Coca-Cola European Partners invests in on-demand delivery and self-driving technologies start-ups
Kol, is an innovative on-demand beverage delivery service in Paris, distributing a wide range of drinks direct to customers’ doors in just 30 minutes. CCEP Ventures will take a 25% investment stake in the business, enabling Kol to expand its operations across major cities in France. Kol will also benefit from CCEP’s industry knowledge and experience through access to its European-wide network, helping the company to scale more efficiently and effectively.
TeleRetail, a self-driving technology company, has developed - with the support of the European Space Agency - an autonomous robot, called ‘Aito’, which uses cutting-edge satellite imagery to deliver products quickly and safely at industrial sites and in urban areas. CCEP Ventures will take a 15% investment stake along with a seat on TeleRetail’s board, to help support the company with its future development ambitions.
Kol and TeleRetail are both using intelligent systems for drinks delivery, adopting digital-first approaches to tackle a set of common logistical challenges faced by CCEP. These partnerships are the first examples of how CCEP Ventures, which launched in February 2019, will bring new ideas and technologies into CCEP, while leading industry-shaping projects that will truly drive change across the FMCG sector.
Nik Jhangiani, Chief Financial Officer of Coca-Cola European Partners, said: “CCEP Ventures finds, funds, and fosters new ideas that help CCEP adapt to new trends, while supporting some of the best start-ups in the market through our extensive experience and network. As the pace of change in consumer behaviour and technology accelerates, we are constantly looking at ways to evolve our business and deliver a great service to our customers.
“We look forward to sharing our experiences with Kol and TeleRetail and learning from each business’s innovation. Through these partnerships we can ensure we are continually adapting our own established model for a digital-first world, and have an innovative new approach to getting our drinks into the hands of our customers faster.”
Pierre Nicolet, co-founder of Kol, said: "We are delighted to have CCEP Ventures as one of our preferred partners. This partnership will enable us to scale more quickly, benefitting from CCEP’s industry knowledge and experience through access to its European-wide network. It will also help us meet our international development ambitions, utilising CCEP’s commercial expertise.”
Baptiste Guez, co-founder, added: “The industry is transforming, and this collaboration supports Kol’s strategic objective; to further improve customer experience and expand our service to reach more people.”
Torsten Scholl, co-founder of TeleRetail said: “Automating CCEP’s logistics tasks offers very interesting challenges. We are therefore excited to accelerate the development of a world-leading outdoor logistics automation company together with CCEP Ventures and to share our innovations, know-how and technologies.”
Xenia Scholl, co-founder, added: “It has been a great pleasure to work with CCEP as a partner during the recently completed pilot projects in industrial and urban environments. Today we are excited to welcome CCEP as an investor into our company. Aitonomi will use the funds to continue advancing its technologies and to scale operations in order to better serve its existing and future customers, thereby addressing the rapidly growing demand for our logistics automation technology.“
CCEP Ventures is looking for interesting start-ups and entrepreneurs
Alongside today’s news, CCEP Ventures has announced that it is actively scouting for more entrepreneurs and start-ups who are focussed on finding solutions to key industry challenges, whether through customer experience, new distribution models, future packaging design or intelligent data and pricing analytics systems.
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