Dance, an electric mobility subscription company, has raised €12 million in equity and debt.
With the funding, the Berlin-based company plans to develop its software and hardware and to expand its fleet, offering e-bikes in Paris, Berlin, Hamburg and Munich.
The round included participation on the equity side from Elemental and investors from Apple and Fabric London. Smart Lender Asset Management provided the asset-backed debt facility.
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“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.” said Eric Quidenus-Wahlforss, founder and CEO of Dance. "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."
Erich Bonnet, CEO of Smart Lender Asset Management, said the firm is looking forward to working with Dance.
“The type of financing we’re providing is typically reserved for larger players in the fintech industry,” Bonnet said. “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.”
Dance has gone through a number of funding rounds already. The company raised €12 million in 2023, €20 million in 2022, €16.5 million in 2021 and €15 million in 2020.