Mundimoto, a Barcelona, Spain-based supplier of a bike buying and selling and renting platform, raised $21.1M in funding.
Particularly, the financing spherical included €8.1M in fairness, complemented by €13M in financial institution financing from Santander Shopper Finance, Banco Sabadell, and La Caixa.
The fairness spherical was led by Orilla Asset Administration, and Endeavor with participation from Autotech Ventures, P101, and Mutua Madrileña. Different notable additions to the corporate’s cap desk embrace Okay Ventures, the enterprise capital division of OK Group led by Othman Ktiri, and Pablo Fernández, founder and CEO of Clidrive and co-founder of Clicars, a automobile buying and selling firm acquired by Stellantis Group in 2022.
The capital raised will even be used to increase Mundimoto’s operations in Italy. The debt will primarily be used to finance its elevated inventory devoted to renting.
Led by CEO and Founder Pepe Talavera, Mundimoto rents a variety of automobiles by way of a clear, efficient and accessible to all acquisition and cross-support course of.
The corporate has already bought greater than 50,000 bikes.
FinSMEs
24/03/2025
