Seaya Andromeda acquires majority stake in Zyclora, Spain's top refurbished bicycle retailer

Seaya Andromeda, a €300M Pan-European climatetech growth capital fund, has acquired a majority stake in Zyclora/ Bike Ocasión, Spain’s leading refurbished bicycle omnichannel retailer and a major player in the European market. This acquisition aims to accelerate the company’s growth and broaden its presence in strategic European markets. 

Beyond its strong foothold in Spain, the company, under the name Bike Ocasión, operates in key European markets, including France and Italy, with recent expansion into Germany. 

Zyclora / Bike Ocasión has facilitated the purchase of bicycles for more than 25,000 customers, with over 15,000 refurbished bicycles sold and expected revenues exceeding €13 million this year.

Zyclora’s business strategy is built on three core pillars:

• Exceptional value, offering discounts of 30 per cent to 70 per cent compared to new bicycles.
• A wide variety of over 1,000 unique bicycles in stock.
• Guaranteed reliability with a rigorous refurbishment process carried out by a team of 25 professional mechanics.

With Seaya’s capital infusion and its proven expertise in similar business models like Clicars, Zyclora aims to accelerate its growth into additional European markets, open new physical stores — beginning with a flagship location in Madrid in 2025 — advance its digitalisation strategy, enhance refurbishment capacity, and expand its product portfolio.

Zyclora co-CEOs Juan Carretero and Borja Mesonero-Romanos shared: 

"We are delighted to embark on this new chapter with Seaya Andromeda, a partner who fully aligns with our vision of making cycling more accessible and sustainable. Their expertise in circular economy business models will be instrumental in driving our growth and scaling our operations."

Carlos Fisch, Partner at Seaya Andromeda, commented: 

"This transaction represents our first majority transaction within this fund, highlighting our flexible mandate — being able to invest through majority or minority stakes, primary funding rounds, or secondaries.”

The deal also includes the participation of Carlos Rivera, co-founder of Clicars, who will bring his expertise in scaling circular economy businesses to help establish Zyclora as a leading player in the market.