Madrid-based carpooling platform TRIBBU, previously often known as Hoop Carpool, has raised over €2 million in a recent funding spherical to rework each day commutes in Spain by environment friendly, sustainable, and community-powered mobility.
The spherical led by Iberdrola and Grupo Ruiz, with authorized help from Eleva Authorized. Every of the 2 strategic traders contributed €1 million.
The funding marks a pivotal step ahead for TRIBBU, because it coincides with the mixing of Power Financial savings Certificates (CAEs) into the platform’s operations – a function that permits drivers to earn €1 per passenger per journey, basically turning carpooling right into a financially rewarding behavior.
Paloma Martín, CEO and Co-founder of TRIBBU, said: “We’re proud to have the help of firms like Grupo Ruiz and Iberdrola, who convey us nearer to fulfilling our imaginative and prescient. We are going to work to make sure that in cities, everybody strikes as comfortably as in a automotive and at the price of public transport, utilizing each empty seat as a possibility. Our aim is to convey folks collectively and present that by good collaboration, all of us dwell higher.” (Translated)
TRIBBU’s strategic funding aligns with a broader 2025 pattern throughout Europe, the place mobility startups are advancing shared, low-emission transport options.
Current examples embrace Milan-based Wayla securing over €1 million to develop its shared van-pooling service, Maxi Mobility elevating €1.2 million to affect Italy’s taxi fleets, and Stockholm’s Standab amassing €3.6 million to deploy pan-European micromobility charging infrastructure.
In contrast with these rounds, TRIBBU’s concentrate on monetising carpooling by Power Financial savings Certificates (CAEs) introduces a particular incentive-based method to shared commuting.
Andrés Ruiz, CEO of Grupo Ruiz, famous: “Every single day we waste our most precious useful resource – time – caught in site visitors attributable to hundreds of vehicles with empty seats. With TRIBBU, we have now the chance to resolve this paradox as we speak by extra environment friendly, sustainable, and human mobility, the place sharing means everybody wins.” (Translated)
Based in 2019 by 4 younger entrepreneurs from Madrid, TRIBBU connects drivers and passengers making comparable each day journeys, focusing on each city and interurban journey. Since its inception, the platform has enabled over 500,000 shared rides, and is already in use by greater than 100 organisations, together with Iberostar, Mercedes-Benz, Schneider Electrical, Universidad Complutense, and Universidad Francisco de Vitoria.
TRIBBU’s imaginative and prescient extends past Spain. The corporate is already energetic in Portugal, Mexico, Colombia, Peru, Panama, and Guatemala, and plans to proceed its worldwide growth – significantly in Latin American nations the place public transport infrastructure is commonly missing, making carpooling a vital mobility answer.
The funding shall be channelled into three key areas: increasing TRIBBU’s person base throughout Spain, additional creating its app and energy-saving certification system, and focusing on underserved person teams similar to college college students, commuters residing on the outskirts of cities, and people with out entry to sturdy public transport choices.
By enabling drivers to monetise shared journeys by CAEs, TRIBBU goals to not solely serving to cut back carbon emissions, but additionally incentivising a behavioural shift in the direction of extra communal and cost-effective commuting.
The startup’s broader ambition is to normalise carpooling to the extent that it turns into as widespread as boarding a bus.
Óscar Cantalejo, Head of Perseo at Iberdrola, mentioned: “This funding varieties a part of our dedication to help the most effective startups like TRIBBU, combining our strengths with the brightest entrepreneurs to collectively speed up the adoption of applied sciences that drive decarbonisation and electrification of the economic system.” (Translated)
Simply as shared lodging has revolutionised hospitality, TRIBBU might be the startup to make shared mobility second nature.
