"Euro recipient identified as street skater, awarded massive sum of 85 million"
In a significant move for the outdoor travel industry, Munich-based company Roadsurfer has secured €85 million in funding from Macquarie Group and Spanish banking group BBVA. This funding, a combination of €60 million in Asset-Backed Securities (ABS) financing from Macquarie Group and €25 million in venture debt financing from BBVA, will propel Roadsurfer's growth plans, focusing on expanding its existing camper van fleet and scaling operations internationally.
The collaboration between Roadsurfer, Macquarie, and BBVA was marked by a constructive dialogue and a shared understanding of long-term value creation. Roadsurfer's Managing Director, Securitisations at Macquarie, Sarah Milne, commented on the ABS financing, expressing her confidence in Roadsurfer's business model. Donatella Callegaris, Head of Venture & Growth Lending at BBVA in Europe, explained the purpose of the venture debt financing, highlighting BBVA's belief in Roadsurfer's potential for growth.
Roadsurfer, one of the leading providers in the global outdoor travel market, currently operates over 90 locations in 16 countries, including Germany, the USA, and Canada. The fresh capital will be used to expand its fleet of around 10,000 campers, meeting the rising demand in key markets such as Europe and North America.
The additional venture debt financing with BBVA will primarily support Roadsurfer's digital development, aiming to enhance the user experience on the Roadsurfer Spots campsite platform and other digital services. The agreement with BBVA is part of the InvestEU program of the European Union and the European Investment Fund, offering particularly favorable terms.
This funding aligns with Roadsurfer's broader strategy to accelerate international growth in the outdoor mobility and camper van rental market. The company offers campervan rental, subscription, sales, and the Roadsurfer Spots campsite platform. The funds will also go towards general company growth, ensuring Roadsurfer's continued success in the competitive travel industry.
Co-founder and CEO of Roadsurfer, Markus Dickhardt, expressed his satisfaction with the recent funding rounds, stating, "We are thrilled to have the support of Macquarie and BBVA as we embark on our next phase of growth. This funding will enable us to expand our fleet, strengthen our presence in key markets, and continue to innovate in the outdoor travel space."
The new ABS agreement with Macquarie Group increases the existing ABS structure to a total of €200 million, further bolstering Roadsurfer's fleet expansion efforts. This funding round reflects the confidence of Roadsurfer's partners in its business model and underscores the company's potential for continued growth and success in the global outdoor travel market.
financial support from Macquarie Group and Spanish banking group BBVA will be instrumental in ROADSURFER's growth plans, focusing on investing in expanding its camper van fleet, scaling operations internationally, and enhancing digital development through the Roadsurfer Spots campsite platform. The fresh capital will also be utilized for general company growth, ensuring continued success in the competitive travel industry, particularly in the outdoor mobility and camper van rental market.
