InsurTech startup Laka, the British green mobility insurance firm, announces today a Series B round of €8.8 million, for its insurance offering for e-bikes, e-scooters, and sustainable transport across nine EU markets and the UK.
Its long-standing investors include Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, Republic (formerly Seedrs), Porsche Ventures and a number angel investors.
Tobias Taupitz, CEO and Co‑founder, Laka: “Reaching this milestone marks a pivotal moment in Laka’s journey – it’s a testament to the trust we’ve built with riders, retailers, and corporate partners across Europe. This new financing will enable us to deepen that trust, expand our category‑defining role in green mobility insurance, and build towards profitability, while pursuing further acquisitions that consolidate this fragmented market.”
Founded in 2017, Laka aims to challenge outdated traditional insurance to provide customers and businesses with a “fairer, collective-driven approach to insurance“. Laka customers reportedly pay no upfront premiums, and are instead charged based on the cost of claims submitted by the collective the previous month.
The idea is that fewer claims result in lower charges.
Laka customers work together as a collective and share the cost of claims. Laka handles all claims, divides the cost and limits each customer’s maximum monthly spend with a cap based on the value of the equipment insured by each individual member.
Laka’s main offering is this collective-driven insurance – with its flagship product being bike, e-bike and e-cargo bike insurance – alongside other products such as personal liability, health & recovery and solutions for commercial partners.
Laka says that they have fixed what customers typically dislike about conventional insurance: long contracts, pages of fine print, and poor customer service. Whilst insurers benefit when a claim is rejected, Laka earns a success fee only when a claim is settled.
The Series B equity raise will enable Laka to work towards profitability. Laka may seek to raise an additional extension round in 2025, focused on strategic investors. Laka will also soon complete a significant debt financing agreement in the coming months, which will fund its acquisition pipeline.
Matthieu de Chanville, Founding Partner at Shift4Good: “As sustainable transport and micro‑mobility expand across Europe, the need for seamless, customer‑centric insurance has never been greater. Laka is positioned to lead this space, aligning interests between riders, retailers, and insurers, and tackling the fragmented nature of the market head on. We’re excited to support their next chapter of growth and to help unlock the full potential of the green mobility revolution across the European continent.”
Over the past two years, Laka has evolved from a cycle insurer into a multi-vertical green mobility platform across nine EU + UK markets. Its trajectory has been defined by both organic growth and significant acquisitions:
Luko’s e-scooter insurance portfolio (2025): adding 19,000 customers and deepening its focus on micromobility, acquired from Allianz Direct.
Renewal rights to CoverCloud’s bike insurance portfolio (2024): Expanding its foothold in the UK bike insurance segment.
Cylantro (2023): A French e-bike insurance broker that positioned Laka to dominate one of Europe’s fastest-growing e-mobility markets.
Laka’s commercial partners include Decathlon, Brompton, Gazelle, Riese & Müller, Tenways and Ribble.
Jack Toyama, President & Managing Director, MS&AD Ventures: “The micro‑mobility market is evolving rapidly, presenting huge opportunities for platforms that can unify and redefine its insurance offerings. Laka has demonstrated an impressive ability to integrate acquisitions and build a collective‑driven approach that benefits both riders and businesses. We’re proud to support the team as they scale across Europe and help drive the shift towards a cleaner, more connected transport ecosystem.”
By 2030, the global micromobility market is projected to more than double in value – from around €136 billion to €290 billion, according to McKinsey. Europe is expected to be the largest regional contributor globally, growing from about €51 billion in 2022 to €51 billion by 2030.
Yet despite the rapid adoption of micromobility, Laka says insurance for this sector remains highly fragmented.
Through its verticalised services, Laka aims to go beyond insurance. Its offerings now include:
Recovery of stolen or damaged bikes and e-scooters.
Replacing stolen bikes.
Salvaging and recycling of bike parts, reducing waste and emissions.
Commercial services for retailers, manufacturers, and bike shops.
Read the orginal article: https://www.eu-startups.com/2025/07/london-based-laka-raises-e8-8-million-to-become-europes-leading-green-mobility-insurer/
