Seaya Andromeda, a climate tech growth capital fund based in Madrid, has acquired a 70% stake in the bicycle refurbishment company Bike Ocasión from Taurus Capital. Bike Ocasión, headquartered in Terrassa, Catalonia, and operating under the brand name Zyclora outside of Spain, is a leading player in Europe’s bicycle re-commerce market. Carlos Rivera, co-founder of digital auto retailer Clicars, is also investing in the business. Seaya Andromeda aims to leverage its expertise in circular economy models to drive Zyclora’s growth and help it become a global benchmark in the industry. Bike Ocasión plans to open a new flagship store in Madrid next year.
Climate Tech, E-commerce, Circular Economy,Spain, Europe
https://aimgroup.com/2024/09/19/seaya-andromeda-acquires-majority-stake-in-ocasion/