Fifteen pedals in €40 million to gear up for European expansion

With a new name and a big funding up its sleeves, French self-service bike company Fifteen is adding on to the list of e-bike players which have raised big money in the recent times owing to the mobility and ridesharing boom in Europe. The newly rechristened Parisian startup Fifteen (formed of French mobility companies Smoove and Zoov) has raised €40 million funding.

The round was led by Eiffel Essentiel and 2050, with the participation of investors, including Mobivia, Daphni, CDC, C4 Ventures, BNP Paribas Développement, and Eric Carreel. 

The funding will enable the startup in deploying Augmented Bike Networks across all regions in the continent. The company also aims to maximise its positive impact on the planet by moving its production line as much as possible to Europe.

Thriving on the €450 billion micro-mobility market, the company is bullish on bike mobility, which can bring tremendous benefits for individuals in terms of health, environment and social inclusion Born from the union between Smoove and Zoov in 2021, it offers shared bike services by deploying station-based and free-floating services.

Benoit Yameundjeu, CEO, Fifteen said: “Our ambition is to erase the boundaries between city centres and suburbs, and to increase flexibility between different bike uses, in order to build more human and sustainable cities. With the fresh capital infusion, we will accelerate the deployment of Augmented Bike Networks in all territories, democratising the use of bikes to improve our collective well-being.”