What does Busup do?
Busup is a mobility platform specializing in outsourced corporate and school transportation services. Leveraging advanced technology and a network of over 170 local operators, the company optimizes employee mobility while promoting environmental sustainability across Europe, the United States, and Latin America.
How much did they raise?
The company raised €2.84M through True Global Ventures’ Opportunity Fund (TGV5), following an earlier €1.1M investment via TGV4. Although the specific round type is marked as series_unknown, this investment underscores continued investor confidence in the company.
What are their plans for the money?
Busup plans to use the funds to expand its global operations and enhance its business reach, targeting increased annual recurring revenues and a significant boost in gross merchandise value. This expansion is expected to amplify their impact within the shared mobility sector.
What have they achieved so far?
The company has already demonstrated strong growth, recording a 57.5% year-over-year increase in 2024 and managing over 700,000 monthly rides. Busup is on track to reach €10M in annual recurring revenues and €48M in gross merchandise value by 2025.
