COFIDES invests 2,5 million in Bike Ocasión to lead circular mobility in Spain

Circular Economy

COFIDES, through its Social Impact Fund, has granted a €2,5 million loan to Bike Ocasión. The financing aims to expand the company's bicycle refurbishment capacity to 24.000 units per year, thereby strengthening the circular economy in the sustainable mobility sector.

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Strategic financing for a leader in sustainable mobility

The state company COFIDES has formalized the granting of a loan of 2,5 millones de euros a Bike Ocasión, a leading company in the market for buying, selling, and refurbishing second-hand bicycles. The operation, structured through the Fondo de Impacto Social (FIS)Its main objective is to drive the company's expansion and consolidate a business model based on circular economy and the ecological transition.

Thanks to this capital injection, Bike Ocasión It will be able to undertake an ambitious expansion of its operational capacity. The plan includes the opening of new refurbishment facilities in Madrid and the opening of more points of sale in EspañaThe goal is to reach a volume of up to 24.000 refurbished bicycles per year in the coming years, which would position the company not only as a national leader, but as one of the main operators at the European level.

Environmental impact and strengthening the circular economy

The backing of Fondo de Impacto Social a Bike Ocasión It goes beyond financial support. It underscores a commitment to emissions reduction and efficient resource management. By promoting the reuse of bicycles, the manufacture of new units is avoided, an industrial process that, according to the company's calculations, generates approximately 174 kg of CO₂ per bicycle. In 2025, the activity of Bike Ocasión already prevented the broadcast of 1.533 tons of CO₂.

"through the Fondo de Impacto Social "We support projects that contribute directly to the transition towards a more sustainable production model," he stated. Ángela Pérez, President and CEO of COFIDES"The case of Bike Ocasión It illustrates how the circular economy can generate a positive environmental impact with innovative business models."

For its part, Juan D. CarreteroCo-CEO of Bike Ocasión, has detailed the expansion plans: «The financing of COFIDES This will allow us to increase our capacity by expanding our facilities with another refurbishment center in Madrid, in addition to three new stores, the first of which is in Alfafar (Valencia) to continue reaching more customers in España».

Key details of the financing operation.

Concept	Date
Financing entity	COFIDES (through the FIS)
Beneficiary Company	Bike Ocasión
Loan Amount	2,5 millones de euros
Capability Objective	24.000 refurbished bicycles/year
Environmental Impact (2025)	1.533 tons of CO₂ avoided

The role of the Social Impact Fund (FIS)

El Fondo de Impacto Social (FIS) It is a public financial instrument of 400 million euros, created by the Gobierno within the framework of the addendum of Plan de Recuperación, Transformación y Resiliencia (PRTR) and endowed with resources from the program NextGenerationEUAttached to Ministerio de Inclusión, Seguridad Social y MigracionesIts mission is to strengthen the impact ecosystem in España through support for investment projects that, in addition to being financially sustainable, generate a positive and measurable social or environmental impact.

For its part, COFIDES It acts as manager of these and other state funds. Its shareholders, with the state holding a majority stake, include entities such as the Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell y CAF-Banco de Desarrollo de América LatinaThis strengthens its ability to mobilize resources for internationalization and impact economics.

Key points and frequently asked questions about impact finance and the circular economy

How can a Spanish SME access financing from the Social Impact Fund (FIS)?

To access the FISA company must present an investment project that is not only financially sustainable, but also generates a positive and measurable social and/or environmental impact. The fund seeks to address underserved challenges and promote the mobilization of additional private resources, acting as a catalyst for the impact ecosystem in España.

What real impact does bicycle refurbishment have on sustainability?

Refurbishment extends the lifespan of products and reduces the need to manufacture new units. This process is resource- and energy-intensive, generating approximately 174 kg of CO₂ per bicycle. The business model of Bike Ocasión It not only avoids these emissions, but also reduces waste generation and facilitates access to affordable and sustainable mobility for a greater number of users.

Is the circular economy business model a growing trend in European markets?

Yes, the circular economy is a strategic macro-trend in the Unión EuropeaDriven by both regulation (the European Green Deal) and consumer demand, as well as the need for companies to optimize resources. Models such as Bike OcasiónFocused on reuse, repair and refurbishment, they gain market share by offering a competitive value proposition aligned with sustainability goals (ESG).