PandaGo

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.

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

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

• Electric fleet management
• Battery swap infrastructure
• Delivery vehicle rental
• Fleet management software
• Sustainable last-mile delivery

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Technology or R&D, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core 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

Named customers19 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct 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

• Facebookfacebook.com/pandago.eco
• LinkedInes.linkedin.com/company/pandago
• Instagraminstagram.com/pandago.eco

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PandaGo