“Can a pan-European two-wheel mobility operator scale sustainably across 8 countries while automating the financial operations complexity that multi-currency, multi-entity fleet management demands?”
Founded in Barcelona in 2008 as a day-rental scooter company, Cooltra evolved into Europe's leading sustainable two-wheel mobility platform offering by-the-minute motosharing and bikesharing across 8 countries and 24+ cities. The company built out separate B2B (fleet rental to companies and public institutions) and B2C (shared motorbike access) lines, growing to 500+ employees and 18,000+ vehicles. Embedded finance adoption has been incremental — adopting Adyen for omnichannel payments, Pleo for spend management, Sumsub/Alice Biometrics for identity verification, and Embat for treasury automation — reflecting the operational complexity of a pan-European mobility operator rather than a platform monetizing financial services.
Cooltra processes payments through Adyen.
Cooltra uses Sumsub for KYC and identity verification.
The Embedded Finance Index 2026 maps 4 layers in Cooltra's stack: Payments / PSP (Adyen); Lending (€18M syndicated green loan (EV fleet expansion)); KYC (Sumsub); Spend / AP (Pleo).
Cooltra is founded in 2008 and headquartered in Barcelona, Spain.
Cooltra has raised $87.95M in total (latest round: Loan - II, July 2023; valuation: $121.25M (June 2021)).
Get a read on where your own stack stands against Cooltra and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.