Dance Secures €12M to Expand E-Bike Fleet in European Cities
Electric mobility subscription company Dance has secured €12 million in equity and debt funding to expand its e-bike fleet and enhance its technology. The Berlin-based company plans to grow its presence in Paris, Berlin, Hamburg, and Munich while refining its software and hardware.
The funding round included equity investments from Elemental and backers from Apple and Fabric London, while Smart Lender Asset Management provided an asset-backed debt facility.
“We believe cities deserve better transportation options,” said Eric Quidenus-Wahlforss, founder and CEO of Dance. “With this investment, we will scale our fleet and improve our technology to make sustainable mobility more accessible for urban residents.”
Smart Lender Asset Management CEO Erich Bonnet praised Dance’s innovation and financial performance. “This type of financing is usually reserved for fintech giants. Dance’s strong market performance and profitability made us eager to support their growth,” he said.
Dance has consistently attracted investor interest, securing €12 million in 2023, €20 million in 2022, €16.5 million in 2021, and €15 million in 2020. With the latest funding, the company is poised to accelerate its mission of providing premium, hassle-free e-bike subscriptions for urban commuters.
As demand for sustainable mobility grows, Dance aims to position itself as a leader in the European e-bike market, offering an accessible and eco-friendly alternative to city transportation.
Related news: https://suspicious-zhukovsky.67-21-117-18.plesk.page/category/air-travel-business/artificial-intelligence/, https://suspicious-zhukovsky.67-21-117-18.plesk.page/category/air-travel-business/travel-business/