Revolutionizing Motor Assistance: hlpy Secures $18M in Series B Funding

We are thrilled to announce that hlpy has successfully raised €18,000,000 in its latest funding round, a significant milestone in our journey to redefine motor assistance services through innovative technology. Founded in May 2020, hlpy has rapidly established itself as a leader in the motor assistance industry, providing comprehensive services as a third-party administrator (TPA) for roadside assistance and repair network services. Our state-of-the-art digital platform, powered by advanced AI and Machine Learning algorithms, enables us to optimize the assignment of roadside assistance and streamline repair processes. The funds raised will be crucial in further enhancing our technology and expanding our reach across Europe, where we currently serve partners in Italy, France, and Spain within the insurance, leasing, OEM, and aftermarket sectors. Thanks to this investment, we are committed to delivering an unparalleled customer experience for drivers, while simultaneously reducing management costs for our business partners and providing them with real-time information and data. As we look to the future, hlpy aims to strengthen its position in the market, continuously innovating and advancing to meet the evolving needs of our partners and their customers. We are excited about the journey ahead and grateful to our investors for their support as we revolutionize the motor assistance landscape together.