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PandaGo raises 4.7 million in a round led by Kibo Ventures

MADRID, 26 Sep.

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PandaGo raises 4.7 million in a round led by Kibo Ventures

MADRID, 26 Sep. (EUROPA PRESS) -

The PandaGo electric vehicle rental platform for companies has raised a financing round led by Kibo Ventures and in which Big Sur Ventures and JME Ventures have also participated.

The company will use this amount to hire "world class" talent, implement new developments in the platform aimed at improving the customer experience and strategically invest in marketing and sales to help thousands of companies easily electrify their fleet.

Founded in 2021, PandaGo aims to help create sustainable cities. The company integrates a marketplace with the catalog of electric vehicles in flexible renting together with a self-developed software platform (SaaS) that facilitates the operation of multi-vehicle or multi-provider fleets.

PandaGo currently operates in Spain and plans to reach France and Italy in the coming months.

"Companies can achieve the greatest impact in creating sustainable cities. And they are willing to face this challenge, but find it difficult to find, contract and manage fleets of electric vehicles. Our platform solves problems such as the complexity derived from managing multiple leasing providers, the limited supply of electric vehicles, or the daily operation of large fleets including the management of incidents and accidents", highlighted the CEO and co-founder of PandaGo, Mariano Galán.