Cooltra Funding, Investors & Competitors

Cooltra has raised $108M across 5 funding rounds, most recently a $26M undisclosed-stage round in November 2022.

Last Cooltra funding round

$26M

Undisclosed stage · Nov 2022

Cumulative funding Cooltra raised

$108M

across 5 funding rounds

Key investors in Cooltra

  • Finaves

Cooltra Overview

About Cooltra

Cooltra is a Barcelona mobility company founded in 2006 that rents and manages two-wheeled vehicles across European cities. It provides long-term scooter and motorcycle rental to consumers, fleets and delivery businesses, while also supplying vehicles and operating services to public administrations. The group has expanded from conventional and electric scooters into bicycles and other light-mobility formats. Business customers use Cooltra for multi-month operational rental, fleet management, maintenance and vehicle availability rather than purchasing vehicles outright. Consumer products include subscription and shorter-duration access in selected markets. Revenue comes from rentals, subscriptions, fleet services and public-service contracts. Cooltra acquired connected-mobility software provider EOS Connectivity in 2024 to internalize telematics and platform capability, and later acquired bicycle-subscription company Kleta as it expanded its cycling offer.


Founded

2006

HQ

SpainBarcelona

Status

Privately held

Customer focus

B2B & B2C & B2G

Revenue model

Leasing & Rental Services, Subscription, Services

Cooltra Funding History

Cooltra has raised a total of $108M across 5 funding rounds.

Cooltra's first fundraising round was a $879K seed round in February 2007. The most recent completed round was a $26M undisclosed-stage round in November 2022.

Cooltra funding rounds

Cooltra funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2022Undisclosed stage-$26M-
Dec 2020Undisclosed stage-$35MCooltra, a Barcelona-based micromobility platform founded in 2006 by CEO Timo Buetefisch, provides two-wheel mobility solutions including electric moto-sharing, bike-sharing, and scooter rentals for individuals, businesses, and public administrations. In late 2020, the company announced a €50 million ($60.9M) capital increase, comprising a €20 million equity investment from Francisco Riberas, Chairman of Gestamp Automocion, and the remainder as debt conversion from existing shareholders. The funds were intended to accelerate growth, support market expansion, and strengthen the balance sheet for potential acquisitions.
Nov 2019Undisclosed stage-$34MCooltra is a Spanish company offering electric or gasoline scooter rentals by minutes, hours, days, or months, operating in the micromobility and manufacturing sectors. Cooltra's traction includes the FY 2019 revenue figure linked to the 2018 loan, indicating scale in scooter rental services prior to later financings. It has raised a total of $87.95M across 6 funding rounds, with investors including Banco Santander, Arquia Bank, Bankinter, Cofides, Deutsche Bank, and Institut Catala de Finances. Investors like Cofides focus on manufacturing and debt financing in Spain.
Aug 2018Strategic investment-$12MCooltra is a mobility company focused on motorcycle rentals and leasing services. On September 4, 2018, it completed a loan funding round, part of its six total rounds raising $87.95M overall. Cooltra reported $47.29M in revenue for FY 2019, associated with the 2018 loan round. Subsequent rounds included a June 2021 angel round at $121.25M valuation and a 2023 loan for $19.94M.
Feb 2007SeedFinaves$879KCooltra completed its first external financing round in February 2007, raising EUR 675,000 from Finaves and business angels. Cooltra had started in Barcelona in 2006 with a fleet of 50 scooters and initially focused on short-term rentals for visitors and residents. The financing helped the company expand its fleet, locations and commercial operations as it built a broader two-wheel mobility business. Cooltra later added long-term rentals, corporate fleet services and electric vehicle sharing, and expanded into multiple European markets. IESE has repeatedly identified Cooltra as one of the companies financed with Finaves seed capital. The company subsequently raised further equity and debt from family offices and financial institutions as its fleet and geographic reach grew.

Who has invested in Cooltra?

1 investor has backed Cooltra across its funding rounds, including Finaves.


Cooltra Investors

Investors in Cooltra by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Cooltra

Cooltra has acquired 5 companies to date.

Last acquisition by Cooltra was on October 16th 2025. Cooltra acquired Kleta for undisclosed valuation.


