Mottu, a Sau Paulo, Brazil-based motorcycle rental company and last-mile delivery marketplace, raised $50M in Series C funding.
The round was led by QED Investors and Bicycle Capital. Endeavor Catalyst and Caravela also participated.
The company intends to use the funds to expand geographies, improve operational efficiency and customers’ experience.
Led by Rubens Zanelatto, Founder and CEO, Mottu comprehensive last-mile logistics ecosystem connecting restaurants, retailers, and e-commerce businesses with delivery couriers. Mottu controls its operations end-to-end in more than 30 cities in Brazil and Mexico, so it had to establish its own assembly line in Manaus. Mottu Sport is an SKU assembled by the company and stands out as a fuel-efficient motorcycle in Latin America.
The company, which serves 50,000 customers, is also entering the mobility market, focused on the large population of commuters in Brazil and Mexico who frequently use public transportation services with poor quality.
FinSMEs
15/09/2023