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Lightfoot secures new investment
Date: Tuesday, October 26, 2021 | Author: Sean Keywood
Driver coaching technology firm Lightfoot has announced a partnership with tech investor Volpi Capital.
With the new investment, the company is said to be aiming for expansion, geographically, commercially, and functionally.
Lightfoot, which uses engine and environmental data to give live performance feedback to drivers, has more than 200 corporate and enterprise customers in the UK.
Founder Mark Roberts said: “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 CEO Ru Lyon Taylor said: “Lightfoot has a fantastic partner in Volpi Capital to help realise our ambition for these coming years. 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.”
Volpi Capital’s Marco Sodi said: “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 decision-makers, where Lightfoot can be a big part of the solution.”
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