Dance, a Berlin, Germany-based electric mobility subscription company, raised €12M in additional Equity and Debt capital.
The equity raise was led by existing investors HV Capital, Eurazeo and BlueYard. New investors included Winthrop Square Capital, Joe Zadeh, Max Ciociola, Julian Teicke, David Eriksson, Katharina Kurz, Ryan Johnson, and Kristian Rädle & Frank Wiedemann.
The company intends to use the funds to expand operations and its business reach.
Founded by SoundCloud founders Eric Quidenus-Wahlforss and Alexander Ljung, together with the co-founder of Jimdo, Christian Springub, Dance offers electric bikes and mopeds on a monthly subscription basis for customers. The company delivers an ebike or moped ready to ride with service, including repairs and theft insurance. Since the launch of its B2B offering, which enables companies to offer Dance bikes and mopeds as an employee benefit, the startup has been signing up an increasing number of partners such as Google and Urban Sports Club.
It is currently offering sustainable mobility solutions in Paris, Berlin, Hamburg, Munich and Vienna.
FinSMEs
17/02/2023