ACE Ventures is excited to be part of Upway's recent $30 million Series B funding. This investment, led by Korelya Capital, brings Upway’s total funding to $60 million, marking a pivotal moment in their journey towards revolutionizing clean mobility. Grounded in accessibility, affordability, and sustainability, Upway serves as a reliable hub for both new and experienced electric bike enthusiasts, providing a one-stop-shop for buying, selling, and learning about different models of electric bikes.

With a footprint in five European countries and the US, Upway is making significant strides in promoting light electric mobility. To-date they have processed over 20,000 e-bikes through their warehouses in Paris, Berlin, and New York, and are actively transforming urban and rural transport.

“With our launch two years ago and our US launch in March 2023, we have been on a continuous mission to provide our customers with an unparalleled selection of certified electric bikes from leading brands," said Toussaint Wattinne, CEO and Co-Founder of Upway. Upway's growth, particularly in the US market, has been impressive, growning their sales >20% month over month, effectively doubling business every quarter.

This latest fundraise is set to accelerate Upway's growth, particularly in the US, and aid in establishing a powerful, and a globally recognized brand. We at ACE Ventures are enthusiastic about supporting Upway's expansion, across Europe and the US. This investment underscores our commitment to fostering innovations that pave the way for a future where transportation is both environmentally responsible and universally accessible.

More information at: https://en.upway.fr/