Dance
, an e-bike subscription service, has landed a further €16.5 million in funding.
The investment, which comes from Eurazeo as well as a number of angel investors, comes on top of €15 million in Series A announced a year ago.
Berlin, Germany-based Dance has just launched its service in the city following an invite-only pilot program.
At the time of the Series A, Eric Quidenus-Wahlforss, co-founder and CEO of Dance said the company also planned to expand across Europe and, to the U.S. down the road.
Announcing the additional funding, Quidenus-Wahlforss says the company was attracted to work with Eurazeo because of its “international perspective from Paris”
He adds that he admires the work the city has done in establishing cycling infrastructure in recent years.
“Decarbonization is something we as a society don’t just have to hope for. We can make it happen by encouraging more people to choose an ebike over a car - and by giving people the support they need to make cycling commutes easy. Dance was founded to make more sustainable cities possible - and with this latest round of funding, we’re closer to achieving our goal by growing the team, scaling our operations, expanding into other markets and of course - bringing more joy to the streets.”