Fayat launches Fayat Acceleration Startups and invests in the company TransWay!
To support TransWay, the publisher of intelligent solutions for a cleaner city, Fayat Acceleration Startups and the Banque des Territoires are investing €1.9m.
An investment entity devoted to innovative startups
What is Fayat Acceleration Startups?
The aim of Fayat Acceleration Startups is to support the development of startups by meeting their financial needs (via minority equity stakes) and by providing the professional expertise of its divisions to boost the growth of these start-ups.
In short, it is an investment entity dedicated to the equity and quasi-equity needs of innovative start-ups linked to the main activities of the group.
Which type of start-up?
Target companies must be highly complementary with the product, service and market ranges addressed by the FAYAT group. The goal of these equity investments is to form a long-lasting bond, from a win-win perspective, between the startups and the divisions of our group.
TransWay, the solutions publisher for the creation of intelligent cities
The TransWay startup provides an innovative solution to meet the needs of local authorities, transport operators and businesses. TransWay publishes the first ‘gamification’ service to incite and encourage commuters to change their habits and shift to optimised and more environmentally-friendly mobility (public transport, cycling, walking, car-pooling, urban board sports and car-sharing, etc.). It is also a solution to develop teleworking and encourage off-peak commuting.
‘A long-term partnership with our subsidiary FARECO’
The fundraising will enable TransWay to offer its customers a modular system. This will enable businesses to meet their growing needs by optimising mobilities.
Jean-Claude Fayat, President of the Fayat group, commented: ‘Our investment in TransWay will enable the creation of a long-term partnership with our subsidiary FARECO, the specialist in urban and suburban roadway equipment and solutions. The aim of our investment fund is to meet the financial needs of innovative entrepreneurs and to create a win-win partnership based on the complementarity of our activities and divisions.’
