Mottu operates a motorcycle rental and last-mile delivery marketplace connecting restaurants, retailers, and e-commerce businesses with delivery couriers. Led by founder and CEO Rubens Zanelatto, the company controls operations end-to-end in more than 30 cities across Brazil and Mexico and established its own assembly line in Manaus. It serves 50,000 customers and offers an in-house assembled SKU, Mottu Sport, positioned as a fuel-efficient motorcycle in Latin America. Mottu plans to use the Series C proceeds to expand geographies, improve operational efficiency, and enhance customer experience. The company is also entering the mobility market focused on commuters who frequently use low-quality public transportation in Brazil and Mexico. Its model combines vehicle assembly, rental, and a delivery marketplace to support last-mile logistics for restaurants, retailers, and e-commerce. Mottu operates a fleet of motorcycles rented to independent couriers and provides complementary services including credit, insurance, maintenance, 24-hour support and a driving school. The company started operations in early 2020 with a fleet of 200 motorcycles in São Paulo and grew to 1,000 by the end of that year. By the end of 2021 Mottu reported $10 million in ARR after growing ARR 5x that year, having reached $2 million ARR in its first year. Today it operates in eight Brazilian cities and Mexico City with a fleet of 10,000 motorcycles and a headcount of about 400. Customers pay a weekly rental fee that amounts to roughly $150 per month, and the company reports zero delinquency rates to date. Mottu says it helps couriers who have little or bad credit access work opportunities and aims to expand both its fleet and technology platform.

Total raised

$90M

Funding rounds

3

Latest round

Series C

Latest activity

Sep 2023