Vassilis Devletoglou, Founder and CEO, Wheelsys S.A. (L) and his technology team.
Photo: Wheelsys
Wheelsys S.A., a Greek technology company offering software-as-a-service (SaaS) solutions for the global car rental and car leasing sector, recently drew a minority investment from Halcyon Equity Partners, a private equity fund that invests in mature scale-up and growth small- and medium-sized enterprises *SMEs) and small mid-caps in Greece.
Wheelsys serves more than 1,000 customers in 100+ countries around the globe through its flagship product — an integrated system for car rental, operating leasing, and fleet management.
The growing demand for digital transformation in the car rental and leasing industries — driven by emerging mobility trends, the shift away from car ownership, fleet efficiency needs, and regulatory shifts — creates a beneficial market opportunity for SaaS solutions.
The company is poised for rapid value creation with a scalable SaaS model and expansion opportunities through upselling, cross-selling, and international growth. This strategic investment aims to accelerate Wheelsys’ growth and strengthen its position as a global leader while staying true to Halcyon’s strategy of Greek investments.
Halcyon Equity Partners will provide growth capital, industry expertise, and strategic partnerships to accelerate expansion and assist in the software provider’s market leadership.
“Halcyon Equity Partners’ industry knowledge, strategic resources, and commitment to sustainable growth align perfectly with our vision to expand globally, develop innovative solutions, and enhance our operational efficiency,” said Vassilis Devletoglou, founder and CEO of Wheelsys S.A., in a March 26 news release. “The partnership will unlock opportunities as we work together to revolutionize the car rental and leasing SaaS market.”