Seaya Andromeda acquisition news – Seaya Andromeda Acquired Majority Stake in Bike Ocasion

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The goal of Seaya Andromeda is to promote growth in the sustainable mobility and circular economy sectors, which is in line with this investment. Since its founding in 2015, Zyclora has revolutionized the market for reconditioned bikes by luring a wide range of cycling enthusiasts and pros with its assured quality.

Zyclora co-CEOs Juan Carretero and Borja Mesonero-Romanos expressed their enthusiasm for the partnership: “We are delighted to embark on this new chapter with Seaya Andromeda, a partner who fully aligns with our vision of making cycling more accessible and sustainable. Their expertise in circular economy business models will be instrumental in driving our growth and scaling our operations.”

Three main pillars support Zyclora's business strategy: outstanding value, with discounts of 30% to 70% off new bicycles; a large selection of over 1,000 unique bicycles in stock; and guaranteed reliability thanks to a meticulous refurbishment process completed by a team of 25 skilled mechanics. Every product is backed by a strong warranty, which demonstrates the company's dedication to both client pleasure and high quality.

Zyclora has become a dominant force in the industry thanks to these advantages; this year, they aim to sell over 15,000 bicycles and make over €13 million in revenue. In addition to its substantial presence in Spain, the company operates in important European areas such as France and Italy under the moniker Bike Ocasión, and it has just expanded into Germany.

Zyclora hopes to accelerate its growth into more European markets, open new physical stores (with a flagship location in Madrid set for 2025), advance its digitalization strategy, improve refurbishment capacity, and expand its product portfolio with the help of Seaya's capital infusion and its demonstrated expertise in similar business models like Clicars.

Carlos Fisch, Partner at Seaya Andromeda, commented: “At Andromeda, we are committed to supporting businesses that drive meaningful, positive change. We see a tremendous opportunity for Zyclora to drive Europe’s transition to sustainable mobility through the circular economy. This transaction represents our first majority transaction within this fund, highlighting our flexible mandate — being able to invest through majority or minority stakes, primary funding rounds, or secondaries.”

Borja Rosales, Principal at Seaya Andromeda, highlighted Zyclora’s growth trajectory: “In recent years, Zyclora has emerged as one of Europe’s leading bicycle re-commerce companies, with a strong presence in Spain, France, Germany, and Italy. We are confident that, through this partnership, we can strengthen its market leadership and elevate it to a global benchmark in the industry.”B

Carlos Rivera, co-founder of Clicars, is also a part of the acquisition. He will contribute his experience scaling circular economy enterprises to assist Zyclora become a dominant force in the industry.

About Seaya Andromeda

Established in 2013, Seaya presently oversees more than €650 million distributed across five seed-stage entrepreneurial funds. Utilizing the founder's strategic vision, Seaya helps startups grow faster by offering them access to its global platform, vast network of investors, founders, and multinational companies, as well as its wealth of experience in the international expansion of businesses like Glovo, Cabify, Wallbox (NYSE:WBX), Spotahome, Clarity AI, Clicars, Alma, and RatedPower.