Tag: electric

• Launched through a strategic partnership with Santander Consumer Renting, this new innovative and digital service aimed at individuals has been created to revolutionise the renting sector.
• OK Renting will have a 12 to 60 month renting offer with the “OK warranty seal” badge.
• The new service enables OK Mobility to widen its offer and comprehensively cover the mobility needs of its customers, from rental, through subscription and now renting, to the purchase of the vehicle.

OK Mobility, part of the company holding OK Group, expands its service offering and launches OK Renting in partnership with Santander Consumer Renting. This agreement, established as a contractual joint venture, aims to revolutionise the sector with an innovative digital renting service aimed primarily at individuals.

After the success of the monthly subscription service that the company has been offering since 2022, OK Mobility now incorporates renting into its service offering, thus comprehensively covering the mobility needs of its customers: from rental for 1 to 89 days, to a subscription for 3 to 12 months and renting for 12 to 60 months, to the purchase of any vehicle.

With OK Renting, customers have a differentiated mobility product, offered by OK Mobility and endorsed and managed by Santander Consumer Renting. With advanced options and configurations, users can choose from a wide range of new vehicles, fully equipped and at a competitive price; and all this through a flexible and simple digital management process and with the “OK warranty seal”,

Ángel Fernández de Bobadilla, Executive Vice President of Santander Consumer Finance Spain, celebrates the collaboration between the two companies and highlights that: “Personal renting is a growing trend andthis agreement is a great opportunity to be able to target the individual market together with OK Mobility, a company that stands out for its innovation and the global nature of its brand, as well as for its ‘lean approach’ towards the customer.”

For his part, Othman Ktiri, CEO of OK Mobility, states that: “On the one hand, OK Mobility is a brand that drives us to continue integrating new services, and, on the other, we are passionate about developing mobility products designed for people and their real mobility needs. This is why, incorporatinga longer-term mobility offering was our natural next step.”

Regarding the collaboration, at OK Group not only do we celebrate this news but totally agree with the words of Othman Ktiri: “With OK Mobility on the ‘front’ and Santander Consumer Renting in the ‘back’, I certainly believe that we have the perfect formula for OK Mobility to enter in a humble but effective way into a booming market such as renting to individuals”.

OK Mobility bases its strategy on its unparalleledknow-how in marketing, digitalisation of the reservation processes, knowledge of residual values and distribution of pre-owned vehicles to offer its customers a different and competitive mobility offer.

It is now possible to access the OK Renting service for individuals, mainly but also for freelancers and companies, from okmobility.com/renting

• OK Ventures, investment partner of reBot Yachts and the venture capital of OK Group, is celebrating the announcement of the launch of reBot Yachts’ new llaut: the reBot 8
• The reBot 8, 7.98 metres long and with a cruising autonomy of over 8 hours of emission-free sailing, also stands out for its luxury design and comfort

reBot Yachts launches a new electric boat model: the reBot 8. The Menorcan shipyard continues to advance in its mission to integrate the slow life philosophy with electric mobility technologies. Its new reBot 8 is a unique boat in the nautical market, whose development has progressed rapidly thanks to the investment by OK Ventures, led by entrepreneur Othman Ktiri. ReBot Yachts, with headquarters in Alaior (Menorca), was founded in 2022 by its current CEO Tuto Saura, Jan Hardorp and Daniel Gratacós, to revolutionise sustainable and luxury yachting in the Balearic Islands. The company specialises in the design and construction of traditional electric boats for rental and sale, always with a solid commitment to sustainability. The support of OK Ventures, OK Group’s venture capital, since last April has been crucial for the fast development of this new model. This partnership reflects the joint commitment to the environment and responsible mobility and reBot 8 embodies the combination of tradition, innovation and efficiency, offering an environmentally friendly boating experience.

The reBot 8 was officially presented on Thursday 8 August 2004 at the Illa del Llatzeret in the Port of Maó, Menorca, at a product presentation and launch event. The model is now available for sale, with deliveries expected for the 2025 season, and can be tested at sea in Menorca. This boat is 7.98 meters long and offers a capacity for 10 people and a range of over 8 emission-free hours. The combination of the outstanding silent electric engine and efficient luxury and comfortable design positions the reBot 8 as an environmentally friendly and eco-friendly option for yachting lovers.

