On September 15, 2023, Mottu, a Brazilian motorcycle rental company and last-mile delivery marketplace, announced it has raised $50 million in a Series C round of funding co-led by QED Investors and Bicycle Capital. Endeavor Catalyst and Caravela also participated in the round. The latest funding round has attracted world class investors, further enhancing Mottu's cap table that boasts notable names like Michael Moritz, Base Partners, and Tiger Global. Wilson Sonsini Goodrich and Rosati represented Mottu in the transaction.

Mottu will use the funds to continue expanding in Brazil and Mexico, achieving greater operational efficiency, and providing its customers with a better experience across all its products. Mottu's motorcycle rental business now serves around 50,000 customers, and it has evolved into a comprehensive last-mile logistics ecosystem connecting restaurants, retailers, and e-commerce businesses with delivery couriers. Now, the company is also entering the mobility market, focused on the large population of commuters in Brazil and Mexico who frequently rely on public transportation services with poor quality.

The Wilson Sonsini LatAm team that advised Mottu on the transaction includes:

Matt Squires
Vanessa Jacob Heck
Maurice Guttmann
Gabriela Menten

For more information, please see Mottu’s press release, or coverage by Bloomberg.