P101 invests €6m in series-B for Bipi Mobility

The VC house invested in the company via Programma 102 – its flagship fund, which closed on €100m in 2020 – and Italia 500, a €40m vehicle launched by Azimut Libera Impresa and managed by P101. The funds co-invest in European digital and technology startups offering B2C and B2B services to the food, fashion, design, education, healthcare, logistics, travel and financial industries.

This investment is an extension of the €10.5m series-B round raised by the company in October 2020, which was led by Adevinta Ventures, with participation from IDC Ventures, TA Ventures, AtresMedia, Maniv Mobility and Toyota AI Ventures.

Bipi intends to use the fresh financing to consolidate its market position in Spain and accelerate its expansion across Europe, primarily in France and Italy. Bipi also plans to scale up its team and further develop its platform with new features and services.

Previous funding
Bipi raised a seed round of €2.5m from Kibo Ventures in September 2017.

More recently, Maniv Mobility led a €6.5m series-A financing round for the company in June 2019.

Company
Established in 2017, Bipi is a car rental digital platform offering monthly subscriptions for renting new and used cars.

The company’s subscription terms are flexible, from one to 36 months, and the application process is entirely digital. 

Employing 90 staff, Bipi is based in Madrid and currently operates in the Spanish and French markets.

People
P101 – Andrea Di Camillo (founder, managing partner).
Bipi Mobility – Hans Christ (co-founder, CEO).

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• Topics
• Expansion
• Southern Europe
• Consumer
• Venture
• Spain
• Italy