Electric mobility subscription company Dance has raised €12 million in equity and debt funding, bringing its total raise to over €79 million.
Launched in 2020 by SoundCloud founders Eric Quidenus-Wahlforss and Alexander Ljung, together with the co-founder of Jimdo, Christian Springub, Dance offers subscription-based access to electric bikes and mopeds in Paris, Berlin, Hamburg, and Munich, aiming to provide a simple and sustainable transportation alternative for the urban environment.
With over 10,000 customers and 80+ corporates, the company is on track for full-year EBITDA profitability in 2025.
New equity investors include Berlin-based sustainable lifestyle investor Elemental, Uli Schöberl (Apple), and Piotr Brzezinski (Fabric London). The asset-backed debt facility is provided by Paris-based Smart Lender Asset Management.
The debt facility from Smart Lenders Asset Management offers robust, non-dilutive funding to support sustainable growth.
According to Erich Bonnet, CEO of Smart Lenders AM:
“The type of financing we’re providing is typically reserved for larger players in the fintech industry.
At Smart Lenders AM, we value innovations that deliver results, and Dance is a great example. Their strong financial performance and profitability across markets made us eager to be part of their journey.”
“We believe cities deserve better transportation options. At Dance, we’re leading this change with a premium, hassle-free e-bike subscription that empowers people to move freely and sustainably,” said Eric Quidenus-Wahlforss, Founder and CEO of Dance.
"With this new investment, we will continue to scale our fleet and operations while refining our hardware, software, and service to make clean mobility more accessible for urban residents."
Lead image: Christian Springub, Eric Quidenus-Wahlforss, and Alexander Ljung. Photo: uncredited.
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