← State of Embedded Finance 2026

Cooltra

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?

Founded2008
HQBarcelona, Spain
Total raised$87.95M
Latest roundLoan - II, July 2023
Valuation$121.25M (June 2021)
IndustryVertical SaaS / Mobility & Vehicle Rental
The story

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.

Last 12 months
2023-07
Product timeline
2008
Founded in Barcelona to provide scooter rentals by the day to individuals.· pivot
2018
Expanded into motosharing (by-the-minute rentals via app) and bikesharing, forming COOLTRA MOTOSHARING, S.L.U.· pivot
2020
Partnered with Adyen and Openbravo to implement an omnichannel payment and retail management strategy across European markets.· banking
2021
Received equity and angel funding valuing the company at ~$121M, supporting international fleet expansion across 8 European countries.· acquisition
2023
Closed €18M syndicated green loan led by Santander to expand EV fleet and fund international growth.· lending
The stack
Payments / PSP
Adyen
Lending
€18M syndicated green loan (EV fleet expansion)
KYC
Sumsub
Accounting gap: minor