Dance, a German e-mobility startup, has secured €12 million in additional funding from a combination of equity and debt capital. The funding round was led by existing investors HV Capital, Eurazeo and BlueYard. The company plans to use the proceeds to further its mission of offering sustainable mobility solutions in its five operating cities: Paris, Berlin, Hamburg, Munich, and Vienna.
Dance’s business model involves offering electric bikes and mopeds on a monthly subscription basis, and it has already attracted thousands of customers. Upon booking, the company delivers an ebike or moped ready to ride, with services including repairs and theft insurance. This model has proven popular, as more people seek out sustainable and cost-effective ways to get around in urban environments.
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In 2023, Dance announced a partnership with IoT Venture, a startup that specializes in the connected bike sector. This partnership will enable the location and recovery of bikes and offer better protection against theft for Dance’s ebikes. The company’s Founder and CEO, Eric Quidenus-Wahlforss, noted that despite a challenging economic environment, Dance has made great progress in 2022. Starting with a few hundred members in Berlin, the company has grown quickly to many thousands across its operating cities. This validates the demand for Dance’s sustainable mobility solutions and the power of subscriptions versus vehicle ownership or sharing.
With the launch of Dance For Business, the company plans to enable companies to provide Dance ebikes and mopeds as an employee benefit. By continuously growing its movement, Dance is driving the evolution of cities and making a significant, positive contribution to climate change. Dance was founded by SoundCloud founders Eric Quidenus-Wahlforss and Alexander Ljung, together with the co-founder of Jimdo, Christian Springub. The company’s innovative approach to urban mobility is making waves in the industry and attracting significant investment.
