU's business model is centered on providing this technology as a service, which can be white-labeled by clients, allowing them to offer branded connected services. Revenue is generated through this 'go-to-market as a service' model and potentially through subscription fees for its fleet management software, which is priced per user per month with options for annual subscriptions and custom enterprise plans.

ULU’s product suite is comprehensive, featuring plug-and-play OBD data loggers, advanced black-box hardware, dashcams, and mobile applications. These tools enable a variety of functionalities such as real-time asset tracking, route optimization, carsharing and reservation management, and monitoring of driving behavior. For the insurance sector, ULU provides solutions for usage-based insurance products, utilizing driver scoring algorithms to adjust pricing in real-time. A distinctive feature is 'Aimy', a conversational AI assistant powered by ChatGPT that allows fleet managers to gain insights through simple conversation. The platform is designed for broad compatibility, with access to over 1,000 vehicle and e-bike libraries, and it allows for deep integration with clients' existing CRM and dealer management systems. ULU emphasizes security and compliance, holding ISO 27001 certification.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2014
Headquarters
Schiphol-Rijk, Netherlands
Employees
137
Open positions
None listed
Dealroom signal
74.8/100
Industry
Fintech
Sub-industry
Insurance, Search, Buy & Rent, Navigation & Mapping, Autonomous & Sensor Tech
Sector
Fintech, Fleet Management, User Experience, Telematics
Technology
Hardware, IoT InternetOfThings
Business model
Manufacturing, Marketplace & ecommerce
Client focus
b2b, b2c
Investment activity
1 company, latest Feb 2023
Capital deployed
Preferred round
ACQUISITION

Latest news

Press, funding announcements and product moves mentioning ULU.

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Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SEEDEquity / VC May 2018 $1.3M $5.3M Velio
SEEDEquity / VC Oct 2016 $1M $4M BOM - Brabant Regional Development Agency
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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020
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Growth signals

ULU website traffic

Latest recorded traffic for ULU is 2.1K monthly website visits, down 70.8% over the last three months. ULU's team grew 3.8% over the past year.

Latest monthly visits2.1K 3-month web change-70.8% 1-year team growth+3.8%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • Startupbootcamp
  • Fang Fund Partners
  • Velio

Series A2 investors entered at this stage

  • Leapfunder
  • BOM - Brabant Regional Development Agency

Other known investors2 additional known investors

  • HighTechXL
  • Rainmaking
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
6 countries with
team presence
🇳🇱 Netherlands64.7%
🇸🇮 Slovenia11.8%
🇹🇷 Turkey5.9%
🇨🇳 China5.9%
🇨🇦 Canada5.9%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about ULU on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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