Dance receives 20 million euros

Investor Triplepoint Capital has granted the start-up a loan, which it now plans to use to finance its expansion.

Berlin-based start-up Dance has received 20 million in loan financing from investor Triplepoint Capital. The company specializes in an e-mobility subscription service. The company has now raised a total of €56 million through the latest funding.

Dance plans to use the new funds for its further expansion and growth. The company wants to offer its subscriptions for e-bikes and e-mopeds in more and more cities: "We have made it our mission to make cities around the world more livable by inspiring people to a more sustainable and healthier way of getting around that is simply fun," says Tobias Jordan, Chief Financial Officer at Dance.

In addition, the start-up announces that it has convinced more investors. The investors include well-known minds. They include Equinox co-founder Lavinia Errico, Douglas CEO Tina Müller, Supercritical founder Michelle You, and Erin and Blixa Bargeld of Einstürzende Neubauten - one of Germany's best-known bands in experimental music. Existing investors include global stars Will.i.am, Maisie Williams and Chance the Rapper.

Dance offers a subscription for e-bikes and electric mopeds. Maintenance is included and membership is said to be flexible. Dance operates in Berlin, Hamburg and Munich and plans to launch in Vienna and Paris in spring 2022. Soundcloud founders Eric Quidenus-Wahlforss and Alexander Ljung co-founded the company with Jimdo co-founder Christian Springub.