COFIDES has granted a €2.5 million loan through the Social Impact Fund (FIS) to Bike Ocasión, a company specializing in the purchase, refurbishment, and resale of second-hand bicycles, with the aim of promoting the circular economy and supporting the ecological transition.
The financing will enable the company to expand its operational capacity through new refurbishment facilities in Madrid and additional retail outlets across Spain, with the goal of reaching up to 24,000 refurbished bicycles per year over the coming years.
Bike Ocasión has established itself as the leading company in Spain’s second-hand bicycle market and is one of the main operators in Europe. Its business model is based on acquiring, refurbishing, and reselling bicycles through both digital and physical sales channels, offering high-quality products at prices significantly lower than those of new bicycles.
Strengthening the Circular Economy
By supporting Bike Ocasión’s growth, the Social Impact Fund contributes to reducing emissions by encouraging bicycle reuse and avoiding the production of new units—a resource-intensive process that can generate approximately 174 kilograms of CO₂ per bicycle. According to the company’s estimates, its activity prevented the emission of 1,533 tonnes of CO₂ in 2025.
The financing also promotes access to more sustainable and affordable mobility by increasing the number of users who can choose bicycles as a means of transportation while encouraging a more efficient use of resources.
Ángela Pérez, Chairwoman and CEO of COFIDES, stated: “Through the Social Impact Fund, we support projects that contribute directly to the transition toward a more sustainable productive model. Bike Ocasión is a clear example of how the circular economy can generate positive environmental impact through innovative business models.”
Juan D. Carretero, Co-CEO of Bike Ocasión, added: “COFIDES’ financing will allow us to increase our capacity by expanding our facilities, adding another refurbishment center in Madrid, as well as opening three new stores, the first of which will be located in Alfafar (Valencia), enabling us to reach even more customers throughout Spain.”
About the Social Impact Fund
The Social Impact Fund (FIS) was created by the Spanish Government through the addendum to the Recovery, Transformation and Resilience Plan (PRTR) and is financed with resources from the NextGenerationEU instrument.
Attached to the Ministry of Inclusion, Social Security and Migration, the fund is a public financial instrument designed to strengthen Spain’s impact investment ecosystem by supporting projects carried out by companies and other organizations that generate measurable positive social and environmental impact.
The fund is endowed with €400 million and provides financial support to projects that are financially sustainable and help address social and environmental challenges that remain insufficiently served, while also encouraging the mobilization of additional private capital.
About Bike Ocasión
Headquartered in Terrassa, near Barcelona, Bike Ocasión was founded in 2015 and specializes in the purchase, refurbishment, and resale of second-hand bicycles. Its business model is rooted in the principles of the circular economy, acquiring used bicycles, thoroughly inspecting and refurbishing them, and then commercializing them through online channels and physical stores.
With a catalogue of more than 2,000 bicycles and a strong customer-focused approach, Bike Ocasión helps extend product life cycles, reduce waste, and promote more sustainable mobility solutions.
About COFIDES
COFIDES is a Spanish state-owned financial institution that manages public financial instruments as well as its own resources and those of third-party institutions. Its objectives include supporting the internationalization of the Spanish economy, attracting foreign investment into strategic sectors in Spain, promoting impact investing, and contributing to the development of the countries in which it invests.
In addition to the Spanish State, which holds a majority stake, its shareholders include Banco Santander, BBVA, Banco Sabadell, and CAF – Development Bank of Latin America and the Caribbean.
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