- Mothium designs and manufactures commercial and industrial electric vehicles built on its own patented technology. Its software runs fleet management and after-sales with AI agents. Its team took part in creating EN 17860, the European standard for cargo bikes, and its eCargoBike, the platform's first use case, is certified to it.
- The round includes Impacto Andalucía Innovación y Desarrollo SICC, S.A.U., a fund managed by Arcano Partners and one of the funds selected by the European Investment Bank to deploy the Andalucía I+D+i y Digital financial instrument, and Fundalogy, an investor specialised in impact-driven tech startups.
- The funds will go towards scaling its platform of vehicles and AI agents and taking it to new use cases.
Seville, 8 October 2026. Mothium, the Seville-based engineering company that designs and manufactures commercial and industrial electric vehicles, has closed a €1 million funding round to grow its technology platform. The round is backed by Impacto Andalucía Innovación y Desarrollo SICC, S.A.U. and Fundalogy. Impacto Andalucía Innovación y Desarrollo SICC, S.A.U. is managed by Arcano Partners and is one of the funds selected by the European Investment Bank to deploy the Andalucía I+D+i y Digital financial instrument, funded by the ERDF programme and the Regional Government of Andalusia.
Mothium: the platform that makes commercial and industrial electric vehicles cheaper to run
Mothium's goal is to cut the total cost of running a fleet on both fronts: the vehicle and its management. Its vehicle carries its own patented technology, designed to make it cheaper to operate and maintain. The eCargoBike is the first use case; Mothium intends to take the platform to others.
Its operating system for professional fleets brings together fleet management and after-sales agents that cut management time and raise productivity.
Mothium works with a leading industrial partner: UNEI, a leading social enterprise in Andalusia that secures the scale-up of series production from its operations hub in Seville.
One obsession: lowering the total cost of operation
Sergio González, CEO of Mothium, said: "Our obsession is making a commercial electric vehicle cost our customers less to run, both the vehicle itself and its management. We cover both parts of the cost and, as a result, help decarbonise transport. The eCargoBike is our first use case; what we are scaling is the platform we have already validated. Today our agents manage the fleet and after-sales; in the future we want our vehicles to carry out missions in the tasks nobody wants to do or that involve risk."
Javier de Pro, Managing Director of Fundalogy, said: "Mothium is developing technology that already simplifies fleet management and aims to reduce hazardous work while helping to decarbonise mobility. That is the impact we look for at Fundalogy, with technology made in Andalusia. We want to stay by its side in the next stages of its growth."
Cristina Reina, Managing Director Real Estate & Public Funds at Arcano Partners' Asset Management Division, said: "At Arcano Partners we have built a platform specialised in managing public funds, with a team experienced in mobilising European and regional resources through market-based financial instruments. Through the Impacto Andalucía Innovación y Desarrollo SICC vehicle, we strengthen our commitment to supporting innovative companies, ensuring that public capital is channelled efficiently alongside private capital."
About Mothium
Mothium S.L. is a Spanish engineering company based in Seville that designs and manufactures commercial and industrial electric vehicles with its own patented technology, along with the AI-agent software that runs their operation. Its eCargoBike, the platform's first use case, is certified to the European standard EN 17860 and has an industrial agreement with UNEI for series production in Seville. Its agent system already manages its customers' fleets and after-sales, and lays the groundwork for the missions Mothium wants its vehicles to carry out. Mothium is a member of the European committee CEN/TC 333 and takes part in the UNE standardisation committees that define the mobility standard. It is recognised by ENISA, Spain's National Innovation Company, as an innovative emerging company under Spanish Law 28/2022. More at mothium.com.
About Fundalogy
Fundalogy is the tech-startup investment firm backed by Fundación Unicaja. It invests in innovative companies with the capacity to scale and supports them with capital, experience and strategic vision at every stage of their growth. Since 2018 it has backed 28 business projects in Andalusia and Ciudad Real.
About Arcano Partners
Founded in 2003, Arcano Partners is an independent global firm with more than 20 years of experience in financial advisory and asset management internationally. Arcano currently has four business areas:
- Asset Management, with more than €15 billion managed and advised since it began operating in 2006, across six asset classes: Private Equity, Credit Strategies, Real Estate, Sustainable Infrastructure, Venture Capital and Aviation Finance. Arcano has a strong focus on sustainability and responsible investment and is one of the leading ESG asset managers.
- Investment Banking, advising companies across sectors on M&A, refinancing, restructuring and capital markets transactions, with sector-specialised teams and a cross-cutting technology and digital focus.
- Strategic Analysis and Advisory, providing differentiated economic, real estate and market analysis, as well as geopolitical and technology analysis of local and global trends. This analysis helps companies make better decisions, especially in highly uncertain environments where mistakes have deep impacts that quality analysis can mitigate.
- Asset Finance, an area that allows investors to take part in creating financing solutions for real or intangible assets in Spain.
Arcano has a team of more than 250 professionals of over 20 nationalities, with 7 offices in Europe and the United States, and has become one of Europe's leading independent private-markets firms.