Dance funding news – Dance Secures €12 Million in Equity and Debt Funding

With over 10,000 customers and more than 80 corporate clients, it expects to be profitable by 2025. New investors include sustainable lifestyle investor Elemental, Uli Schöberl from Apple, and Piotr Brzezinski from Fabric London.

Paris-based Smart Lender Asset Management is providing the debt funding, which helps support the company’s growth without giving up ownership.

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According to Erich Bonnet, CEO of Smart Lenders AM: “The type of financing we’re providing is typically reserved for larger players in the fintech industry. At Smart Lenders AM, we value innovations that deliver results, and Dance is a great example. Their strong financial performance and profitability across markets made us eager to be part of their journey.”

Eric Quidenus-Wahlforss, Founder and CEO of Dance said, “We believe cities deserve better transportation options. At Dance, we’re leading this change with a premium, hassle-free e-bike subscription that empowers people to move freely and sustainably, With this new investment, we will continue to scale our fleet and operations while refining our hardware, software, and service to make clean mobility more accessible for urban residents."

About Dance

Dance was created to have a positive impact on health, sustainability, and city life. Through their subscription service, they aim to make e-bikes the main way people get around cities. They believe this will lead to happier people, a healthier planet, and better cities.