Madrid, May 6th, 2025
Seaya Andromeda, one of Europe’s leading growth and private equity
funds focused on technology, digitalization, and sustainability, has acquired a minority stake in Cuimo—the online platform for refurbished motorbike sales that is setting the pace for sustainable mobility in Spain.
This investment, close to eight million euros, is part of Seaya Andromeda’s strategy to expand its presence and strengthen its leadership in Spain’s tech-driven circular economy. Cuimo, founded by Jaime Álvarez, Alejandro de la Hoz, and Enrique Adrien, has quickly stood out for disrupting and scaling the second-hand motorbike market.
In less than two years, thanks to an innovative refurbishment process and a proprietary technology layer that delivers the best customer experience in the industry, Cuimo has grown from zero to €1.5 million in monthly sales—all while maintaining positive EBITDA from the start. This has positioned the company as a key player in Spain, the third-largest second- hand motorbike market in Europe.
With the capital injection and Seaya Andromeda’s experience in similar business
models—such as Clicars (sold to Stellantis in 2022) and Bike Ocasión—Cuimo plans to expand its geographic footprint in Spain, launch new business lines, and further optimize its commercial and refurbishment operations to maintain its highly rated customer service.
In the words of Cuimo’s founders, Enrique, Alejandro, and Jaime: «Having Seaya Andromeda as a new partner adds significant value to Cuimo. Their team’s experience with similar models like Clicars and Bike Ocasión shows they truly understand the business, the value proposition, the market, and the challenges and opportunities ahead. That, along with our shared ambition, makes them the ideal partner to take Cuimo to the next level and position it as a European leader in two-wheeled mobility.»
Carlos Fisch, Partner at Seaya Andromeda, commented: «This investment reinforces our commitment to backing companies that are transforming traditional sectors through technology, operational efficiency, and scalable business models. In less than two years, Cuimo has built an exceptional track record, developing a profitable and differentiated model in one of the most dynamic segments of mobility. Cuimo sits at the intersection of mobility and the circular economy—two strategic areas with huge growth potential.»
Borja Rosales, Principal at Seaya Andromeda, added: «Cuimo aligns perfectly with our investment thesis: leadership in a growing market, a clear and differentiated value proposition, and a solid, profitable growth trajectory supported by a robust in-house tech platform. We’re confident that, alongside the founding team, we’ll accelerate Cuimo’s consolidation as a European benchmark in the motorbike sector.»
This marks Seaya Andromeda’s fourth investment in the past nine months, following majority transactions in Bike Ocasión, Nax Solutions, and Baïa Food.
Throughout the process, Cuimo was advised by AV Law, while Seaya was advised by
Garrigues, EY, and ILV. Current investors—including Hugo Arévalo, Encomenda, and Lukkap—also reaffirmed their commitment to the company.
About Seaya Andromeda
With €300 million in assets under management, Seaya Andromeda is an SFDR Article 9 private equity fund that invests in minority and majority stakes in high-growth companies tackling global sustainability challenges. The fund focuses on Energy, Decarbonization, Circular Economy, Sustainable Food Value Chain, and Process Digitalization. Baïa marks Seaya Andromeda’s
ninth investment and its third majority stake in the past 12 months, following Bike Ocasión and Nax Solutions.
Seaya Andromeda is part of Seaya, a leading European investment platform with offices in Madrid, Barcelona, and London. Seaya launched its first fund in 2013 and currently manages over €650 million in assets.
Learn more at: seaya.vc/seaya-andromeda/
About Cüimo
Cuimo is a digital platform specializing in the online sale of refurbished second-hand motorbikes. Through a combination of technology, a strong focus on customer experience, and an innovative refurbishment process, the company has become a reference in the motorbike sector.
As one of the fastest-growing startups in Spain, Cuimo has gone from zero to over €1.5 million in monthly refurbished motorbike sales in less than two years, achieving profitability almost from day one.
With this investment, Cuimo aims to solidify its leadership in the market, open new sales points, and launch new business lines within the motorbike sector.
