In an effort to diversify the business in a challenging economic environment, Barcelona-based startup MundiMoto is now offering long-term rentals of used motorcycles, in addition to its core business of selling reconditioned motorcycles that it purchases directly from consumers.
Launched two months ago, MundiMoto says that renting enables consumers “to enjoy your used motorcycle with everything included [insurance, tax, maintenance etc.] for a single monthly payment.”
According to the company, it currently has 100 rental customers and is seeking to increase this figure to 600 by the end of the year. Renters can choose from a catalog of 2,500 motorcycles, with monthly payments of between €150 and €400 ($163 and $434 U.S.) for terms of between three and 24 months.
“It is a line of business that allows us to have recurring income, unlike what happens with sales,” MundiMoto co-founder and CEO Josep Talavera (LinkedIn profile) recently told newspaper Expansión.
“This year we want to strengthen our operations and become the Amazon of motorcycles.”
Talavera added the market environment for MundiMoto in 2023 and 2024 would be “complex” and about “survival.”
According to MundiMoto, it sold 15,000 used motorcycles in 2022, up from 4,000 in the previous year, with its revenue rising from €15 million to €60 million over the same period. The company currently has 250 employees.
Expansión also reported that MundiMoto co-founder Alberto Fossas had “amicably” left the business, with Talavera acquiring his stake in the company. As a result, Talavera now has a majority stake in the company.
