The electric mobility company Silence, controlled by Acciona, has approved reducing its share capital to zero to clean up its balance sheet after recording losses of €63.5 million in 2025, a 77% increase compared to the previous year.
The electric mobility company Scutum Logistic, known for its Silence brand, has taken a decisive step to tidy up its accounts. In its latest shareholders' meeting, held at the end of June, the company agreed to reduce its share capital to zero, an operation aimed at restoring financial balance after a surge in red figures in the last fiscal year.
Silence's losses in 2025 reached €63.5 million, a 77% increase from the €36.9 million recorded in 2024. The company closed the year with a share capital of €102.3 million, but accumulated losses of €123 million left a negative net worth of €8.2 million, according to documents approved by the board.
Acciona injects €28 million in a capital restructuring
The reduction of capital to zero is complemented by a cash capital increase of €28 million, which will be executed simultaneously. Presumably, it will be Acciona, which controls 99.94% of Scutum Logistic, that will subscribe to the entire increase, thus raising its stake to 100%.
Among the minority shareholders who will be left out after the operation is Cayac Sport, a company owned by Silence's founder, Carlos Sotelo, who holds 0.05%. Sotelo was CEO of the firm until June 2025, when he stepped down from the position.
The capital restructuring allows Silence to clean its balance sheet and start from scratch, a common move for companies with recurring losses. The company, which has its plant in the Zona Franca de Barcelona, generated €24.9 million in revenue in 2025, a 36% increase from the previous year, with 56% of sales coming from abroad.
Searching for a Chinese partner to survive
The financial cleanup coincides with Acciona's plans to sell Silence either fully or partially. The president and CEO of Acciona, José Manuel Entrecanales, acknowledged at the group's shareholders' meeting that they are in talks with several potential partners, especially from Asia.
“We are in discussions with several potential partners and are moving to see if we can combine capabilities with a Chinese or Asian operator that could help us turn Silence into a competitive company with Asian trends,” Entrecanales stated.
The emergence of Chinese electric vehicle manufacturers has put pressure on the mini cars that Silence launched in 2024. According to market sources, Acciona has already approached groups like Chery (partner of Ebro Motors Group) and Geely for a possible strategic alliance.
For readers interested in electric mobility, Silence's situation reflects the difficulty of competing with Asian giants in the urban vehicle segment. The company needs an industrial partner that can provide scale and technology to be viable in the long term. Meanwhile, Acciona's €28 million provides some breathing room, but does not guarantee the future.
The capital restructuring and the capital increase will be executed in the coming weeks. Silence hopes to close a partnership agreement before the end of 2026. Until then, the company maintains its commercial activity and its commitment to light electric mobility.
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