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Investment boost for firm that reconditions e-bikes

Business

16 June 2022
 

Upway, a start-up that sells reconditioned electric bikes, has raised $25m (£20m) led by investors Exor Seeds and Sequoia Capital. 

The French company says it is making e-bikes more affordable and contributing to reducing waste. It believes it can contribute a modal shift where cars become the exception and e-bikes are the norm.

Upway buys electric bikes from both consumers and companies. Bikes are shipped directly to customers from the Upway’s warehouse in Gennevilliers near...

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