LimoLane raises €35 million to expand its premium mobility offering

Italian mobility company LimoLane raised 35 million euros.

Founded in 2021 by Fabio Nalucci and based in Milan, LimoLane offers premium mobility solutions for businesses, focusing on the industrial, fashion, travel, tourism, hospitality and financial services sectors.

Its application automates B2B mobility requests by integrating directly into customer workflows.

It serves more than 50 countries and 500 cities around the world, with more than 6,000 carpooling operators.

The company’s revenue exceeded EUR 8 million in 2022, EUR 16.5 million in 2023 and is expected to reach EUR 34 million in 2024, with a relative EBITDA margin of over 30%.

The financing was completed through Cherry Bay Capital Investment Club Spa, in collaboration with FG2 Capital and various private investors and entrepreneurial families.

Fabio Nalucci, President of LimoLane, shared:

“This fundraising demonstrates the possibility of achieving digital innovation in traditional sectors by combining industry and finance to create a global champion in a sector that is still very local.”

Mattia Rossi, Founding Partner of Cherry Bay Capital Group, said:

“We consider LimoLane as one of the most promising expansion operations in the small and mid-cap private equity sector and Fabio Nalucci as a leading figure in Italy in the field of digital transition.”

The funding will help LimoLane continue its expansion in Europe by increasing investments and intensifying collaborations with the events industry.

Main image: LimoLane. Photo: uncredited.

–