Pulpo closes a round of 8 million, to improve the efficiency of vehicle fleets

The Spanish startup Pulpo, specialized in mobility solutions for smart fleet management, has closed a round of financing of 8 million dollars, which has been led by the Mexican venture capital fund Nazca Ventures. Other international funds such as Femsa Ventures, Swanlaab, Mexico Ventures and Cracks Fund, as well as some business angels from the sector, have also participated in the operation.

This injection of capital will allow the company to continue expanding the functionalities of its platform to contemplate management aspects related to electric vehicles, sustainability and emission reduction, as well as reinforcing its commitment to artificial intelligence to predict vehicle incidents, reduce costs and optimize operations. To do this, its forecast is to hire more than 200 people over the next year to expand its engineering, product, sales and customer success areas in Spain and Latin America.

Mobility is undergoing a profound transformation process, and one of the main challenges for the sector is to reduce its CO2 emissions. For this reason, our main objective is to design operational solutions capable of reducing the carbon footprint of our clients and at the same time allowing them to save costs and management times. We want to provide them with tangible value at an economic and operational level while helping them transform their management at the pace of the industry”, holds Evaristo BabeCEO of Octopus.

The startup, founded in 2017 by Evaristo Babé, Javier Arambarri and Pablo Sosa, has developed an operating system that manages to make fleets more efficient, in addition to centralizing all the data generated by the vehicles and offering complete control over them, showing inefficiencies and alerts in real time that help its customers make agile decisions based on in data. Currently, large companies such as Repsol, DHL, Bureau Veritas, SGS or Cemex rely on its platform.

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Launch of the payment method PulpoPay

Another of the objectives to which part of the funding obtained will be allocated is the start-up of OctoPay, a means of payment specialized in vehicle fleets that will help companies control their total expenses, including fuel, travel expenses, maintenance, etc., by analyzing the data generated by their vehicles.

The new service will also allow fraud detection and reduction, and will include instant driver interaction capabilities to streamline approval processes. Its objective, in the words of Evaristo Babé, is “become the first means of payment that helps companies spend less and operate better”.

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