Bike Ocasión Gets €2.5M for Circular Mobility Expansion

Bike Ocasión, a prominent player in the European pre-owned bicycle market, has secured a significant €2.5 million loan from COFIDES, channeled through the Social Impact Fund (FIS). This financial injection is earmarked to accelerate the company's expansion and bolster its commitment to circular economy principles within the sustainable mobility sector.

The funding will enable Bike Ocasión to establish new refurbishment facilities in Madrid and broaden its retail footprint across Spain. The company aims to scale its operations to recondition up to 24,000 bicycles annually in the coming years, significantly increasing its capacity to give pre-owned bikes a new lease on life. This strategic move positions Bike Ocasión to further solidify its leadership in Spain and enhance its standing as a key European operator in the second-hand bicycle segment.

The investment underscores a growing trend towards sustainable consumption and the circular economy, particularly within the green mobility space. By facilitating the acquisition, refurbishment, and resale of bicycles, Bike Ocasión directly contributes to reducing carbon emissions. The company estimates that in 2025 alone, its operations prevented the emission of approximately 1,533 tons of CO₂, a figure derived from avoiding the manufacturing of new units, which can generate around 174 kg of CO₂ per bicycle. This initiative not only promotes environmental stewardship but also makes sustainable transportation more accessible and affordable to a wider audience.

Ángela Pérez, President and CEO of COFIDES, highlighted the strategic importance of the investment, stating, “Through the Social Impact Fund, we support projects that directly contribute to the transition towards a more sustainable production model. Bike Ocasión exemplifies how the circular economy can yield positive environmental impact through innovative business models.” This sentiment was echoed by Juan D. Carretero, Co-CEO of Bike Ocasión, who noted that the financing “will allow us to increase our capacity, expanding our facilities with another refurbishment center in Madrid, in addition to three new stores, the first of which will open in Alfafar (Valencia), enabling us to reach more customers across Spain.”

The Social Impact Fund (FIS), established by the Spanish government with resources from NextGenerationEU, is dedicated to strengthening the impact investment ecosystem. With an allocation of €400 million, the FIS supports financially sustainable projects that address pressing social and environmental challenges, while also aiming to attract additional private capital. The fund's backing of Bike Ocasión aligns with its mission to foster measurable positive social and environmental outcomes.

COFIDES, a state-owned commercial entity, manages state and third-party funds to promote Spanish economic internationalization, attract foreign investment, foster impact economy initiatives in Spain, and support development in its investment countries. Its shareholder structure includes the State, Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF-Banco de Desarrollo de América Latina, reflecting a broad base of support for its strategic objectives.