Berlin-based electric mobility subscription service provider Dance has raised €20 million in a debt financing round via TriplePoint Capital. Having recently announced market entries in Hamburg, Munich, Vienna, and Paris, the capital will be used to further fuel Dance’s international expansion plans. To date, the company has raised a total of €56 million.
In addition to the geographic expansion, Dance has recently broadened its product offer, adding an e-moped option, as well as rolling out Dance for Business, a service that allows companies to add a sustainable transportation perk to the benefits list.
With no shortage of entrepreneurial experience in the founding team of Eric Quidenus-Wahlforss and Alexander Ljung (SoundCloud), and Christian Springub (Jimdo), it’s clear that a key differentiating factor for Dance is not only the proposition they offer, removing the hassle of e-bike ownership, but perhaps more importantly, the end-user experience.
These factors combined, it should come as no surprise that in addition to existing angel investors will.i.am and Chance the Rapper, Dance has also attracted the likes of American fitness company Equinox co-founder Lavinia Errico, European beauty group Douglas CEO Tina Müller, climate impact software provider Supercritical founder and CEO Michelle You, and Erin & Blixa Bargeld of Einstürzende Neubauten to the Dance floor.
“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,” said Tobias Jordan, Dance CFO. “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.”