Mottu Surpasses 100,000 Rented Motorcycles And BRL 1 Billion In Revenues, Empowering Gig Workers Across 100 Cities In Brazil And Mexico

(MENAFN- PR Newswire) Founded in 2020, Mottu has become a lifeline for couriers who lack access to credit, enabling them to rent motorcycles and earn a sustainable income through food delivery, e-Commerce and mobility last-mile platforms. The milestone represents 330,000 individuals breaking free from financial exclusion and building better lives, considering the average household size. Achieving BRL 1 billion in revenues underscores the scalability of Mottu's socially driven model, which combines profitability with profound impact for those at the base of the economic pyramid. Ninety-six percent of Mottu's clients live in very disadvantaged neighborhoods, and the vast majority have stated that their lives improved after renting a motorcycle with Mottu.

"Mottu exists to serve the unserved," said Rubens Zanelatto, founder of Mottu. "For many of our customers, access to a motorcycle is the difference between unemployment and a sustainable livelihood. Hitting BRL 1 billion in revenues and 100,000 motorcycles isn't just about growth-it's about the countless lives we've impacted by providing access to affordable mobility at the bottom of the pyramid, primarily for couriers, but with potential to serve commuters in the future."

In 2024, Mottu expanded its addressable market with the launch of the 'Conquiste' rent-to-own plan, designed to target the broader commuter segment. This innovative program offers a 3-year rent-to-own option with monthly payments, allowing customers to access new or used motorcycles under affordable conditions. These features have made motorcycle ownership more accessible, further amplifying Mottu's social impact by empowering a wider audience to achieve financial independence through mobility.

To create more value for their customers at the base of the pyramid, Mottu has verticalized the value chain all the way from building their own assembly line, providing parts and services, and developing advanced fleet management software solutions.

In addition to their home country, Mottu also established robust presence in Mexico and plan to expand beyond Latin America in 2025, rolling out the streamlined processes built from the company's +4,000 employees. These initiatives will enhance Mottu's ability to serve the growing demand for affordable mobility across the globe.

Operating in 100 cities across Brazil and Mexico, Mottu continues to build on the momentum of its $50 million Series C funding round in 2023, co-led by Bicycle Capital and QED Investors, which enabled Mottu to become profitable. The company's focus on operational excellence and social impact has positioned it as a leader in urban mobility. Looking ahead, Mottu aims to deepen its footprint, expand programs for the mobility segment, and further support gig workers in underserved communities.

Mottu's journey exemplifies how innovation can drive both economic growth and social progress. As it celebrates these milestones, Mottu remains dedicated to its mission of creating opportunity, fostering financial inclusion, and building a more equitable future for Latin America's gig workers and beyond.

SOURCE Mottu

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