5 years ago

HumanForest Raises €2 Million to Expand Free Shared E-Bike Service in London

  • HumanForest, a British startup offering free shared e-bikes in London, has raised €2 million from investors including Cabify founders

  • The funding will be used to expand the fleet to 2,000 e-bikes within a year

  • HumanForest aims to provide a sustainable and affordable alternative to traditional transportation options in London, with a focus on corporate subscriptions and a free 20-minute ride for all users

  • The company has seen significant growth since its launch in June, with over 14,000 riders taking almost 42,000 rides

  • The investment will also support the rollout of 1,000 new e-bikes arriving at the end of the month.

      • ProblemTransportation

      "Urban transportation faces challenges in sustainability, affordability, and accessibility, contributing to congestion and pollution."

      Solution

      "HumanForest provides a dockless e-bike sharing service with a free initial usage period, promoting eco-friendly transportation options and offering an affordable alternative to traditional commuting methods."

      Covered on