Hlpy Secures €18M for Expansion

hlpy, a Milan-based provider of digital mobility and vehicle assistance services, has raised €18M in a Series B round.

The funding was led by Nextalia SGR through the Nextalia Venture Fund, with participation from Sinergia Venture Fund, The Techshop SGR, CDP Venture Capital, ServiceTech, and Simest.

The funds will be used to consolidate hlpy's market position and facilitate operational expansion.

Founded in May 2020 and led by CEO Valerio Chiaronzi, hlpy aims to enhance reliability and security in vehicle assistance for insurance companies, car manufacturers, and end users.

In addition, hlpy has acquired Germany-based HESASolutions GmbH – MySchleppApp, strengthening its position as a leading European digital roadside assistance provider.

With this acquisition, hlpy now offers its services in Italy, France, Spain, Germany, and Austria, leveraging AI and machine learning for vehicle assistance, repair, and maintenance.