2 years ago

HumanForest Raises £12 Million to Expand E-Bike Service in London

  • HumanForest, a London-based micromobility startup, has raised £12 million to expand its e-bike service across the UK capital

  • The funding includes a £5 million project finance facility from Triodos Bank UK and a £7 million equity investment

  • The company plans to use the funds to double its fleet of bikes, enhance its user app and advertising platform, and continue expanding its service range

  • HumanForest previously raised £2.3 million in August 2021.

      • ProblemTransportation

      "making e-bike rentals affordable and accessible to promote sustainable transportation in cities."

      Solution

      "offering a platform with rental e-bikes that include 10 minutes of free cycling per day, subsidized by an advertising technology platform."

      Covered on