Milan-based vehicle assistance scale-up hlpy has completed a new €20 million funding round and the acquisition of the entire share capital of Carvoilà, a company specializing in vehicle transportation and logistics services. The transaction, announced on 23 September 2026, introduces BNP Paribas BNL Equity Investments into hlpy's shareholding structure as a minority investor. The announcement marks a further step in the company's pan-European expansion across the automotive value chain.
Transaction Overview
Under the transaction, hlpy has secured €20 million in new capital and taken full ownership of Carvoilà, a specialist in vehicle transportation and logistics. The move forms part of the company's external growth strategy and aims to broaden its range of services across the automotive value chain. It also strengthens hlpy's position as a pan-European orchestrator of vehicle services.
Investor and Capital Position
BNP Paribas BNL Equity Investments, the BNP Paribas Group company focused on minority investments in Italian small and medium-sized enterprises, has joined hlpy's shareholding structure. The new funding brings hlpy's total capital raised since its founding in 2020 to €45 million. According to the company, the resources will support faster organic growth and future acquisitions.
Carvoilà Integration
Carvoilà founders Francesca Vidali and Michela Conti will become part of the hlpy Group following the acquisition. Their mandate includes expanding the combined business model and extracting operational synergies between vehicle assistance, logistics, and repair services. The integration is intended to help hlpy deliver a more complete service experience for mobility and vehicle needs.
Leadership Commentary
hlpy CEO Valerio Chiaronzi noted that the platform now supports vehicles across the entire pre-sales and post-sales services value chain, including assistance, repair, maintenance, and logistics. He said the funding round and BBEI's entry confirm confidence in the company's industrial model and will accelerate both organic and acquisition-led growth. Carvoilà founder Francesca Vidali added that joining hlpy represents an opportunity to further drive innovation in vehicle logistics.
Strategic Evolution
The company is shifting from a digital mobility assistance platform into an integrated vehicle services ecosystem. This evolution combines technology, data, operational networks, and specialized expertise to serve a wider portion of the automotive market. The acquisition of Carvoilà adds logistics capabilities that complete the platform's existing assistance and maintenance functions.
Growth Ambitions
With the Carvoilà transaction, hlpy is moving closer to its goal of surpassing €100 million in recurring revenues by 2027. The acquisition also marks the company's second completed deal within six years of operations. Management sees the expanded service offering as a foundation for further pan-European expansion and value creation across the automotive sector.
Market Context
The European vehicle assistance and mobility sector is seeing rising demand for digital, data-driven services that connect multiple providers through a single platform. hlpy's model aims to orchestrate these services for fleets, insurers, and individual customers. The addition of Carvoilà's logistics network helps hlpy address a critical operational function that is often fragmented.
hlpy's announcement highlights a clear path from digital assistance provider to full-service mobility and vehicle services platform. The combination of new funding, institutional investment, and a strategic acquisition supports both immediate integration and longer-term growth. These developments position the company to play a larger role in Europe's evolving automotive services landscape.