CORDIS
EU research results

CORDIS

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Unlocking mobility for everyone

Project information

Grant agreement ID: 954654

Status

Ongoing project

  • Start date

    1 June 2020

  • End date

    31 May 2022

Funded under:

H2020-EU.3.

H2020-EU.2.3.

H2020-EU.2.1.

  • Overall budget:

    € 3 077 170

  • EU contribution

    € 2 154 019

Coordinated by:

KAROS

France

Objective

Karos was founded in 2014 to leverage collaborative consumption and artificial intelligence in order to revolutionize suburban areas commuting services and offer a disruptive transportation service to commuters. Karos innovativeness finds its sources in the advantages from both carpooling and public transportation: collaborative consumption for public services and a mix of social, professional and public networks. The Karos solution extends the current public transportation network with unbeatable performances: a network extension & densification by a factor of 10 and a transport cost divided by 10.
Having raised over 7.5 M€, the Company’s mission is to develop disruptive AI technologies to transform empty car seats into sustainable and low-cost-to-operate public transportation networks in low density areas. Karos solution unlocks mobility thanks to 4 main pillars: Artificial intelligence, Intermodality, an innovative business model and an approach to change Users’ mobility habits.
Unlike traditional carpooling players, KAROS is based on a public-transportation-like business model applied to carpooling activities (a multi-stream revenue generation). The solution is distributed through two product lines: Karos Territories for Local transportation Authorities, and Karos Enterprise for companies willing to improve their employees wellbeing.
The EIC accelerator will be a unique opportunity to make a next step in the system with another 3 M€ of technical development and accelerate the time-to-market in Europe with a marketing and sales plan of 3.2 M€. The UNITE project will enable KAROS to recruit 500 000 new users and sign 10 new contracts with smart cities and with over 550 large corporations in order to achieve a revenue over 100 M€ by 2024.
KAROS UNITE is a 6.3 M€ project, with a funding split between a Grant of 2.1 M€ and 3.2 M€ in equity.

Coordinator

KAROS

Address

15 Allee Horace Vernet
78170 La Celle Saint-Cloud

France

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 2 154 019

Project information

Grant agreement ID: 954654

Status

Ongoing project

  • Start date

    1 June 2020

  • End date

    31 May 2022

Funded under:

H2020-EU.3.

H2020-EU.2.3.

H2020-EU.2.1.

  • Overall budget:

    € 3 077 170

  • EU contribution

    € 2 154 019

Coordinated by:

KAROS

France