Latest Acquisitions by Cooltra

Kleta
EOS Connectivity
felyx
Cityscoot
Description
Kleta is a Copenhagen-based bicycle subscription service in Denmark. Subscribers access maintenance-free bikes with puncture-proof tires, regular servicing, and theft insurance via monthly or annual plans starting at 199 DKK. Launched in 2019, Kleta operates fleets in Copenhagen, Aarhus, and Odense, partnering with employers for commuter programs. The service includes app-based unlocking and nationwide repairs.
EOS Connectivity is a Barcelona connected-mobility software company founded in 2020. It developed an API-centric platform linking electric scooters and other light vehicles with fleet-management, tracking and operational systems. Mobility operators used its software and hardware integrations to monitor vehicles, obtain location and status data, and connect services without building the underlying telematics stack themselves. The company served business customers, including rental and shared-mobility fleets, through software subscriptions, integrations and connected-device services. EOS had already supplied technology to Cooltra before the transaction and reportedly powered about half of the acquirer's fleet. Cooltra acquired the company in August 2024 to internalize that capability and support the consolidation of its European rental and mobility platform.
felyx is a shared electric scooter rental service operating in major European cities including Amsterdam, Rotterdam, The Hague, and Brussels. The fleet exceeds 1,200 e-mopeds available for per-minute rentals via a mobile app, supporting free-floating one-way trips within designated zones. Launched in 2018 from Amsterdam, felyx emphasizes zero-emission urban mobility with GPS-enabled scooters reaching speeds up to 45 km/h. The service integrates with public transport apps in the Netherlands and Belgium, serving over 500,000 rides annually.
Cityscoot is a Paris-headquartered electric scooter rental service founded in 2016 operating 5,000 vehicles across Paris, Nice, Milan, and Rome. Users access scooters via app for 10-minute free bookings, with unlocks via PIN and full insurance coverage. The fleet uses proprietary software for management and electric vans for maintenance.
HQ CountrySpainSpainNetherlandsFrance
HQ City
Barcelona
Barcelona
Amsterdam
Paris
Deal Date16 Oct 20252 Aug 20245 Mar 202422 Feb 2024
Valuationundisclosedundisclosedundisclosed$400K
EV/Revenue
EV/EBITDA

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Cooltra Competitors

Cooltra competitors include listed companies like Cintas, United Rentals, Ashtead Group and AerCap, and private ones like Wicked Ride Adventure Services and Enilive.

Public and private companies comparable to Cooltra
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Wicked Ride Adventure ServicesIndiaBangalorePrivate--$30M-
CintasUnited StatesUnited StatesPublicly listed$11B$3.1B$88B7.8x
United RentalsUnited StatesUnited StatesPublicly listed$16B$7.2B$65B4.6x
Ashtead GroupUnited StatesUnited StatesPublicly listed$11B$4.5B$32B3.9x
AerCapUnited StatesUnited StatesPublicly listed$8.5B$6.8B$26B7.4x
EniliveItalyRomePrivate--$14B-

Cooltra Public Comps

Cooltra is still privately-owned, but its public comps include Cintas, United Rentals, Ashtead Group, AerCap, FTAI Aviation, Ryder, U-Haul, Hotai Motor, Ayvens and VinFast.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Cintas$11B$3.1B8.1x7.8x29.1x27.7x
United Rentals$16B$7.2B5.0x4.6x11.3x9.9x
Ashtead Group$11B$4.5B3.9x3.9x9.6x8.4x
AerCap$8.5B$6.8B7.8x7.4x9.7x8.7x
FTAI Aviation$2.5B$1.1B8.6x5.9x20.1x16.3x
Ryder$13B$3.3B1.4x1.4x5.5x6.3x
U-Haul$6B$1.6B2.7x2.7x10.2x9.6x
Hotai Motor$7.8B$1.5B2.4x-12.3x-

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Common questions about Cooltra

When was Cooltra founded?Cooltra was founded in 2006.
Where is Cooltra headquartered?Cooltra is headquartered in Barcelona, Spain.
Is Cooltra publicly listed?No, Cooltra is a private, VC-backed company.
How much funding has Cooltra raised?Cooltra has raised $108M across 5 funding rounds.
What was Cooltra's last funding round?Cooltra's last funding round was a $26M undisclosed-stage round in November 2022.
Who are Cooltra's investors?Cooltra's investors include Finaves.
Which companies are comparable to Cooltra?Companies comparable to Cooltra include Wicked Ride Adventure Services, Cintas, United Rentals, Ashtead Group, AerCap and Enilive.
How many companies has Cooltra acquired?Cooltra has acquired 5 companies, including Kleta, EOS Connectivity, felyx, Cityscoot and Cooltra Inversión Motos.
What was the largest acquisition by Cooltra?The $400K acquisition of Cityscoot in February 2024 is the largest acquisition Cooltra has made to date.

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