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Pulpo, a Spanish startup specializing in mobility solutions for fleet management, has closed a $8 million round (about €8.13 million). The operation was led by the Mexican venture capital fund Nazca Ventures and has counted on the participation of other international funds such as Femsa Ventures, Swanlaab, México Ventures and Cracks Fun, together with several sector business angels.

What is Pulpo

Founded in 2016 as Pulpomatic by entrepreneurs Evaristo Babé, Javier Arambarri and Pablo Sosa, Pulpo has developed an operating system that, according to the company, is able to optimize fleet management and centralize all information generated by vehicles. Thanks to its platform, you can have complete control of the fleet, which shows inefficiencies and alerts in real time and helps customers make agile strategic decisions, based on reliable data.

The injection of capital will be used by the company to continue expanding the functions offered by its platform to contemplate management aspects related to electric vehicles, sustainability and emissions reduction, in addition to strengthening its commitment to artificial intelligence to prevent incidents in vehicles, reduce expenses and optimize operations.

To achieve this goal, Pulpo plans to expand its workforce by hiring more than 200 people during 2023 and thus expanding engineering, product, sales and customer success (the latter is a complementary customer service department) in Spain and Latin America.

“Mobility is undergoing a profound transformation process, and one of the main challenges facing the sector is to reduce its CO2 emissions. Our main objective is therefore to design operational solutions that are able to reduce our customers’ carbon footprint while also saving them time and management costs. We want to provide them with tangible value at an economic and operational level while helping them transform their management at the pace of the industry,” says Evaristo Babé, CEO of Pulpo.

Pulpo currently has a presence in 14 countries, including Spain, and its clients include companies such as Repsol, DHL, Cemex or MercadoLibre. Among its investors, we can mention Wayra, CDTI and Tinello, a Colombian investment fund.

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