Italy's hlpy buys Carvoilà, raises €20M as BNP Paribas joins cap table
What's the deal? Italian mobility startup hlpy has acquired 100% of CarvoilàDealroom has a profile for this one. Try Dealroom →, a vehicle transport and logistics company, and raised €20 million in fresh funding. As part of the deal, BNP Paribas BNL Equity Investments (BBEI)Dealroom has a profile for this one. Try Dealroom → — the BNP Paribas unit specialising in minority stakes in Italian small and mid-sized firms — joins hlpy's shareholder base.
What each side does: hlpy runs a fully digital, AI-based platform for car assistance and mobility across Europe. Carvoilà handles vehicle transport and logistics, and its founders, Francesca Vidali and Michela Conti, will join the hlpy group.
What's the endgame? The move pushes hlpy from a digital assistance platform toward an integrated ecosystem of vehicle-related services, spanning assistance, repair, maintenance, and logistics. The company aims to become a pan-European organiser of vehicle services across the automotive value chain.
Why now? The acquisition and capital together target hlpy's goal of surpassing €100 million in recurring revenue by 2027. The deal takes total funds raised since its 2020 founding to €45 million and marks its second acquisition in six years.
"This new funding round and BBEI's entry into our shareholder base reflect the confidence placed in our industrial model," said Valerio Chiaronzi, chief executive officer of hlpy.
The signal: Europe's fragmented vehicle-services market is consolidating around platforms that stitch together technology, data, and operational networks. Backing from a BNP Paribas unit signals institutional appetite for startups building end-to-end automotive ecosystems.
Image credit: Generated with Gemini
