True Global Ventures Invests €2.84 Million in BUSUP

May 11, 2025
True Global Ventures has invested €2.84 million in BUSUP to support its global expansion, as announced in a press release.

True Global Ventures has invested €2.84 million (US$3.21 million) in BUSUP, a platform for corporate and school shared mobility, announced in a press release. This investment, made through TGV's Opportunity Fund (TGV5), follows an initial €1.1 million investment via TGV4.

BUSUP, which recorded a 57.5% year-over-year growth in 2024, manages over 700,000 monthly rides and is on track to reach €10 million in annual recurring revenues soon. The company aims for a budget of €48 million in gross merchandise value for 2025 and is nearing breakeven due to its scalable technology and disciplined operations.

The Americas have become a significant growth area for BUSUP, complementing its strong presence in Europe. The company offers cost-efficient, flexible, and sustainable transportation solutions tailored to large employers and institutions, significantly reducing environmental impact.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI Brief AI Brief (X)
Free newsletter

AI Funding Brief

AI Token Webinar

Market report

2025 Generative AI in Professional Services Report

Thomson Reuters

This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.