Seaya Andromeda acquires a significant stake in Cuimo

Seaya Andromeda, one of Europe’s largest growth and private equity funds with a focus on technology, digitalisation, and sustainability, has acquired a minority stake in Cuimo, the online platform for refurbished motorcycles that is redefining sustainable mobility in Spain.

This investment, valued at approximately €8 million, is part of Seaya Andromeda’s strategic plan to expand its footprint and consolidate its leadership in the circular economy tech sector in Spain. Founded by Jaime Álvarez, Alejandro de la Hoz and Enrique Adrien, Cuimo has quickly emerged as a disruptor in the second-hand motorcycle market thanks to its ability to scale rapidly while maintaining profitability.

In less than two years, leveraging a unique refurbishment process and a proprietary technological layer designed to deliver the sector’s best customer experience, Cuimo has grown from zero to €1.5 million in monthly sales while sustaining a positive EBITDA from the outset. Today, it stands as a benchmark in Spain, the third-largest second-hand motorcycle market in Europe.

Backed by Seaya Andromeda’s capital injection and proven expertise in analogous business models—such as Clicars (acquired by Stellantis in 2022) and Bike Ocasión—Cuimo aims to expand its geographic presence in Spain, launch new business lines, and further optimise both its commercial operations and refurbishment processes to enhance its high-value customer service.

Commenting on the partnership, Cuimo’s co-founders Enrique, Alejandro, and Jaime stated: “Having Seaya Andromeda join us as a strategic partner brings substantial added value to Cuimo. Their team’s expertise and track record with similar models like Clicars and Bike Ocasión demonstrate a deep understanding of our business, value proposition, and market dynamics. This shared ambition makes them the ideal partner to help elevate Cuimo to the next level and position us as a European leader in the two-wheeler space.”

Carlos Fisch, Partner at Seaya Andromeda, added: “Our investment in Cuimo underscores our commitment to backing companies that transform traditional sectors through technology, operational efficiency, and scalable business models. In less than two years, Cuimo has built a standout, profitable model in one of the most dynamic segments of the mobility sector. The company operates at the intersection of mobility and the circular economy—two strategic verticals with immense growth potential.”

Borja Rosales, Principal at Seaya Andromeda, remarked: “Cuimo aligns perfectly with our investment thesis: leadership in a growing market, a distinctive value proposition, and a solid, profitable growth trajectory enabled by a robust in-house technology platform. We are confident that, in collaboration with the founding team, we will accelerate Cuimo’s path to becoming a European reference in the motorcycle sector.”

This marks Seaya Andromeda’s fourth investment in the past nine months, following majority stakes in Bike Ocasión, Nax Solutions, and Baïa Food.

Cuimo was advised by AV Law, while Seaya was advised by Garrigues, EY, and ILV. Existing shareholders including Hugo Arévalo, Encomenda, and Lukkap have also reinforced their commitment to the company.

About Seaya Andromeda

With €300 million in assets under management, Seaya Andromeda is an Article 9 SFDR private equity fund focused on acquiring minority or majority stakes in high-growth companies addressing global sustainability challenges. The fund targets investments across Energy, Decarbonisation, Circular Economy, Sustainable Food Value Chain, and Process Digitalisation. Cuimo represents the fund’s tenth investment.

Seaya Andromeda is part of Seaya, a leading European private capital platform with offices in Madrid, Barcelona, and London. Since launching its first fund in 2013, Seaya has grown to manage over €650 million in assets under management.

About Cuimo

Cuimo is a digital platform specialised in the online sale of refurbished second-hand motorcycles. Through its proprietary technology, customer-centric approach, and innovative refurbishment model, Cuimo has become a key player in the motorcycle sector. Within just two years, the company has scaled from zero to over €1.5 million in monthly sales while achieving profitability almost from inception.

With this new investment, Cuimo seeks to consolidate its market leadership, open new points of sale, and launch additional business lines within the motorcycle industry.

Image: From left to right: Jaime Alvarez, Enrique Adrién and Alejandro de la Hoz, Founders of Cuimo