Sustainable last-mile grocery delivery startup Revoolt eyes French, LatAm expansion
Spain · Jun 20, 2019· By Emanuela Ferraro
The Revoolt team at South Summit Malaga © CompassList
Seeking up to €1m new funding for its growth, the Madrid-based startup with its EV fleet and turnkey IoT solutions has also broken even
As the need to adopt more sustainable consumption habits becomes urgent, city dwellers will be pivotal to the transformation of the current economy into a circular one. With this in mind, the founders of Revoolt created Spain's first cloud-based last-mile electric vehicle fleet for grocery deliveries.
Integrating electric vehicle deliveries through IoT, Revoolt enables real-time interaction and tracking for the shoppers at home. Fleet and delivery management is also linked to its business clients' systems via the same connected devices. It also provides drivers with an app to stay abreast of incoming orders. The startup already counts Simply, which is part of French supermarket giant Auchan, as a key client.
About 70% of US consumers will do some of their grocery shopping online, with the spending on online grocery shopping expected to reach US$100bn by 2022–2024, according to a 2018 study by FMI-Nielsen. If the study's conclusions are born out and consumers also continue to seek more sustainable consumption habits, such as eating less meat and avoiding single-use plastics, finding ways to reduce the environmental impact of delivery services will be top of mind for grocery stores.
Revoolt's co-founders CEO Ángel Sánchez and CCO José Barbero, and Investor Relations Manager Andres Burdett, were at Malaga's South Summit Smart Mobility Encounter last month. They spoke to CompassList about why they founded the company and their ambitions for the future.
This interview has been translated from Spanish and edited for clarity.
Edited by Sophie Douez
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