E-bike subscription service
Dance
has added a further €20 million in funding bringing its total to €56 million.
The debt financing for the Berlin-based company, which comes from TriplePoint Capital, will go toward further expansion.
The e-bike and e-moped service is already available in Berlin, Hamburg and Munich with plans to launch in Vienna and Paris in the coming weeks.
Earlier this month Dance announced the addition of e-moped to its subscription service in Germany following its acquisition of Rollich.
Tobias Jordan, chief financial officer of Dance, says: “We are on a mission to make cities around the world more livable by inspiring people to choose more sustainable, healthy and joyful ways to move. By tapping into the various sources of funding available to us, we can efficiently expand our portfolio and geographical reach as we continue to build our full-service mobility membership.”
The company also recently unveiled a Dance for Business service enabling companies to offer a transportation service to employees.
Dance announced
€16.5 million in Series B funding
last September and
€15 million in Series A
in October 2020.