# Mottu Technologia Ltda.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mottu-technologia-ltda

- Industry: Transportation Services
- Headquarters: Sao Paulo, Brazil
- Website: www.mottu.com.br
- Total disclosed funding: $100M
- Latest round: Series C (Sep 15, 2023)
- Investors on record: 7

## About

Mottu Technologia Ltda., based in Brazil, provides innovative motorcycle rental and logistics solutions tailored for businesses, enhancing operational efficiency in urban environments.Founded in 2019 and headquartered in Sao Paulo, Brazil, Mottu Technologia Ltda. specializes in motorcycle rentals and logistics services for businesses. The company has successfully executed 6 deals, with its latest funding round, Series C, completed on September 15, 2023, raising USD 50.00 mn from investors including Bicycle Capital, Caravela Capital, Endeavor Catalyst, and QED Investors. The founder, Rubens Zanelatto, serves as CEO, bringing a wealth of experience to the company.Mottu specializes in providing motorcycle rental and logistics services, designed to cater to businesses of various sizes. The core product offering includes a user-friendly platform that facilitates motorcycle rentals, enabling businesses to access a robust fleet without the hassles of traditional rental processes. Mottu's technology-driven solutions aim to enhance the delivery experience for both couriers and retail businesses, effectively addressing the need for efficient logistics in urban environments. By offering its services across Brazil and Mexico, Mottu targets a diverse client base that includes small to medium-sized enterprises (SMEs), e-commerce platforms, and delivery service providers. The end users of these services are primarily delivery personnel who rely on Mottu's motorcycles to facilitate their logistics operations.Mottu generates revenue through a transactional model that involves motorcycle rentals and logistics services tailored for businesses. Clients engage with the platform for motorcycle rentals, which are structured to accommodate varying rental periods, allowing businesses to flexibly scale their logistics needs. Pricing plans are structured based on daily rental rates, with options starting at R$ 18 per day, catering to different customer requirements. The primary transactions occur directly between Mottu and its clients, positioning the firm as a direct provider of its services. Additionally, Mottu's logistics platform serves as an integrated solution for clients, enhancing operational efficiencies and contributing to overall customer satisfaction.In September 2023, Mottu Technologia Ltda. raised USD 50.00 mn in Series C funding, co-led by Bicycle Capital and QED Investors, with participation from Endeavor Catalyst and Caravela Capital. The company plans to utilize this funding to bolster operational efficiency, expand into new markets, and enhance the customer experience. Specific target markets for expansion have not been detailed, but the ongoing development of new products and services is expected to support these initiatives.

## Funding rounds

- Series C, Sep 15, 2023, $50M — QED Investors, Endeavor Catalyst, Caravela Capital, Bicycle Capital
- Series B, Jun 30, 2022, $30M — Tiger Global Management, Base Partners, Crankstart Foundation
- Series A, Jan 1, 2021, $20M — Tiger Global Management

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A, Series B
- Base Partners (https://capitalatlas.ai/funds/base-partners) — Series B
- Crankstart Foundation — Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series C
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series C
- Caravela Capital (https://capitalatlas.ai/funds/caravela-capital) — Series C
- Bicycle Capital (https://capitalatlas.ai/funds/bicycle-capital) — Series C