Mundimoto raises €4M alongside €40M debt refinancing to expand motorcycle renting

What's the deal? Spanish motorcycle platform Mundimoto has raised €4 million in a Series B round backed by some of Spain's prominent business figures. Investors include former InditexDealroom has a profile for this one. Try Dealroom → chairman Pablo Isla, insurer Mutua MadrileñaDealroom has a profile for this one. Try Dealroom →, Francisco RiberasDealroom has a profile for this one. Try Dealroom →, former Indra chairman Javier Monzón, and Italian venture fund P101Dealroom has a profile for this one. Try Dealroom →. The raise accompanies the refinancing of roughly €40 million in debt.

What does the company do? Founded and led by Pepe Talavera, Mundimoto buys, sells and manages motorcycles. Its activities span second-hand sales, specialised transport and full vehicle management across Spain and Italy.

Why now? Mundimoto had renewed most of its debt roughly every year, limiting long-term investment planning. The new structure refinances about 90% of its liabilities with maturities of two to three years, while the rest extends to seven-year terms. SantanderDealroom has a profile for this one. Try Dealroom →, BBVADealroom has a profile for this one. Try Dealroom →, CaixaBankDealroom has a profile for this one. Try Dealroom → and Banco SabadellDealroom has a profile for this one. Try Dealroom →, its main creditors, took part.

What it means. Motorcycle renting now sits at the centre of Mundimoto's growth plan. The company aims to significantly expand its available fleet as businesses and individuals seek flexible urban mobility without large upfront costs.

Read more: Forbes España

Image credit: Eric Fischer