Berlin-based mobility startup Dance has raised 12 million euros in equity and debt funding to expand its e-bike and moped subscription service aiming to make urban transportation more sustainable and hassle-free The new capital will help grow the company’s fleet enhance its technology and further its mission of redefining city mobility
The funding round includes equity investments from sustainable lifestyle investor Elemental along with Uli Schöberl and Piotr Brzezinski The debt financing is provided by Smart Lender Asset Management a Paris-based firm specializing in non-dilutive funding solutions for high-growth companies
Eric Quidenus-Wahlforss founder and CEO of Dance emphasized the company’s commitment to cleaner and more efficient urban transportation He stated that cities deserve better mobility options and Dance aims to deliver a premium hassle-free e-bike subscription that empowers people to move freely and sustainably With this investment the company plans to scale operations improve hardware and software and make clean mobility more accessible
Founded in 2020 Dance offers a full-service e-bike and moped subscription that includes maintenance repairs app-based ride tracking and theft protection The service is currently available in Berlin Hamburg Munich and Paris with plans for further expansion The company was founded by Eric Quidenus-Wahlforss and Alexander Ljung co-founders of SoundCloud along with Christian Springub co-founder of Jimdo
With over 10000 customers and more than 80 corporate partners Dance is on track to achieve EBITDA profitability by 2025 The company provides an affordable and flexible way to access electric mobility without the high upfront costs of purchasing an e-bike or moped
The e-bike subscription is priced at 69 euros per month currently discounted to 59 euros while the moped subscription is available for 89 euros per month with a current discount of 49 euros Both e-bikes and mopeds come with removable batteries that can be charged using any standard power outlet Charging times are around three hours for e-bikes and six to eight hours for mopeds Unlike electric cars these vehicles cannot be charged at public charging stations
Subscribers can also customize their ride by adding accessories at checkout such as baskets and child seats for e-bikes and helmets top cases and long-range batteries for mopeds
With this latest funding round Dance is focused on expanding its fleet refining its technology and improving customer experience The company’s vision extends beyond just providing e-bikes it aims to create a future where urban mobility is efficient sustainable and enhances the quality of life in cities
Investors see Dance as a standout player in the urban mobility sector Erich Bonnet CEO of Smart Lenders AM highlighted the company’s strong financial performance as a key reason for their support He noted that the type of financing they are providing is typically reserved for larger fintech players but Dance’s strong financial performance and profitability across multiple markets made it an exciting company to back
As demand for sustainable transportation solutions continues to rise Dance is positioning itself as a leader in the growing e-bike subscription market With its user-friendly model commitment to innovation and strategic financial backing the company is set to redefine how people move in modern cities
