In the bustling streets of Madrid, a digital revolution on two wheels is picking up speed. Cüimo, a trailblazing online marketplace for motorcycles, is changing the game in Spain’s motorbike industry. Recently, they’ve fueled their journey with a hefty €900k investment, marking a significant milestone in their quest to dominate the online space for second-hand motorcycles.
Picture this: a seamless digital platform where buying and selling motorcycles is as easy as a few clicks. That’s the dream Cüimo is turning into reality. By moving the entire process online, they’re not just simplifying transactions but also smashing geographical barriers. Whether you’re in Barcelona or Seville, a perfect ride is now just a click away.
This recent cash injection, led by the Encomenda investment fund, is more than just money in the bank. It’s a vote of confidence from industry leaders like Carlos Rivera of Clicars and Hugo Arévalo of ThePower Business School, not to mention a band of Seed Rocket investors. With additional support from ENISA and legal eagles like Antón Vieito of AV law, Cüimo is well on its way to redefining the motorcycle market.
The company’s vision? A 100% digital experience that’s transparent, efficient, and completely hassle-free. And they’re not just talking big – they’re delivering. With their “Cüimo Prime” service, you can get a reconditioned bike delivered to your doorstep in just 72 hours. Talk about fast service!
Alejandro de la Hoz, Cüimo’s co-founder, and CEO is understandably thrilled. With this expert backing, they’re gearing up to become the top destination for all things motorcycles in Spain. And the numbers speak for themselves – a whopping 25% growth month-on-month since March 2023, and a projection of €12 million in turnover by 2024.
But why is Cüimo a game-changer? Here’s the thing – the Spanish motorcycle market has been stuck in the old ways for too long. Traditional, localized, and filled with distrust. Cüimo’s digital solution is a breath of fresh air, offering a trustworthy, nationwide platform for buyers and sellers.
The brains behind this venture, Jaime Álvarez, Enrique Adrién, and Alejandro de la Hoz, were inspired by their own frustrating experiences in the second-hand motorcycle market. They envisioned a platform where you could snag a bike from anywhere in Spain and have it delivered, inspected, and paper-ready at your doorstep within a week.
Here’s how it works: You pick a bike on Cüimo’s platform, and they take care of the rest. They inspect the bike, handle all the legal paperwork, and even use DGT software for online document signing. The best part? They hold the payment in escrow until the deal is done, ensuring a safe and secure transaction for everyone involved.
Cüimo’s innovative approach extends to financing too. With installment payment options, dream bikes are no longer just a dream for many Spaniards. It’s a win-win – easier payments for buyers and a broader market for sellers.
In summary, Cüimo is not just selling motorcycles; they’re revamping an entire industry. They’re proving that with the right blend of technology and customer-centric services, even the most traditional markets can be transformed. As they race ahead, keep an eye on this Madrid-based startup. They’re not just selling bikes; they’re leading a digital revolution on two wheels.
