Rebike raises ten million euros
BayBG Bayerische Beteiligungsgesellschaft invests together with existing investors Vorwerk Ventures and STS Ventures. The founders intend to use the funds to significantly expand their e-bike subscription business.
Vorwerk Ventures and STS Ventures were already on board with Rebike Mobility; BayBG Bayerische Beteiligungsgesellschaft is a new investor. Together, the three investors are investing ten million euros, as the Handelsblatt reported.
The Munich-based company, which was founded in 2018 by Thomas Bernik and Sven Erger, operates rebike1, a marketplace for the sale of used e-bikes, and eBike Abo, a subscription service for e-bikes. E-bikes can also be rented via the rebike1 website. They intend to use the newly raised money primarily to expand the subscription business.
"We see enormous potential in the company, the market and the product," Otto Hopfner, Investment Manager at BayBG, told Handelsblatt about the investment in the Munich-based start-up. "E-bikes are the means of transportation of the moment, because more and more people want to get around sustainably and healthily."
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