Surve Mobility secures venture debt funding from BTG Bridge To Growth
“We are pleased to facilitate further growth with the backing of BTG. With BTG and its partner Redstone we also have another entrepreneurial and well-networked partner on our side,” said Christian Lang, CEO and founder.
The additional financing is expected to boost Surve Mobility’s market position in existing markets and subsequently enable the company to expand into new and strategically significant markets.
Surve Mobility counts approximately 450 employees and provides highly efficient and sustainable operations in the field of New Mobility by combining full service, intelligent software and innovative infrastructure solutions. Currently, Surve Mobility is active in 18 cities in four European countries. Clients include reputable shared mobility providers such as Sixt Share, ShareNow and VOI. Since its inception, the company has worked its way to market leadership in this segment.
“With Surve Mobility, we are delighted to be able to support a company in its further growth, which has already achieved market leadership in the field of intelligent shared mobility operations quickly, extremely well structured and very successfully, and which intends to further expand this position with our financing. Further growth will initially be targeted in existing markets,” says BTG Bridge To Growth Managing Director Götz Gleichmann.
Gleichmann adds, “The Economics have shown that Surve Mobility as a company is debt-ready and has thus reached another level of creditworthiness“.
Berlin-based fund BTG Bridge To Growth is one of the very few venture debt funds in Germany that provides financing of 1-5 million Euros and has been active since 2020. The fund works in close cooperation with Redstone.