Busup Secures €2.84 Million in Funding for Corporate and School Shared Mobility Platform
Busup, a Barcelona-based company specializing in corporate and school shared mobility, has announced a recent funding round of €2.84 million.
The investment, led by True Global Ventures through TGV’s Opportunity Fund (TGV5), builds upon their initial investment of €1.1 million from TGV4, showcasing continued support for Busup’s growth.
With this new capital infusion, Busup plans to expand its operations globally and increase its market presence in the corporate and school shared mobility sector.
Established in 2016 by Rui Fernandes, Busup offers outsourced corporate mobility solutions to streamline employee transportation and reduce costs while promoting environmental sustainability. Leveraging advanced technology and a vast network of over 170 local operators, the company provides corporate mobility services across Europe, the United States, and Latin America. In 2024, Busup achieved a remarkable 57.5% year-over-year growth and now facilitates over 700,000 rides monthly.
Looking ahead, Busup anticipates reaching €10 million in annual recurring revenues (ARR) in the near future and aims for a gross merchandise value (GMV) of €48 million for 2025.
FinSMEs
09/05/2025
