PandaGo
PandaGo is a Madrid-based B2B sustainable mobility platform founded in 2021 that provides electric vehicle Fleet-as-a-Service solutions — bundled vehicle rental, SaaS fleet management software, and battery swap infrastructure — serving enterprise delivery fleets and individual gig riders across Spain with planned expansion to France and Italy.
- Company typePrivate
- Founded2021
- HeadquartersMadrid, Spain
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What PandaGo does
PandaGo, S.L. (formerly PANDA MOTOS, S.L.) is a Madrid-headquartered B2B sustainable mobility platform founded in 2021 that delivers electric vehicle Fleet-as-a-Service solutions to last-mile delivery operators in Spain. The company operates a dual-sided model: on the B2B side, it rents electric motorcycles, scooters, and light commercial EVs to enterprise fleet operators — including food delivery platforms (Glovo, Just Eat, Uber Eats, Telepizza, Taco Bell, KFC), parcel and logistics companies (UPS, Shargo, Aravinc, J&M), and installation/maintenance providers (Bureau, Plazy, Scoobic) — with all-inclusive contracts bundling insurance, maintenance, repairs, and a dedicated account management team. On the B2C side, PandaGo offers €254-299/month subscription plans for individual gig delivery riders using the Horwin EK1 electric motorcycle, including an optional €95/month battery swap add-on.
The company's technology stack combines a proprietary SaaS Fleet Management platform with physical EV and battery-swap infrastructure. The SaaS product comprises modules for Dashboard analytics, Hubs, Flota (Fleet), Tracks (route tracking), Incidencias (incident management), Usuarios (customer data), and Facturación (billing), offering real-time GPS visibility and automated incident workflows. Riders access a mobile app for battery exchanges, maintenance requests, and documentation. The deployed battery swap network spans 20+ intelligent cabinets enabling sub-1-minute battery exchanges for unlimited-range delivery shifts. PandaGo does not disclose proprietary AI/ML capabilities; automation appears operational rather than intelligence-driven.
Revenue is generated through subscription recurring streams (B2B fleet rentals, B2C rider subscriptions, SaaS licensing) plus usage-based battery swap fees. The company closed a €4.7M seed round in September 2022 led by Kibo Ventures with Big Sur Ventures and JME Ventures, and an additional approximately $2.7M round in July 2024 (investors undisclosed in available material). It has secured €597,650 in cumulative grants under Spain's MOVES Flotas II and III programs (EU NextGenerationEU co-funded), tied to €9.7M in electric vehicle investments. PandaGo claims 500+ subscribed riders, 200+ clients served, and 15,000 tonnes of CO2 emissions avoided in the last year, with planned geographic expansion into France and Italy.
PandaGo firmographics
Firmographics- Name
- PandaGo
- Legal name
- PandaGo, S.L.
- Website
- https://pandago.eco
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PandaGo is a Madrid-based B2B sustainable mobility platform founded in 2021 that provides electric vehicle Fleet-as-a-Service solutions — bundled vehicle rental, SaaS fleet management software, and battery swap infrastructure — serving enterprise delivery fleets and individual gig riders across Spain with planned expansion to France and Italy.
- Ownership category
- akta.pro rank
PandaGo industry classification
Industry- Product category
- Electric Mobility Services
- NAICS
- Automotive Equipment Rental and Leasing (5321)
- SIC
- Services-Auto Rental & Leasing (No Drivers) (7510)
- akta.pro primary industry
- Fleet Management Services (Lifecycle, Compliance, Safety, Driver Programs) (TLABAHAJ)
- akta.pro secondary industries
- EV Fleet Leasing & Fleet Management (EV-Focused) (THADANAI), Corporate & Employee Fleet Programs (THADAKAC), All-Inclusive Subscriptions (Insurance, Maintenance, Roadside, Registration) (THADACAE)
Keywords
Where PandaGo is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
PandaGo business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Technology or R&D, Infrastructure, Personnel, Marketing or Sales
Revenue model
- Fleet Vehicle Rental (B2B): Subscription-based renting of electric vehicles to fleet operators with all-inclusive pricing covering insurance, maintenance, repairs, and dedicated account management. Fleet-as-a-Service model provides guaranteed vehicle availability and operational support.
- Individual Rider Subscriptions: Monthly subscription plans (€254-299/month) for electric motorcycles targeting gig delivery workers. Includes insurance, maintenance, battery access, delivery box, USB port, and management app. Optional battery swap add-on at €95/month.
