TRIBBU Secures €2M To Transform Commuting In Spain And Reduce Carbon Emissions

The round was led by Iberdrola and Grupo Ruiz, each contributing €1 million, with legal support from Eleva Legal.

The investment comes as TRIBBU integrates Energy Savings Certificates (CAEs) into its platform, enabling drivers to earn €1 per passenger per trip, turning carpooling into a rewarding habit.

Paloma Martín, CEO and Co-founder of TRIBBU, stated: “We are proud to have the support of companies like Grupo Ruiz and Iberdrola, who bring us closer to fulfilling our vision. We will work to ensure that in cities, everyone moves as comfortably as in a car and at the cost of public transport, using every empty seat as an opportunity. Our goal is to bring people together and show that through smart collaboration, we all live better.”

TRIBBU’s strategic funding reflects a wider 2025 European trend, with mobility startups promoting shared, low-emission transport. Examples include Milan’s Wayla raising €1M for van-pooling, Maxi Mobility securing €1.2M to electrify taxis and Stockholm’s Standab collecting €3.6M for micromobility charging. TRIBBU stands out by monetising carpooling via Energy Savings Certificates (CAEs).

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Andrés Ruiz, CEO of Grupo Ruiz, noted: “Every day we waste our most valuable resource – time – stuck in traffic caused by thousands of cars with empty seats. With TRIBBU, we have the opportunity to solve this paradox today through more efficient, sustainable, and human mobility, where sharing means everyone wins.”

Founded in 2019 by four young entrepreneurs from Madrid, TRIBBU connects drivers and passengers with similar daily routes, serving both urban and interurban travel. Since launch, the platform has facilitated over 500,000 shared rides and is used by more than 100 organisations, including Iberostar, Mercedes-Benz, Schneider Electric, Universidad Complutense, and Universidad Francisco de Vitoria.

TRIBBU’s vision goes beyond Spain. It is already active in Portugal, Mexico, Colombia, Peru, Panama and Guatemala, with plans to expand further in Latin America, where limited public transport makes carpooling a key mobility solution.

The latest funding will focus on three areas: growing TRIBBU’s user base in Spain, enhancing the app and energy-saving certification system, and reaching underserved groups like university students, commuters on city outskirts, and those without reliable public transport.

By enabling drivers to earn through Energy Savings Certificates (CAEs) TRIBBU aims to cut carbon emissions while promoting a shift toward more communal and cost-effective commuting. The company’s ultimate goal is to make carpooling as routine as taking the bus.

Óscar Cantalejo, Head of Perseo at Iberdrola, said: “This investment forms part of our commitment to support the best startups like TRIBBU, combining our strengths with the brightest entrepreneurs to jointly accelerate the adoption of technologies that drive decarbonisation and electrification of the economy.”

Just as shared accommodation transformed hospitality, TRIBBU aims to make shared mobility a natural part of daily life.

About TRIBBU

TRIBBU, based in Madrid, connects drivers and passengers on similar routes, making commuting sustainable and cost-effective. The platform has facilitated over 500,000 rides across multiple countries and uses Energy Savings Certificates (CAEs) to monetise carpooling, encouraging shared travel, reducing carbon emissions, and promoting greener, more efficient daily mobility.