At OK Group, we wish for reBot Yachts and OK Ventures to continue driving innovation in the yachting industry while maintaining their commitment to the environment and responsible mobility based on clean energy, environmental sustainability, and ecology.

• OK Ventures, the venture capital division of OK Group, joins LIUX as a major shareholder alongside its two founders.
• LIUX has developed an urban electric vehicle, strengthening its position as a benchmark in sustainability.

After a challenging 2023 for startups in the automotive sector due to the bankruptcy of some of the major European electric vehicle projects, OK Group, through its venture capital division OK Ventures, and LIUX have reached an agreement to drive the growth of this Spanish electric mobility startup.

With this agreement, OK Ventures becomes LIUX’s lead investor, representing a key strategic move for its expansion in the mobility industry. This investment represents the first venture of OK Group, a holding company to which OK Mobility also belongs, into the vehicle manufacturing sector, specifically in the light urban vehicle category, a segment that has experienced remarkable growth in recent years and is expected to continue to expand (3 years of growth above 20% per annum and forecast growth of 13% annually until 2032 according to McKinsey).

LIUX, founded in 2021 by Antonio Espinosa de los Monteros and David Sancho, has burst onto the market with an innovative proposal in the mobility sector. It aims to produce electric vehicles while developing technologies to make vehicles more sustainable, such as bio-based composites using flax fibre, recyclable resins and removable modular batteries. These materials are lighter than conventional ones, and their production process generates a significantly lower carbon footprint.

LIUX has created the LIUX GEKO model, an all-electric L7 light urban vehicle. This model has a removable battery and an innovative body made of flax fibre, which reduces its weight and optimises its energy efficiency. It offers a base range of 170 km, extendable to 230 km, and a compact size of 2.7 x 1.5 metres, ideal for parking in urban areas.

This model reduces the carbon footprint by 40-80% versus conventional cars over its lifetime while improving energy efficiency compared to other electric vehicles, exceeding 13 km/kWh.

Othman Ktiri, Founder and Chairman of OK Group, expressed his enthusiasm for the agreement: “Entrepreneurship, mobility, sustainability and ‘Made in Spain’. We had to say yes! LIUX has developed proprietary technology to make vehicles more sustainable, and its strategic vision in the light vehicle segment is making more and more sense. We know the technology and the product they have created, and we are delighted to support and be part of this ambitious and exciting project.” 

Antonio Espinosa, CEO of LIUX, commented: “We are delighted to join a Spanish company leading growth and innovation in the mobility sector at a European level. OK Group, whose focus on mobility, innovation and sustainability aligns perfectly with our own, is a long-term partner that brings us a unique market vision and business development capability”. 

Production of the LIUX GEKO will take place in Spain and is scheduled to start in the second half of 2025.

OK Ventures, the venture capital division of the OK Group, has acquired a stake in Mundimoto, a Catalan company that is Europe’s leading online motorbike sales and rental company.

This agreement also includes a strategic partnership between Mundimoto and OK Mobility, the global mobility platform of OK Group, to expand the rental offer with large-displacement motorbikes. This achievement has been possible thanks to the creation of a Joint Venture between the two platforms.

With this partnership, OK Mobility users will be able to choose from three motorbike models: the Kawasaki Z500, the Kawasaki Vulcan S Tourer and the Yamaha Ténéré 700 Explore. Initially, these motorbikes will be available at OK Mobility’s OK Store at Madrid Airport and Barcelona Mas Blau, key locations to travel throughout mainland Spain, with plans to expand this offer to more destinations where the company operates.

Josep Talavera, founder and CEO of Mundimoto, highlighted the importance of this partnership, saying: “This agreement with OK Mobility is another step forward in our growth and diversification strategy. We join a leading company setting the standard for how things are done. This partnership enables us to respond to an existing demand and to be leaders in the provision of an innovative service. I am convinced it will deliver profitable results for both companies“.

Othman Ktiri, Founder of OK Group and CEO of OK Mobility, said: “In our commitment to global mobility, we continue to add new vehicle alternatives so that our customers can choose the option that best caters to their needs. This partnership with Mundimoto will enable us to continue strengthening and diversifying our fleet while we keep growing.

OK Group joins this innovative project, a pioneer in its sector, which proposes a disruptive business model by replacing traditional processes with digitised methods that are sustainable in the long term.