Emotion Mobility Secures Strategic Growth Investment from PSG to Drive Innovation and Global Expansion
Emotion Mobility (“Emotion”), a global leader in SaaS mobility software, has announced a strategic growth investment from PSG Equity, a prominent growth equity firm specializing in partnering with software and technology-enabled services companies. This partnership marks a significant milestone for Emotion as it seeks to accelerate product development, expand its international footprint, and pursue strategic mergers and acquisitions (M&A). With this infusion of capital and expertise, Emotion is poised to solidify its position as a category leader in the rapidly evolving mobility software industry.
Revolutionizing Mobility Management with Cutting-Edge Software
Emotion Mobility has established itself as a trusted platform for digital mobility management, serving a diverse range of clients across more than 90 countries. Its core offerings include two flagship products: Rentway and Carpro. These AI-powered solutions cater to mobility providers of all sizes, from blue-chip Big-5 groups to independent operators, franchise networks, and original equipment manufacturers (OEMs). Headquartered in Lisbon, Emotion serves hundreds of enterprise customers, including industry giants such as Avis, Enterprise, Europcar, Hertz, Sixt, and Volkswagen, helping manage a global fleet of nearly 1,000,000 vehicles.
The company’s cloud-based platform is tailored specifically to the needs of the mobility sector, offering a modern alternative to legacy systems. Its flexible architecture and robust feature set enable mobility providers to streamline day-to-day operations, optimize fleet utilization, and drive meaningful improvements in operational performance and profitability. By addressing the unique challenges faced by rental, subscription, operational leasing, chauffeur, and courtesy services, Emotion is playing a pivotal role in transforming the mobility industry.
Accelerating Growth Through Strategic Investment
The partnership with PSG Equity will empower Emotion to further enhance its technology roadmap and scale its operations globally. Key areas of focus include expanding into critical international markets across Europe, the Americas, and Asia, as well as pursuing strategic M&A opportunities to strengthen its leadership position. Additionally, Emotion plans to deepen its investment in the platform, broadening product functionality and driving innovation to deliver long-term value to its customers.
“This partnership with PSG will help us unlock our next phase of growth,” said Kieron Chalder, Co-CEO of Emotion Mobility. “We are excited to accelerate innovation for our existing customers, expand into new geographies, and pursue strategic acquisitions that will further solidify our leadership within the mobility software space.”
Gonzalo Carmona, Co-CEO of Emotion Mobility, echoed this sentiment, emphasizing the alignment between Emotion’s mission and PSG’s expertise. “Our mission is to provide comprehensive and reliable fleet management software for mobility businesses. Given PSG’s track record in vertical SaaS and their experience in building global software leaders, it was clear they were the right partner for us as we enter this next phase of growth.”
PSG’s Commitment to Building Global Software Leaders
PSG Equity’s investment in Emotion underscores its commitment to supporting high-growth software companies with strong fundamentals and a clear vision for the future. Romain Railhac, Managing Director at PSG, expressed enthusiasm about the partnership, highlighting Emotion’s impressive track record and market position.
“Kieron Chalder and Gonzalo Carmona have built a high-quality mobility platform, trusted by blue-chip customers, with strong fundamentals and a leading position in a market undergoing rapid transformation,” said Railhac. “We are excited to back their ambition to further scale Emotion globally, continue expanding the product suite, and help strengthen the value delivered to customers as the platform grows.”
Driving Transformation in the Mobility Industry
The mobility industry is undergoing a period of rapid transformation, driven by technological advancements, shifting consumer preferences, and increasing demand for sustainable transportation solutions. As traditional models give way to more flexible and dynamic alternatives, mobility providers must adopt innovative tools to stay competitive. Emotion’s platform addresses these needs by offering a comprehensive suite of features that streamline operations, enhance efficiency, and improve customer experiences.
With PSG’s support, Emotion is well-positioned to capitalize on these trends and expand its reach. The company’s focus on continuous innovation ensures that its solutions remain at the forefront of the industry, meeting the evolving needs of its customers. By investing in AI-driven technologies and expanding its geographic presence, Emotion aims to set new standards for excellence in mobility software.
A Vision for the Future
Looking ahead, Emotion Mobility is committed to delivering transformative solutions that empower mobility providers to thrive in an increasingly complex and competitive landscape. The partnership with PSG represents a critical step in achieving this vision, providing the resources and expertise needed to accelerate growth and drive innovation.
As Emotion expands into new markets and enhances its product offerings, it remains dedicated to its core mission: providing reliable, scalable, and cutting-edge software solutions for the mobility industry. By leveraging PSG’s deep experience in vertical SaaS and global expansion, Emotion is poised to become a dominant force in the mobility software space, setting the stage for sustained success in the years to come.
About PSG Equity
PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities, and build strong teams. Having backed more than 150 companies and facilitated over 520 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Madrid, Paris, and Tel-Aviv. To learn more about PSG, visit www.psgequity.com.
About Emotion Mobility
Emotion Mobility is a global leader in fleet and mobility software, offering an integrated platform for rental, subscription, operational leasing, chauffeur and courtesy vehicle operations. Operating in over 90 countries, Emotion’s AI-enabled, modular and cloud-based solutions help mobility operators digitize operations, increase utilization and drive profitability. For more information, visit www.emotionmobility.com.
