BeGas raises €25.8M, its biggest round, with Cepsa-backed Gasib leading

What's the deal? Basque technology startup BeGas Motor has closed a €25.8 million funding round, the largest in its history.

The round was led by Gasib, a liquefied petroleum gas (LPG) specialist and subsidiary of energy giant CepsaDealroom has a profile for this one. Try Dealroom →.

Spain's Centre for the Development of Industrial Technology (CDTIDealroom has a profile for this one. Try Dealroom →) also joined the round.

Why now? BeGas develops clean-engine technology powered by LPG, positioning it well as transport sectors hunt for lower-emission alternatives.

Backing from Cepsa's Gasib ties the startup to an established fuel distributor with reach and resources to scale.

The signal: BeGas, now a breakout-stage company, designs and manufactures engines for industrial vehicles powered entirely by LPG — a niche that aligns squarely with Gasib's autogas expertise. The backing of government innovation body CDTI alongside a Cepsa subsidiary underscores how public and corporate money are converging on Spanish clean-engine bets.

Read more: Gananzia

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