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Private Equity
ecart.nl

Investments

10

Portfolio Exits

3

About Ecart

Ecart is a private equity firm. The firm invests in medium-sized Dutch companies.

Headquarters Location

Javastraat 78

The Hague, 2585,

Netherlands

070-3554788

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Latest Ecart News

GM BrightDrop Takes The eCart Grocery Shopping

Sep 23, 2022

2 mins ago When we talk about electrification and e-mobility, we’re usually talking about electric cars and electrified bicycles (e-bikes) — but there are many, many more areas of life where a little bit of motorized assistance could go a long way. Areas like— pfft, I dunno. Let’s say, “your local grocery store,” and then talk about how GM BrightDrop is partnering with the Kroger grocery chain to help electrify curbside pickup and warehouse operations. GM’s BrightDrop commercial EV branch announced that it’s expanding its product portfolio with the launch of a new, temperature-controlled “eCart” powered by Bafang-sourced e-bike hardware to help streamline order fulfillment and pickup for online grocery orders. That’s a huge deal for GM, with the online grocery expected to exceed $240 billion (!?) by 2025. “COVID has driven a dramatic increase in online grocery shopping, and fulfilling these orders profitably has become a major challenge for retailers of all sizes. With the Trace Grocery, we saw an opportunity to help companies like Kroger tackle these challenges head on,” said BrightDrop CEO, Travis Katz. “As online shopping continues to grow, BrightDrop is committed to developing innovative solutions to help our customers keep pace. The Trace Grocery is a perfect example of this.” I had a chance to sample the non-grocery version of the BrightDrop Trace at the ACT Expo in Long Beach earlier this year. Designed for shipping companies like FedEx to help reduce injuries and generally improve working conditions, the Trace works exactly as advertised. I had lots of fun with my little robot mailbox buddy, and the pilot programs the company launched in Toronto and New York had just begun to report massive efficiency gains — drivers delivered 25% more packages, with FedEx reporting that they were able to reduce curb time, improve traffic flow, and actually remove a truck from one route (!). In a similar pilot, BrightDrop and Kroger experienced a noticeable improvement in the customer and employee experiences. As a result, Kroger has decided to “pull the trigger” on a broader deal, with more stored coming online shortly and “full-scale” availability of the Trace Grocery (whatever that means) expected in 2024 with advanced customizable capabilities planned for future release.

Ecart Investments

10 Investments

Ecart has made 10 investments. Their latest investment was in Lytho (acquired by inMotionNow) as part of their Private Equity on September 9, 2018.

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Ecart Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/5/2018

Private Equity

Lytho (acquired by inMotionNow)

$2.33M

Yes

1

11/1/2003

Unattributed

Studiekring

Yes

1

4/1/2002

Growth Equity

Personal Car Lease

$1.59M

Yes

1

4/1/2001

Series A

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$99M

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10

3/15/2000

Growth Equity

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10

Date

9/5/2018

11/1/2003

4/1/2002

4/1/2001

3/15/2000

Round

Private Equity

Unattributed

Growth Equity

Series A

Growth Equity

Company

Lytho (acquired by inMotionNow)

Studiekring

Personal Car Lease

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Amount

$2.33M

$1.59M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Ecart Portfolio Exits

3 Portfolio Exits

Ecart has 3 portfolio exits. Their latest portfolio exit was Lytho (acquired by inMotionNow) on April 07, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/7/2021

Acquired

$99M

1

8/26/2011

Acq - Fin

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$99M

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10

5/27/2005

Asset Sale

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$99M

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0

Date

4/7/2021

8/26/2011

5/27/2005

Exit

Acquired

Acq - Fin

Asset Sale

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

10

0

Ecart Acquisitions

2 Acquisitions

Ecart acquired 2 companies. Their latest acquisition was Escrow4all on October 07, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/7/2021

$99M

Acq - Fin

1

1/16/2015

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$99M

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10

Date

10/7/2021

1/16/2015

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acq - Fin

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Sources

1

10

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