The Telepass Group Valuation, Funding & Investors
The Telepass Group is valued at $2.5B as of October 2020.
Last The Telepass Group valuation
$2.5B
Secondary · Oct 2020
Key investors in The Telepass Group
About The Telepass Group
The Telepass Group is a Milan-headquartered leader in electronic toll collection operating in Italy, France, Spain, Portugal, Poland, and Belgium. Its devices and Telepass Pyng app enable seamless payments for highways, parking, urban restricted zones in Milan, and ferries across the Strait of Messina. Serving over 20 million users, the company processes billions in transactions annually through partnerships with motorway operators like Autostrade per l'Italia. Founded in 1990 as part of Atlantia Group, Telepass expands into multimodal mobility with integrations for EV charging and public transport.
Founded
2008
HQ
RomeWebsite
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Commission, Subscription
Valuation
$2.5B (Oct 2020)
The Telepass Group Valuation
The Telepass Group is currently valued at $2.5B, based on its secondary sale in October 2020. Read the announcement ↗
The $1.2B round was led by Partners Group.
The Telepass Group valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2020 | Secondary | $2.5B |
The Telepass Group Funding History
The Telepass Group has 1 recorded secondary share sale and no primary funding rounds.
The Telepass Group funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2020 | Secondary | Partners Group (lead) | $1.2B | $2.5B | The Telepass Group is a leading European provider of electronic toll collection (ETC) services, servicing approximately 7 million clients, processing around EUR 7 billion in annual transactions across 14 European countries, and covering over 105,000 kilometres of motorway network. It complements core ETC with digital mobility payments for fuel, parking, taxis, car and bike sharing, and personal mobility insurance services. The business features stable cash flows from high customer retention (average life of eight years) and a fixed subscription fee model. On 17 October 2020, Partners Group agreed to acquire a 49% equity stake in Telepass from Atlantia for 1,056 million euros, valuing the company at an enterprise value of over EUR 2 billion. Atlantia retained 51% and control post-transaction, with completion expected in the first half of 2021 subject to authorizations. Partners Group and Atlantia planned to collaborate with management on growth initiatives, including European expansion and building a pan-European platform for mobility services. Telepass operates in a resilient sector with low GDP correlation, positioned to benefit from electronic payment trends, fintech, insurtech, and data opportunities through inorganic growth. |
Who has invested in The Telepass Group?
1 investor has backed The Telepass Group across its funding rounds, including Partners Group.
Lead investors include Partners Group.
The Telepass Group Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialAcquisitions by The Telepass Group
The Telepass Group has acquired 2 companies to date.
Last acquisition by The Telepass Group was on August 24th 2021. The Telepass Group acquired Wise Emotions for undisclosed valuation.
Latest Acquisitions by The Telepass Group
| Description | - | urbi is a Chiasso, Switzerland-headquartered app aggregating car-sharing services across Europe, including Milan, Rome, Berlin, Hamburg, Stockholm, Madrid, and Copenhagen. Launched in 2014, the platform supports providers like car2go, DriveNow, Enjoy, and ShareNow, allowing users to compare prices, distances, track bookings, and manage expenses. |
| HQ Country | |  |
| HQ City | Milan | Chiasso |
| Deal Date | 24 Aug 2021 | 14 Aug 2017 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all The Telepass Group acquisitions and their M&A valuation multiples. Start Free Trial | ||
The Telepass Group Competitors
The Telepass Group competitors include listed companies like ThunderSoft and KPIT Technologies, and private ones like Mitsubishi Electric Mobility, SemiDrive, Tekion and Hong Jing Drive.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Tokyo | Private | $5.5B | - | $2B | 0.4x | |
 Beijing | Private | - | - | $1.9B | - | |
| China | Publicly listed | $1.2B | $153M | $3.7B | 2.4x | |
 San Francisco, CA | Private | - | - | $4B | - | |
 India | Publicly listed | $679M | $129M | $1.5B | 2.1x | |
| Hangzhou | Private | - | - | $4.3B | - |
The Telepass Group Public Comps
The Telepass Group is still privately-owned, but its public comps include Seino Holdings, ArcBest, Mullen Group, Werner Enterprises, KPIT Technologies, Fukuyama Transporting, Shanghai Foreign Services, WeRide, ThunderSoft and Vitec Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.2B | $454M | 0.6x | 0.6x | 6.4x | 6.6x | |||
| $4B | $261M | 0.8x | 0.7x | 11.9x | 8.5x | |||
| $1.5B | $229M | 1.7x | 1.5x | 11.2x | 9.3x | |||
| $3B | $299M | 0.9x | 0.7x | 8.8x | 6.9x | |||
| $679M | $129M | 2.2x | 2.1x | 11.4x | 11.2x | |||
| $2B | $273M | 1.0x | 0.9x | 7.2x | 9.2x | |||
| $3.6B | $150M | 0.1x | 0.1x | 1.3x | 1.4x | |||
| $103M | ($259M) | 6.6x | 4.6x | (2.6x) | (2.9x) | |||
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Common questions about The Telepass Group
| When was The Telepass Group founded? | The Telepass Group was founded in 2008. |
| Where is The Telepass Group headquartered? | The Telepass Group is headquartered in Rome, Italy. |
| Is The Telepass Group publicly listed? | No, The Telepass Group is a private, VC-backed company. |
| What is The Telepass Group's valuation? | The Telepass Group was last valued at $2.5B in its secondary sale in October 2020. |
| Who are The Telepass Group's investors? | The Telepass Group's investors include Partners Group. |
| Which companies are comparable to The Telepass Group? | Companies comparable to The Telepass Group include Mitsubishi Electric Mobility, SemiDrive, ThunderSoft, Tekion, KPIT Technologies and Hong Jing Drive. |
| How many companies has The Telepass Group acquired? | The Telepass Group has acquired 2 companies, including Wise Emotions and urbi. |
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