- Battery Swap Service: Usage-based battery exchange service enabling unlimited battery swaps at physical swap cabinets. Offered as an add-on to vehicle subscriptions at €95/month.
- SaaS Platform Licensing: Fleet management software platform offered to enterprise clients for independent fleet operations management, including dashboard, hubs, fleet tracking, incidents, and billing modules.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Monthly plan - flexible short-term subscription |
| Subscription | Multi-year contract | Quarterly plan - mid-term commitment with discount |
| Subscription | Multi-year contract | Semestral plan - best value with lowest monthly rate |
| Usage-based | Monthly | Battery Swap Unlimited Add-on |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
PandaGo product offering
Product offeringCore offering
PandaGo operates a Fleet-as-a-Service platform for last-mile delivery operators, bundling electric vehicle rental with an integrated SaaS fleet management system and battery swap infrastructure. Enterprise fleet customers receive all-inclusive subscriptions covering vehicles, multi-rider insurance, preventive maintenance, repairs at specialized workshops, and a dedicated management team, while individual delivery riders subscribe monthly to an electric motorcycle (Horwin EK1) that includes insurance, batteries, charger, delivery box, mobile app, and access to the battery swap network. A standalone SaaS fleet management platform with modules for dashboards, hubs, tracking, incidents, users, and billing is also offered to enterprise clients for independent fleet operations management.
Product overview
PandaGo operates as a multi-product electric mobility platform for delivery operations, consisting of a core SaaS fleet management platform with modular components (Dashboard, Hubs, Flota, Tracks, Incidencias, Usuarios, Facturación) paired with electric vehicle rental and subscription services. The offering includes Fleet-as-a-Service solutions for companies (combining vehicle renting with insurance, maintenance, and dedicated management support) and subscription plans for individual riders (offering the Horwin EK1 electric motorcycle with battery swap network access, insurance, maintenance, and a mobile app for vehicle management). The platform targets three main delivery verticals: Food Delivery, Parcel/Messenger Services, and Installation/Maintenance operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Fleet-as-a-Service (Flota como Servicio) Integrated electric fleet solution combining electric vehicle renting with all-inclusive services (multi-rider insurance, preventive maintenance, repairs at specialized workshops, and a dedicated management team) for enterprise delivery fleets. Targeted at food delivery platforms, logistics operators, and maintenance service providers.
- Electric Motorcycle Subscription for Riders Monthly subscription service for individual gig delivery riders providing an electric motorcycle (Horwin EK1) with 100L delivery box, all-inclusive coverage (multi-rider insurance, batteries, charger, preventive maintenance, USB port, management app), and access to the battery swap network. Pricing is tiered at €299/month (monthly), €271/month (quarterly), and €254/month (semestral), excluding VAT.
- Software de Gestión de Flotas (Fleet Management SaaS Platform) SaaS platform for centralized fleet management enabling real-time monitoring, GPS vehicle tracking, incident management, hub management, user management, and operational analytics for electric delivery fleets. Includes modules for Dashboard, Hubs, Flota, Tracks, Incidencias, Usuarios, and Facturación. Offered as a subscription-based software license to enterprise clients operating their own fleets.
- Battery Swap Service (Intercambio de Baterías) Network-based battery exchange service offering unlimited swaps at over 20 physical smart battery cabinets across Spain. Available as a €95/month add-on subscription to the rider motorcycle plan, enabling sub-1-minute battery exchanges for continuous delivery operations without charging downtime.
Quantifiable outcome
- Fleet availability increased by 97% for Glovo with the same fleet using PandaGo's Fleet-as-a-Service solution
- +3 more outcomes
Companies that use PandaGo
Customer profileNamed customers19 records
Segments4 records
Ideal customer profiles4 records
PandaGo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
PandaGo partnerships and signals
Strategic signalScale indicators9 records
Recent moves6 records
Expansion highlights6 records
PandaGo competitors and assessment
Company assessmentDirect peers
- Silence: Barcelona-based manufacturer of electric motorcycles (Silence S01) and operator of its own battery-swap network, with a growing B2B Fleet-as-a-Service offering for delivery fleets in Spain — directly overlapping PandaGo's customer profile and geographic market.
