Mottu secures $50M to expand its last-mile logistics ecosystem

Mottu, a Brazilian company for motorcycle rental and logistics services, raised $50M in a Series C round. The round will allow the startup to expand its ecosystem of last-mile logistics.

鈥淢ottu is a rare combination of high growth, operational excellence, profitability, and capital efficiency鈥, said Marcelo ClaureBicycle Capital Managing Partner.

Bicycle Capital and聽QED Investors聽were the lead investors. Endeavor Catalyst and Caravela also participated in the round. This is the first investment for the recently launched Bicycle Capital.聽

Mottu has raised over $150M since 2020 and operates in more than 30 cities in Brazil and Mexico. The company has its assembly line in Manaus due to the increasing demand for renting bicycles. 

Read more on Bloomberg L铆nea.

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