U
ULU
Connecting cars to the Internet
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.
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.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SEED✓Equity / VC | May 2018 | $1.3M | $5.3M | Velio | — |
| SEED✓Equity / VC | Oct 2016 | $1M | $4M | BOM - Brabant Regional Development Agency | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
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.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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