MundiMoto Raises $22M to Expand Motorcycle Rental Business
Deal News | Jan 28, 2025 | Aim Group
MundiMoto, a Spain-based company specializing in the reconditioning and resale of motorcycles, has successfully raised a total of $22 million in its latest funding round, comprising $8.1 million in equity and $13.0 million in debt. The funding round was spearheaded by Orilla Asset Management, with existing investors Autotech Ventures, P101, and Mutua Madrileña also contributing. Debt financing was secured from Santander Consumer Finance, Banco Sabadell, and CaixaBank. MundiMoto currently operates in Spain and Italy, purchasing, reconditioning, and reselling motorcycles while also offering rentals of new motorcycles from well-known brands like Yamaha. CEO and co-founder Pepe Talavera has identified long-term motorcycle rentals as a key growth avenue, with rental services already accounting for 20% of MundiMoto's revenue in 2024, twice the previous year's figure. Talavera aspires to position MundiMoto as the leading motorcycle rental operator in Southern Europe. The company boasts over 50,000 motorcycles sold and a workforce of 300 employees, with both an online presence and physical outlets in major cities like Barcelona, Madrid, Valencia, Malaga, Milan, and Rome.
Sectors
- Automotive
- Financial Services
Geography
- Spain – MundiMoto is based in Spain and operates motorcycle reconditioning and rentals in the country.
- Italy – MundiMoto also extends its operations to Italy, indicating its geographical business presence.
Industry
- Automotive – MundiMoto operates in the automotive industry by buying, reconditioning, reselling, and renting motorcycles.
- Financial Services – The article involves financial services through the fundraising activities and debt financing from banks like Santander Consumer Finance, Banco Sabadell, and CaixaBank.
Financials
- $22,000,000 – Total raised in the funding round, including both equity and debt.
- $8,100,000 – Amount raised through equity financing in the funding round.
- $13,000,000 – Amount raised through debt financing in the funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MundiMoto | Target Company | Company | A motorcycle reconditioner and reseller that also engages in motorcycle rentals in Southern Europe. |
| Orilla Asset Management | Lead Investor | Company | The firm leading the latest funding round for MundiMoto. |
| Autotech Ventures | Investor | Company | An existing shareholder in MundiMoto participating in the funding round. |
| P101 | Investor | Company | An existing investor in MundiMoto involved in the recent funding round. |
| Mutua Madrileña | Investor | Company | Existing shareholder in MundiMoto participating in the funding. |
| Santander Consumer Finance | Debt Financier | Company | Provided debt financing for MundiMoto's funding round. |
| Banco Sabadell | Debt Financier | Company | One of the institutions providing debt financing for the funding round. |
| CaixaBank | Debt Financier | Company | Debt financing provider for MundiMoto's recent funding round. |
| Pepe Talavera | CEO and Co-Founder | Person | CEO and co-founder of MundiMoto, focusing on expanding motorcycle rentals in Southern Europe. |