Premium Ebike Subscription Company Dance Raises 16.5 Million To Encourage Sustainable Cities Around the World

Premium Ebike Subscription Company Dance Raises 16.5 Million To Encourage Sustainable Cities Around the World

28.09.2021: Eurazeo alongside key angel investors focused on sustainable investments looks to scale its services and software Today, premium ebike subscription company Dance raised an additional 16.5 million as the company rolls out its first generation ebik

Eurazeo alongside key angel investors focused on sustainable investments looks to scale its services and software


 
Today, premium ebike subscription company Dance raised an additional €16.5 million as the company rolls out its first generation ebike and repair service on the streets of Berlin. With this added funding, leading global investment firm Eurazeo joins HV Capital and BlueYard as investors, alongside additional angels including:


-  Nicolas Berggruen, philanthropist and founder of Berggruen Institute and Noema Magazine

-  Roxanne Varza, director of STATION F, a leading startup incubator in Paris

-  Verena Pausder, founder of digital kids studio Fox & Sheep

-  Offline Ventures cofounders Dave Morin, who founded path and James Higa, original member of the Macintosh team



"At Eurazeo, one of our priorities is supporting investments that directly support the decarbonization of the planet by 2040, and investing in a product and service like Dance is aligned with that mission," said Matthieu Bonamy, partner at Eurazeo.



"Across the globe, we have an opportunity to transform cities for the better, and by scaling easy-to-use, holistic and sophisticated approaches like Dance, we can incentivize more people to consistently choose cleaner commutes, while sparking change within their own communities," said Bonamy.



Since rolling out its service in Berlin after a year of rigorous piloting and testing, Dance has delivered hundreds of ebikes to its initial community of members. The funding will be used to scale the business, including doubling the team to add more world-class operations, engineering and sustainability-focused team members. Dance will also launch in additional markets in Europe through 2022, alongside thousands of ebikes built to last through multiple customers and purchase seasons.


"We are excited to welcome Eurazeo and additional angel investors to the Dance movement, which is focused on creating more sustainable cities," said Eric Quidenus-Wahlforss, cofounder and CEO of Dance. "As Paris, Milan, Brussels and others make significant investments in cycling infrastructure, there is an incredible opportunity to transform the way society commutes at the citizen level," added Quidenus-Wahlforss.



To be notified when Dance arrives in your region, follow Dance on Instagram, Twitter and LinkedIn or follow along with the hashtag #movewithdance.



 


Clare Sayas - SOURCE Dance GmBH


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28.09.2021 / MaP

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