Vorwerk Ventures joins Rebike1 as lead investor. Several former shareholders are participating in the financing round. The startup sells used, but like-new e-bikes and offers e-bike subscriptions.
Rebike1, an e-bike mobility startup founded in April 2018, has closed a Series A financing round in the single-digit million range. The Munich-based startup plans to invest the fresh capital in the company's expansion. The two founders and managing directors Thomas Bernik and Sven Erger say:
"We launched at the right time with the right idea. Now it's all about further expanding our market position and scaling our business."
“At Rebike1, we were impressed by the networked business model and the comprehensive strategy.”
In addition to selling used e-bikes, the company also offers an e-bike subscription: Customers can rent a new electric bike for three, six, or twelve months. The Munich-based company also offers short-term rentals of e-bikes at high-traffic locations through its own rental stations, as well as through partner stations, specialist retailers, and hotels. Peter Schmetz, Investment Manager at Vorwerk Ventures, says:
"In addition to the rapid growth of the last 12 months and the two experienced founders, what convinced us about Rebike1 was its networked business model and comprehensive strategy."
“We will continue to expand our platform”
The Munich-based startup says it wants to become the largest cross-brand e-bike mobility provider in the German-speaking region.
"Thanks to this financing round, we are now able to further drive our growth, brand building, and digital networking of our business units. We will continue to expand our platform in the coming months and offer our partners digital solutions for rental and marketing,"
The two managing directors Bernik and Erger are quoted in a press release.
