Seaya Andromeda, a €300 million Pan-European local weather tech development capital fund, has acquired a majority stake (70%) in Zyclora/Bike Ocasión, Spain’s main refurbished bicycle omnichannel retailer and a significant participant within the European market. This acquisition goals to speed up the corporate’s development and broaden its presence in strategic European markets.
This funding aligns with Seaya Andromeda’s mission to foster development within the round economic system and sustainable mobility sectors. Since its basis in 2015, Zyclora has redefined the refurbished bike market by providing assured high quality and attracting a various clientele of biking lovers and professionals.
Zyclora co-CEOs Juan Carretero and Borja Mesonero-Romanos expressed their enthusiasm for the partnership: “We’re delighted to embark on this new chapter with Seaya Andromeda, a associate who absolutely aligns with our imaginative and prescient of creating biking extra accessible and sustainable. Their experience in round economic system enterprise fashions might be instrumental in driving our development and scaling our operations.”
Zyclora’s enterprise technique is constructed on three core pillars: distinctive worth, providing reductions of 30% to 70% in comparison with new bicycles; all kinds of over 1,000 distinctive bicycles in inventory; and assured reliability with a rigorous refurbishment course of carried out by a workforce of 25 skilled mechanics. A stable guarantee backs all merchandise to bolster the corporate’s dedication to high quality and buyer satisfaction.
These strengths have positioned Zyclora as a number one participant within the sector, with over 15,000 bicycles bought and anticipated revenues exceeding €13 million this yr. Past its robust foothold in Spain, below the identify Bike Ocasión the corporate operates in key European markets, together with France and Italy, with latest growth into Germany. With Seaya’s capital infusion and its confirmed experience in related enterprise fashions like Clicars, Zyclora goals to speed up its development into extra European markets, open new bodily shops — starting with a flagship location in Madrid in 2025 — advance its digitalisation technique, improve refurbishment capability, and broaden its product portfolio.
Carlos Fisch, Associate at Seaya Andromeda, commented: “At Andromeda, we’re dedicated to supporting companies that drive significant, constructive change. We see an amazing alternative for Zyclora to drive Europe’s transition to sustainable mobility by means of the round economic system. This transaction represents our first majority transaction inside this fund, highlighting our versatile mandate — with the ability to make investments by means of majority or minority stakes, major funding rounds, or secondaries.”
Borja Rosales, Principal at Seaya Andromeda, highlighted Zyclora’s development trajectory: “In recent times, Zyclora has emerged as one among Europe’s main bicycle re-commerce corporations, with a powerful presence in Spain, France, Germany, and Italy. We’re assured that, by means of this partnership, we are able to strengthen its market management and elevate it to a worldwide benchmark within the business.”
The deal additionally consists of the participation of Carlos Rivera, co-founder of Clicars, who will convey his experience in scaling round economic system companies to assist set up Zyclora as a number one participant out there.
