Mottu Celebrates Major Milestones in Motorcycle Rentals
Significant Milestones for Mottu
Mottu, the leading motorcycle rental company in Latin America, proudly celebrates two remarkable achievements: surpassing BRL 1 billion in revenues and deploying 100,000 active motorcycle rental contracts. These milestones represent not just numbers, but the dedication Mottu has to enhancing affordable mobility for gig workers across various urban environments.
Empowering Gig Workers
Founded in 2020, Mottu stands as a beacon for couriers who often struggle with access to traditional financing. By enabling them to rent motorcycles, Mottu facilitates sustainable income opportunities through food delivery and last-mile logistics. This landmark achievement signifies that over 330,000 individuals have escaped from financial hardships, thanks to Mottu’s support of affordable mobility.
Impact on Local Communities
With 96% of Mottu’s clients stemming from underserved neighborhoods, the company’s influence resonates deeply within the community. Many users report substantial improvements in their quality of life after renting a motorcycle, showcasing the profound impact of Mottu's services. Founder Rubens Zanelatto emphasizes that for many, a motorcycle represents the difference between joblessness and financial stability.
Innovative Rent-to-Own Program
In its mission to broaden its market, Mottu launched the 'Conquiste' rent-to-own initiative in 2024. This innovative program, offering a three-year plan for motorcycle ownership, aims to attract a wider commuter demographic. Through affordable monthly payments and options for both new and used motorcycles, Mottu continues expanding its social impact, aiding customers in reaching financial independence.
Building Value through Vertical Integration
Mottu’s dedication to its customers extends beyond rentals, as it has become vertically integrated within its supply chain. By establishing its own assembly line, it now provides parts, services, and even advanced fleet management software, enhancing operational efficiency and customer satisfaction.
Expansion Beyond Initial Markets
Having solidified its presence in Mexico alongside its home operations, Mottu is poised for further expansion beyond Latin America in the upcoming years. With over 4,000 employees driving these initiatives, they aim to meet the increasing demand for affordable mobility solutions globally.
Funding and Future Growth
Following the success of its $50 million Series C funding round in 2023, co-led by notable investors, Mottu has reached profitability. With a focus on operational excellence and a commitment to social impact, the company has successfully positioned itself as a leader in the urban mobility sector.
Looking Forward
The journey of Mottu serves as a prime example of how innovation can ignite economic and social advancement. As the company celebrates these milestones, it remains steadfast in its mission to establish better opportunities, promote financial inclusion, and foster a fairer future for gig workers across Latin America and beyond.
Frequently Asked Questions
What milestones did Mottu recently achieve?
Mottu surpassed BRL 1 billion in revenues and 100,000 active motorcycle rental contracts.
When was Mottu founded?
The company was founded in 2020.
What is the 'Conquiste' program offered by Mottu?
'Conquiste' is a rent-to-own plan that allows customers to own motorcycles over three years with affordable payments.
How has Mottu impacted its clients?
Many clients have reported improved quality of life, showcasing the positive impact of accessible mobility.
What are Mottu's plans for the future?
Mottu plans to expand beyond Latin America, focusing on enhancing mobility solutions and continuing to support gig workers.
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