Cooltra in a €50 million capital increase.
Cooltra, a Barcelona, Spain-based operator of a micromobility platform, announced entering into a €50 million ($60.9M) capital increase transaction agreement.
The deal included a €20 million investment by Francisco Riberas, Chairman of auto-parts manufacturer Gestamp Automocion, with the remainder structured as a debt conversion from existing shareholders.
The proceeds will help accelerate Cooltra’s robust growth, support expansion in new markets, and strengthen its balance sheet for potential acquisitions.
Cooltra, founded in 2006 by CEO Timo Buetefisch, is a mobility solution provider on two wheels as it has built a unique platform to provide two-wheel mobility solutions, such as electric moto-sharing and bike-sharing as well as scooter rental for individuals, businesses and public administrations.