Rebike Mobility with €13 million financing round

Rebike Mobility gains a new strategic partner in Decathlon Pulse and secures fresh capital for the expansion of its business model in the growing e-bike market

Munich, October 2024 - Rebike Mobility, a startup in the refurbishment and sale of used e-bikes, has successfully completed a financing round of 13 million euros. Decathlon Pulse, the investment subsidiary and startup studio of sporting goods manufacturer Decathlon, is a new investor with a minority stake. Existing investors Circularity Capital, Tengelmann Ventures, Parkshore and Vorwerk Ventures also participated in the financing round.

Market for e-bikes is growing continuously

Sales figures in the e-bike market have doubled in the last five years, and forecasts predict that there will be around 100 million e-bikes in circulation by 2030. Rebike Mobility has been positioning itself in this market since 2018 and has established itself as a provider of used, reconditioned e-bikes in German-speaking countries. The company sources e-bikes from leasing providers, refurbishes them and sells them via various channels, including rebike.com, its own stores and digital marketplaces. Since April 2024, Rebike has been working with Decathlon Germany as a marketplace partner.

Focus on international growth

The new financing round serves to drive Rebike's international growth. Decathlon Pulse will contribute its expertise and reach in the field of omni-channel sales. Thomas Bernik, CEO and co-founder of Rebike, sees the partnership as an opportunity to further expand in Europe and establish circular business models more firmly.

Circular business models are here to stay and are becoming a catalyst for innovation. Refurbished e-bikes are therefore establishing themselves as a standard offering - because they are a smart choice, like new, but cheaper and good for the environment.

Thomas Bernik, Rebike CEO and Co-Founder

Operational independence remains in place

Rebike Mobility will continue to be managed independently, with founders Thomas Bernik and Sven Erger leading the company. With 150 employees, Rebike focuses on the refurbishment process and the digital integration of industrial processes to offer customers a low-cost alternative to buying new e-bikes.

Support from existing investors

The investment not only fits perfectly with our sustainability-focused strategy, but also positions us at the forefront of the circular economy in cycling.

Franck Vigo, Dcathlon Pulse CEO

In addition to Decathlon Pulse, the previous investors also supported the financing round. Andrew Shannon, Partner at Circularity Capital, explained that Decathlon Pulse's investment will further support Rebike's growth.