LUSA 05/23/2025

Lusa - Business News - Portugal: Vehicle rental site Indie Campers expects €200M turnover in 2025

Lisbon, May 22, 2025 (Lusa) - Indie Campers, a Portuguese vehicle rental platform, including campervans, motorhomes and others, estimates it will achieve a turnover of €200 million this year, an increase of around 15 times compared to the pre-pandemic period.

In response to Lusa, an official source from the Portuguese company indicated that "Indie Campers has seen significant growth in recent years, driven by international expansion and the digitisation of the travel experience".

Thus, for 2025, it estimates that it will “exceed €200 million in turnover, which represents an increase of around 15 times compared to the pre-pandemic period”, it said.

The group, which announced on Wednesday that it had closed the second tranche of its latest round of financing, bringing the total investment raised to €62.5 million in the last year, wants to hire 100 people (it currently has 600), with "the reinforcement of the team focused mainly" in the "three main offices - Lisbon, Sydney and Mexico City - with more than half of the new hires planned for the Lisbon headquarters".

According to the company, "this growth accompanies the increase in the scale and digitisation of the business", and it is "also preparing to open a new office in Manila to support global expansion". The company currently operates in more than 20 countries, "with a physical presence in around 80 locations across three continents".

"In 2025, we plan to open 12 new locations, strengthening our coverage in strategic destinations. In the medium term, the focus will be on continuing to grow globally, with an emphasis on the Asian market, where we see great potential," the same source said.

In a statement, the company said that this latest round of financing "was again led by Indico Capital Partners, with the continued participation of Cedrus, Buenavista and (the state-owned business development bank) Banco de Fomento Português", and that this second tranche, worth €27.5 million, "was already planned when the initial investment of €35 million was made last year".

ALN/AYLS // AYLS

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