TOLV (ex Phoenix Mobility)

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Since 2019, TOLV has been the benchmark player in the electrification of professional and public fleets through retrofit solutions for commercial vehicles. A Mission company, TOLV is responding to a major challenge: reducing emissions from the transport sector, which is responsible for 30% of greenhouse gas emissions in France, i.e. over 120 million tonnes of CO2 emitted per year. With the introduction of Low Emission Zones in Europe (including 45 in France by 2025), it is estimated that 40% of the vehicle fleet will become obsolete. In this context, retrofitting - the conversion of existing thermal vehicles into 100% electric vehicles - is the most practical, economical and sustainable solution, thanks to the reuse of existing resources. Specializing in the design of standardized, modular electric powertrains, the Grenoble-based company supports companies and local authorities in the decarbonization of their fleets. The company was the first to obtain full approval for a retrofit kit for mass-market commercial vehicles (i.e. the Renault Trafic), and in 2022 announced a strategic partnership with Renault Group for the co-design and marketing of a kit adapted to the Renault Master. Implanted in the heart of Isère since its beginnings, the company now has 28 employees on two sites. After a 1st capital increase of €2 million in 2021, the company is now looking to raise €7 million, broken down into shares (€4 million) and bank debt, including €1 million via LITA.co, alongside investment funds such as Shift4Good and Amundi. This new financing round will enable TOLV to accelerate its commercial development, roll out its operating model and invest in production infrastructure and R&D projects.

Invest in the TOLV solution and contribute to the ecological transition of the transport sector in France and soon in Europe, thanks to the electrification of polluting vehicles.