Jordi Cabañas, General Director of Moventia's public bicycle division CityBike, stated: "Sherpa's arrival in our company consolidates our international growth project and leaves us in an excellent position to implement a large number of shared bicycle systems in cities in Europe and Latin America".
Miquel Martí Pierre, Director of Expansion of Moventia, expressed: “It is a satisfaction for Moventia to have the opportunity to continue growing in one of our strategic divisions such as the public bicycle, now together with Sherpa Capital. This is an opportunity for the group to consolidate the work and the investment that we have been making over the last 10 years in the micro-mobility sector, which is key for any city and country that makes clear commitments to sustainable mobility that complement current models".
CityBike founded in 2014 as the micro-mobility division of the Moventia Group, one of the national leaders in the transport sector, by winning the operation of Helsinki's public bicycle system. Since then, CityBike has consolidated its position as one of the European references in this field, operating three other concessions in Finland and Peru.
CityBike stands out for its unique proposal in the European market as an independent bicycle-sharing operator, its excellent track record in the concessionaires it operates, as well as a net work of technological and commercial partners that allow it to offer a unique and adaptable solution to the mobility needs of cities. This value proposal is supported by an excellent team of people led by Mr. Jordi Cabañas, General Manager of the Company since its foundation and previously Director of the SmartBikes area of one of the historic leading companies in the bicycle-sharing segment.
- At a sectoral level, public and shared bicycles offer an environmentally friendly urban mobility alternative that makes it possible to reduce traffic congestion in cities. This interest in bicycle sharing has now been accentuated by the search for non-massive ecological mobility solutions and alternatives to traditional private and public transport derived from the COVID-19 situation. All of this, together with the attractiveness of the CityBike proposal, means that it has significant growth prospects.