Busup, a Barcelona, Spain-based platform for corporate and school shared mobility, raised €2.84 million in funding.
True Global Ventures made the investment through TGV’s Opportunity Fund (TGV5), reinforcing the firm’s long-term support following an initial €1.1m investment via TGV4.
The company intends to use the funds to expand operations and its business reach globally.
Founded in 2016 by by Rui Fernandes, Busup is a provider of outsourced corporate mobility services. The company enables companies to optimize their employee mobility, ensuring cost-efficient management and offering a more environmentally sustainable solution. Thanks to its advanced technology and global network of more than 170 local operators, Busup is capable of offering corporate mobility services in Europe, the United States, and Latin America. In 2024, the company recorded 57.5% year-over-year growth, and it is now managing over 700,000 monthly rides.
Busup expects to reach €10m in annual recurring revenues (ARR) in the incoming months and a budget of €48m in gross merchandise value (GMV) for 2025.
FinSMEs
09/05/2025