Mottu Achieves 100,000 Motorcycle Rentals and BRL 1 Billion Milestones, Empowering Gig Workers in Brazil and Mexico
In a remarkable achievement that underscores its leadership in Latin America's motorcycle rental market, Mottu has reached two significant milestones: surpassing 100,000 rented motorcycles and achieving BRL 1 billion in revenues. These accomplishments highlight the company's commitment to empowering gig workers, particularly those at the economic bottom, by providing affordable mobility solutions across 100 cities in Brazil and Mexico.
Since its inception in 2020, Mottu has become a lifeline for couriers who struggle to access credit. By enabling these individuals to rent motorcycles, Mottu facilitates sustainable income through food delivery, e-commerce, and transportation services. With an average household size considered, the milestone of 100,000 rentals signifies 330,000 individuals who have benefited from Mottu's services, breaking away from financial exclusion.
Mottu’s founder, Rubens Zanelatto, expressed the company's mission succinctly: "Mottu exists to serve the unserved. For many of our customers, access to a motorcycle is the difference between unemployment and a sustainable livelihood." The achievement of BRL 1 billion in revenues is not solely a growth metric; it's a testament to the numerous lives transformed through improved access to affordable mobility.
Majority of Mottu’s clients hail from disadvantaged neighborhoods, with 96% acknowledging enhancements in their lives post-rental. This feedback strengthens the social impact of Mottu's business strategy that combines profitability with societal change.
To further capitalize on its success, Mottu introduced the 'Conquiste' rent-to-own plan in 2024. Targeting a broader audience, this program provides individuals the opportunity to own new or used motorcycles, with affordable monthly payments spread over three years. By doing so, Mottu continues to amplify its social impact, fostering financial independence through greater mobility opportunities.
The company has taken significant steps to enhance its customer service experience, including vertical integration of its value chain. Mottu has established its own assembly line, developed parts and services, and created advanced fleet management software solutions to streamline operations and improve service delivery. Furthermore, after consolidating its presence in Brazil, Mottu has also ventured into Mexico, with plans to expand beyond Latin America in 2025.
This expansion is driven by the demand for affordable mobility and supported by a significant $50 million Series C funding round in 2023, co-led by Bicycle Capital and QED Investors. This funding has fueled Mottu's profitability journey, enhancing operational excellence while adhering to its core mission.
As Mottu continues to grow, its primary focus remains on deepening its market presence and developing innovative programs that support gig workers, particularly in under-resourced communities. The journey reflects how a socially-conscious business model can lead to both economic prosperity and social advancement.
Mottu sets a powerful example in the gig economy by combining innovation, financial inclusion, and responsibility, aligning its growth objectives with a vision for a more equitable future. With its milestones in view, Mottu persists steadfastly in creating opportunities and empowering gig workers across Latin America and beyond.
Since its inception in 2020, Mottu has become a lifeline for couriers who struggle to access credit. By enabling these individuals to rent motorcycles, Mottu facilitates sustainable income through food delivery, e-commerce, and transportation services. With an average household size considered, the milestone of 100,000 rentals signifies 330,000 individuals who have benefited from Mottu's services, breaking away from financial exclusion.
Mottu’s founder, Rubens Zanelatto, expressed the company's mission succinctly: "Mottu exists to serve the unserved. For many of our customers, access to a motorcycle is the difference between unemployment and a sustainable livelihood." The achievement of BRL 1 billion in revenues is not solely a growth metric; it's a testament to the numerous lives transformed through improved access to affordable mobility.
Majority of Mottu’s clients hail from disadvantaged neighborhoods, with 96% acknowledging enhancements in their lives post-rental. This feedback strengthens the social impact of Mottu's business strategy that combines profitability with societal change.
To further capitalize on its success, Mottu introduced the 'Conquiste' rent-to-own plan in 2024. Targeting a broader audience, this program provides individuals the opportunity to own new or used motorcycles, with affordable monthly payments spread over three years. By doing so, Mottu continues to amplify its social impact, fostering financial independence through greater mobility opportunities.
The company has taken significant steps to enhance its customer service experience, including vertical integration of its value chain. Mottu has established its own assembly line, developed parts and services, and created advanced fleet management software solutions to streamline operations and improve service delivery. Furthermore, after consolidating its presence in Brazil, Mottu has also ventured into Mexico, with plans to expand beyond Latin America in 2025.
This expansion is driven by the demand for affordable mobility and supported by a significant $50 million Series C funding round in 2023, co-led by Bicycle Capital and QED Investors. This funding has fueled Mottu's profitability journey, enhancing operational excellence while adhering to its core mission.
As Mottu continues to grow, its primary focus remains on deepening its market presence and developing innovative programs that support gig workers, particularly in under-resourced communities. The journey reflects how a socially-conscious business model can lead to both economic prosperity and social advancement.
Mottu sets a powerful example in the gig economy by combining innovation, financial inclusion, and responsibility, aligning its growth objectives with a vision for a more equitable future. With its milestones in view, Mottu persists steadfastly in creating opportunities and empowering gig workers across Latin America and beyond.
Topics Consumer Products & Retail）
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