- Scoobic: Spanish OEM of electric last-mile delivery vehicles (vans, trikes, scooters) offering full fleet solutions including maintenance and insurance to delivery operators. Comparable product set and Spanish footprint; currently listed as a PandaGo partner.
- Cooltra: Barcelona-headquartered electric two-wheeler rental, leasing and sharing platform operating across Spain, Italy, France and Portugal with integrated battery-swap infrastructure. Closest direct peer given its European multi-country B2B e-moto subscription model.
- Yego: Barcelona-based e-mopeds operator offering subscription and shared-mobility services with proprietary battery-swap stations in several Spanish cities. Directly comparable in the rider-subscription and battery-swap dimensions.
Emerging players
- Swobbee: Berlin-headquartered operator of interoperable battery-swap stations for light electric vehicles across multiple European cities. Comparable in the battery-swap-as-a-service layer that PandaGo uses to power its rider subscriptions.
Broad incumbents
- NIU Technologies: Publicly listed global smart-electric-scooter manufacturer with proprietary battery-swap networks and B2B fleet programmes across Europe. Overlaps PandaGo on EV two-wheeler hardware plus swap infrastructure, but operates at far larger scale and broader geographies.
- Gogoro: Taiwan-headquartered leader in swappable-battery electric scooter technology with a dense battery-swap network and B2B fleet partnerships. Closest analogue globally for PandaGo's hardware-plus-swap-network-plus-SaaS combination, though at vastly greater scale.
- Geotab: Global telematics and fleet-management SaaS platform serving enterprise fleet operators. Comparable to PandaGo's Software de Gestión de Flotas (Dashboard, Hubs, Flota, Tracks, Incidencias, Facturación) modules but oriented toward combustion/ICE fleets rather than delivery-specific EV workflows.
- Samsara: US-listed provider of fleet management, telematics and IoT SaaS for physical operations. Comparable technology layer to PandaGo's SaaS platform, though much broader in scope and largely oriented toward traditional commercial fleets.
Regional players
- Revoolt: Spanish sustainable last-mile delivery operator and fleet customer of PandaGo. While primarily an end-customer/operator rather than a platform competitor, it represents the buyer profile PandaGo serves and a benchmark for fleet utilisation in the Spanish delivery vertical.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PandaGo social profiles
Digital presencePandaGo financial estimates
Financial estimateRevenue estimate
Valuation estimate
PandaGo leadership team
Management profileNumber of profiles
Profiles3 records
PandaGo funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PandaGo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PandaGo
What does PandaGo do?
PandaGo operates a Fleet-as-a-Service platform for last-mile delivery operators, bundling electric vehicle rental with an integrated SaaS fleet management system and battery swap infrastructure. Enterprise fleet customers receive all-inclusive subscriptions covering vehicles, multi-rider insurance, preventive maintenance, repairs at specialized workshops, and a dedicated management team, while individual delivery riders subscribe monthly to an electric motorcycle (Horwin EK1) that includes insurance, batteries, charger, delivery box, mobile app, and access to the battery swap network. A standalone SaaS fleet management platform with modules for dashboards, hubs, tracking, incidents, users, and billing is also offered to enterprise clients for independent fleet operations management.
Is PandaGo a public or private company?
PandaGo is a private company. It is classified as venture growth investor backed and is currently operating.
When was PandaGo founded?
PandaGo was founded in 2021. It employs 11 to 50 people.
Where is PandaGo based?
PandaGo is headquartered in Madrid, Spain, in the Europe region.
How does PandaGo make money?
Four revenue lines are on record. Fleet Vehicle Rental (B2B) is the primary driver. The others are individual Rider Subscriptions, battery Swap Service and saaS Platform Licensing.
Who are PandaGo's main competitors?
Direct peers on record are Silence, Scoobic, Cooltra and Yego. Swobbee is listed as an emerging player. Broad incumbents are NIU Technologies, Gogoro, Geotab and Samsara. Revoolt is listed as a regional player.
Does PandaGo have an API?
No public API is recorded for PandaGo.
What industry is PandaGo in?
PandaGo's product category is Electric Mobility Services. Its primary akta.pro industry code is TLABAHAJ, Fleet Management Services (Lifecycle, Compliance, Safety, Driver Programs), with a secondary code of THADANAI, EV Fleet Leasing & Fleet Management (EV-Focused). Its NAICS code is 5321 and its SIC code is 7510.