True Global Ventures Invests €2.84 Million in BUSUP

True Global Ventures has invested €2.84 million in BUSUP to support its global expansion, as announced in a press release.

True Global Ventures has invested €2.84 million (US$3.21 million) in BUSUP, a platform for corporate and school shared mobility, announced in a press release. This investment, made through TGV's Opportunity Fund (TGV5), follows an initial €1.1 million investment via TGV4.

BUSUP, which recorded a 57.5% year-over-year growth in 2024, manages over 700,000 monthly rides and is on track to reach €10 million in annual recurring revenues soon. The company aims for a budget of €48 million in gross merchandise value for 2025 and is nearing breakeven due to its scalable technology and disciplined operations.

The Americas have become a significant growth area for BUSUP, complementing its strong presence in Europe. The company offers cost-efficient, flexible, and sustainable transportation solutions tailored to large employers and institutions, significantly reducing environmental impact.

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