World’s Largest Coke Bottler Invests In Pioneering On-Demand Delivery, Self-Driving Technologies

Posted On: 10/28/2019

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LONDON -- Coca-Cola European Partners (CCEP), the world’s largest Coca-Cola bottler, has invested in two innovative start-ups to explore how on-demand delivery and self-driving technologies can transform the customer experience.

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.

“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,” said Coca-Cola European Partners chief financial officer Nik Jhangiani. “As the pace of change in consumer behavior 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.”

“Automating CCEP’s logistics tasks offers very interesting challenges,” added Torsten Scholl, cofounder of TeleRetail partner, which recently completed pilot projects in industrial and urban environments. “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.”

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. If you are interested in being considered for potential investment, click here.

Coca-Cola European Partners serves a consumer population of over 300 million across Western Europe, including Andorra, Belgium, continental France, Germany, Great Britain, Iceland, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden.