Berlin-based e-bike and moped subscription company Dance, today announced the successful closing of a €12 million funding round in equity and debt to expand its fleet and transform urban transportation.
New equity investors include Berlin-based sustainable lifestyle investor Elemental, Uli Schöberl and Piotr Brzezinski. The asset-backed debt facility is provided by Paris-based Smart Lender Asset Management, which offers robust, non-dilutive funding to support their sustainable growth.
“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.”
Founded in 2020, Dance offers a full service e-mobility subscription that allows users to rent an electric bike or moped while benefiting from included maintenance, repairs, ride tracking through the app, and theft protection. Dance is currently live in Berlin, Hamburg, Munich, and Paris. The company was founded by SoundCloud founders Eric Quidenus-Wahlforss and Alexander Ljung, together with the Co-founder of Jimdo, Christian Springub.
With over 10,000 customers and 80+ corporates, the company is on track for full year EBITDA profitability in 2025.
Their current offering includes a monthly e-bike plan for €69 (currently discounted a €59) and a monthly moped plan of €89 (currently discounted at €49).
Their e-bikes and mopeds have a removable battery and charger that can be plugged into any standard power outlet, but the vehicle itself cannot be charged at charging stations for electric cars. The charging time of the battery is about 3 hours for e-bikes and 6-8 hours for mopeds.
At an added cost, users can add accessories at checkout such as a basket or child seat to the e-bike, and a helmet, top case, and long range battery to the moped.
With this new funding, Dance is poised to take its vision to the next level: further developing its hardware and software, expanding its fleet, and creating cities where transportation is not only efficient but also a key contributor to a healthier, more livable environment.
“We are looking forward to working with Dance. 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”, says Erich Bonnet, CEO of Smart Lenders AM.
Read the orginal article: https://www.eu-startups.com/2025/03/riding-the-current-dance-bags-e12-million-for-their-e-bike-subscription-service/
