{"id":44230,"date":"2019-04-29T00:00:00","date_gmt":"2019-04-28T22:00:00","guid":{"rendered":"https:\/\/techma.bakertilly.es\/espanola-movo-ronda-e20m-mercado-carsharing\/"},"modified":"2025-03-12T11:46:32","modified_gmt":"2025-03-12T10:46:32","slug":"espanola-movo-ronda-e20m-mercado-carsharing","status":"publish","type":"post","link":"https:\/\/techma.bakertilly.es\/en\/espanola-movo-ronda-e20m-mercado-carsharing\/","title":{"rendered":"Spain's Movo receives a \u20ac20M round. We analyse the carsharing market."},"content":{"rendered":"

The micro-mobility market has a promising future both nationally and internationally. For this reason, from Bakertilly<\/a> GDA<\/a> the first round received by Movo, a Spanish startup, is analysed in order to contrast it with the different rounds received by companies in the same sector at an international level.<\/p>\n

<\/span>About carsharing<\/strong><\/span><\/h2>\n

Movo<\/a> is a Spanish start up oriented to the micro mobility sector<\/strong>which offers motosharing and electric scooter sharing services.<\/p>\n

\"movo\"<\/p>\n

It is a company with international ambitions, a subsidiary of Cabify, which in Spain operates only in Madrid, and offers the rental of these devices through an application through which the devices can be unlocked on the spot or rented in advance.<\/p>\n

In terms of tariffs, Movo is one of the micro-mobility companies with the best rates in the world. more attractive rates<\/strong> for short periods of use, offering very competitive fares for journeys of less than 15 minutes on both scooters and scooters.<\/p>\n

In addition, unlike other competitors, it has the ability to pause, lock or even turn off the scooter or scooter without ending the reservation, allowing for stops, breaks or shopping and maintaining ownership on return.<\/p>\n

Finally, it should be stressed that Cabify<\/a> mediante esta compa\u00f1\u00eda compite con Uber en otro de los subsector estrat\u00e9gico con el fin de dominar el mercado de la micromovilidad, compitiendo con Lime, la filial de Uber en este subsector.<\/p>\n

<\/span>Movo receives \u20ac20M round<\/strong><\/span><\/h2>\n

With this new round of financing Movo seeks to consolidate the current business, achieve growth and prepare the leap into new territories to achieve economies of scale and begin to make the investment profitable.<\/p>\n

This expected growth comes from the company's introduction in Argentina, Brazil and Uruguay and strengthening its fleet of vehicles in Spain, Mexico, Chile, Colombia and Peru.<\/p>\n

The round was led by Seaya Ventures<\/strong> y Mutua Madrile\u00f1a, confirm\u00e1ndose de este modo la gran apuesta que est\u00e1 realizando Mutua Madrile\u00f1a por la diversificaci\u00f3n de fuentes de ingresos y en concreto en estrategia de crecer en el \u00e1mbito de la movilidad urbana compartida debido al crecimiento a nivel mundial que est\u00e1 experimentando.<\/p>\n

<\/span>Other investments in shared mobility<\/strong><\/span><\/h2>\n

<\/span>Grab<\/strong><\/span><\/h3>\n

Grab<\/a>a leading company in the field of carsharing<\/strong> in Southeast Asia, and Uber's main competitor in the region, has received $1.460M in latest round of funding<\/strong>.<\/p>\n

The main investor in this project was one of the funds of SoftBank<\/strong> and the investment will be used for the development of a new application that includes more functions and can be integrated into the daily life of users.<\/p>\n

\u00a0<\/strong><\/p>\n

<\/span>Getaround<\/strong><\/span><\/h3>\n

Getaround<\/a> is a company dedicated to facilitating the car rental between private individuals<\/strong>whether for a few hours, days or even weeks.<\/p>\n

The App's value proposition comes from including insurance and 24-hour assistance in all areas in which it operates as well as eliminating car rental companies or having to know who rents the vehicles, making it a faster business and offering additional revenue.<\/p>\n

On 31 August 2018 the company raised $300M<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

<\/span>Helbeiz<\/strong><\/span><\/h3>\n

Helbeiz<\/strong> is a start up that facilitates the use of fleets of electric vehicles<\/strong> by allowing you to reserve or locate free vehicles in your vicinity via the App.<\/p>\n

This firm operates in the main Italian and American cities, and thanks to the $15M<\/strong> that have raised expectations expand to Europe's major capitals.<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

<\/span>Socar<\/strong><\/span><\/h3>\n

Socar is a company that promotes the carsharing<\/strong> in South Korea, since 2015 had received 1TP2Q18 million<\/strong>of which the majority came from the venture capital fund. Bain Capital<\/strong>.<\/p>\n

In this case the company operates as an intermediary to bring together those who are going to make a journey and those who would be interested in making a journey, thus reducing journey costs for both.<\/p>\n

On 15 January it obtained another $44M<\/strong> in a series of funding entirely earmarked for R&D (improving the algorithms behind the application) and marketing of the application in order to continue to gain market share.<\/p>","protected":false},"excerpt":{"rendered":"

Spanish startup Movo, focused on the micro mobility sector, has received its first \u20ac20M round, led by Seaya Ventures and Mutua Madrile\u00f1a.<\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1750],"tags":[155,153,1296,157],"sectores":[],"tipo-contenido":[2260],"class_list":["post-44230","post","type-post","status-publish","format-standard","hentry","category-financiacion-sectorial","tag-corporate-finance-spain","tag-global-corporate-finance","tag-sectores","tag-venta-de-empresas","tipo-contenido-noticias"],"acf":[],"_links":{"self":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/44230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/comments?post=44230"}],"version-history":[{"count":0,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/44230\/revisions"}],"wp:attachment":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/media?parent=44230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/categories?post=44230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tags?post=44230"},{"taxonomy":"sectores","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/sectores?post=44230"},{"taxonomy":"tipo-contenido","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tipo-contenido?post=44230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}