Inquieto Moving Attitude, a company of the Spanish multinational GAM, specializing in solutions for the sustainable mobility industry, signed a 20 percent equity stake investment deal with DLL, a global asset finance company and a wholly owned Rabobank subsidiary.

DLL’s investment continues its support of energy transition to net zero through one of the leading players in the last mile distribution zero-emission vehicles sector in Spain and Portugal.

The investment will help Inquieto to continue its expansion in Iberia and continue developing the market through solutions to optimize last-mile deliveries in an increasingly sustainable and efficient manner.

Pedro Luis Fernández, President and CEO of GAM and Inquieto, said, "This is great news for us and, I dare say, also for the present and future of the increasingly common and necessary zero-emission last-mile deliveries. Having a partner like DLL focused on sustainability contributes much more than just new capital, it is a luxury."

“Inquieto is developing a promising future as it relates to energy transition. They are ahead of the game in the last mile delivery sector and we intend to help them stay there while simultaneously learning about this huge growth market,” said Neal Garnett, President of DLL’s Construction, Transportation and Industrial Global Business Unit.

Inquieto operates in Spain and Portugal and covers five verticals: food, supermarkets, parcel delivery, public services and pharma. Different vehicles are utilized according to the type of service and cargo, which circulate among traffic and are able access delivery locations more easily than conventional vehicles. The Inquieto fleet can deliver 20 percent more packages, optimizing the time and resources of logistics companies. These electric vehicles are a more economical, more dynamic and environmentally friendly form of distribution that enables the company to adapt to the needs of each sector.

 There are currently more than 1,500 Inquieto vehicles on the streets of Spain and Portugal, with current customers including Closer, Seur, Getir, Uber Eats, GLS, Mahou, San Miguel and Aravinc, and various city councils.