hlpy raises €20M Series C+ to scale digital roadside assistance across Europe

hlpy Raises €20M in Series C+ Funding

hlpy, the Italian scale-up reinventing vehicle and roadside assistance, has raised €20 million in a Series C+ round. The funding was announced on September 23, 2026, and includes participation from BNP Paribas BNL Equity Investments.

What hlpy Does

Founded in Milan in 2020, hlpy operates a full-digital, AI-driven platform for vehicle and roadside assistance. The platform connects drivers, insurers and assistance networks across Europe, replacing traditional, phone-based assistance workflows with a digital experience.

Beyond roadside assistance, hlpy's platform spans the broader automotive services value chain, covering:

• Assistance
• Repair
• Maintenance
• Vehicle logistics

This breadth positions the company as an end-to-end infrastructure layer for insurers and mobility providers rather than a single-point service.

Growth Through Acquisitions

hlpy has pursued an acquisitive growth strategy alongside organic expansion. The company acquired Germany's MySchleppApp in 2024 and vehicle-logistics company Carvoila in 2026. These deals extend both its geographic reach and its service capabilities, adding to the platform's coverage of the automotive services value chain.

Backing and Ambition

The company is backed by investors including BNP Paribas BNL Equity Investments, which participated in this latest round. hlpy has set a target of more than €100 million in recurring revenues by 2027 — an ambitious goal that reflects both the scale of the European assistance market and the company's consolidation strategy.

Why This Round Matters

The Series C+ brings additional capital at a stage when hlpy is integrating recent acquisitions and expanding across European markets. For insurers and assistance networks evaluating partners, the raise signals continued investment in the platform's digital and AI capabilities.

Key facts at a glance:

• Company: hlpy
• Headquarters: Milan, Italy
• Founded: 2020
• Round: Series C+
• Amount: €20 million
• Announced: September 23, 2026
• Investors: BNP Paribas BNL Equity Investments
• Target: More than €100 million in recurring revenues by 2027

Outlook

With a digital-first platform, a growing acquisition track record and fresh capital, hlpy is positioning itself as a consolidator in European vehicle assistance and automotive services. The coming period will likely focus on integrating MySchleppApp and Carvoila, deepening insurer relationships and pushing toward its recurring-revenue target.