Busup, a Barcelona, Spain-based platform for company and faculty shared mobility, raised €2.84 million in funding.
True International Ventures made the funding by way of TGV’s Alternative Fund (TGV5), reinforcing the agency’s long-term help following an preliminary €1.1m funding by way of TGV4.
The corporate intends to make use of the funds to develop operations and its enterprise attain globally.
Based in 2016 by by Rui Fernandes, Busup is a supplier of outsourced company mobility providers. The corporate allows firms to optimize their worker mobility, guaranteeing cost-efficient administration and providing a extra environmentally sustainable resolution. Because of its superior know-how and world community of greater than 170 native operators, Busup is able to providing company mobility providers in Europe, the USA, and Latin America. In 2024, the corporate recorded 57.5% year-over-year progress, and it’s now managing over 700,000 month-to-month rides.
Busup expects to succeed in €10m in annual recurring revenues (ARR) within the incoming months and a price range of €48m in gross merchandise worth (GMV) for 2025.
FinSMEs
09/05/2025
