Fund: Cube II
Sector: Transport & Mobility
Location: Denmark
Investment Date: May, 2017
Divestment Date: October, 2024
Status: Divested
Since inception in 2013, the company has grown through complementary acquisitions and significant contract wins to become the line bus transport market leader in the country. The vast majority of Umove’s revenues are generated from regulated, long-term, availability-based contracts with local public transport authorities across Denmark, providing strong visibility with respect to future cash flows.
Umove was the first public transport company in Denmark to run a fleet of 100% electric vehicles in city operations.
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