Rebike receives 24 million euros

The bicycle start-up has completed a new round of financing. Tengelmann Ventures is among the investors.

Rebike Mobility closes a financing round of 24 million euros. The lead investor in the round is Circularity Capital, an investor specializing in business models in the circular economy. Tengelmann Ventures and Parkshore Holding are also investing in the company. The existing investors Vorwerk Ventures and BayBG are also participating again. In addition to the equity financing of 19 million euros, the start-up is also receiving five million euros in debt capital from Varengold Bank.

Thomas Bernik and Sven Erger founded Rebike in 2018. The founders operate two different platforms on which customers can buy, rent and subscribe to e-bikes. Customers can decide for themselves whether they want a used or new e-bike. The start-up also rents out e-bike fleets to rental stores, hotels and companies.

The founders want to use the new capital to expand the new refurbishment and logistics center in Kempten and to further develop the technology of their online platform. International expansion into France, the Netherlands and Switzerland is also to be accelerated.