[Funding alert] Helsinki-based Vapaus Secures €15 Million in a Debt Funding

Read also - Copenhagen-based Pluto.markets Secures €2.4 Million in Funding

Vapaus CEO Tero Era shared: "This partnership is a significant proof point for our business model and driver in releasing our growth potential. The funds obtained will play a pivotal role in expanding our reach and solidifying our position as a key player in the employee benefit bikes sector."

Vapaus is utilizing the latter strategy in a time when a growing number of companies are making an attempt to entice employees back to the workplace, either through coercion or by providing an ever-expanding list of advantages.

Read also - Stockholm-based MANTLE Raises over €2.8 Million in Funding

As demonstrated by Off-peak In an attempt to increase the number of people using the tube and trains on Fridays, Transport for London (TfL) offers all-day prices. Vapaus provides employers with a comparable, and possibly healthier, option.

Customers of Vapaus and their subsequent beneficiaries "own" their ride for the duration of the service, with the opportunity to buy the vehicle after a predetermined amount of time, in contrast to bike subscriptions or e-mobility ride-sharing services.

Read also - Vilnius-based Axiology Secures €2 Million in Funding

Norion Bank’s Ari Siukonen commented: "Supporting Vapaus aligns perfectly with our values. We're proud to invest in the future of sustainable transportation and employee well-being. Vapaus is a perfect partner, and we're excited to witness their continued success in the Nordics."

About Vapaus

Vapaus, By offering companies the most efficient, affordable, and accessible zero-emission benefit bike service, they encourage more people to ride. Riding a bicycle to work provides obvious health benefits that improve pleasure and well-being at work. Every day, they work to help as many people as they can move and feel better.

Read also - Copenhagen-based Go Autonomous Secures €10 Million in Series A Round Funding