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Dance raises $19.4 million in funding following e-bike scheme launch

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German micromobility operator Dance has raised $19.4 million in funding, shortly after launching its e-bike scheme in Berlin.

The new investors include Eurazeo, HV Capital and BlueYard, as well as Dave Morin and James Higa from Offline Ventures, Nicolas Berggruen, Roxanne Varza and Verena Pausder.

This funding round will support Dance’s plans to expand its service to more European cities next year.

Dance launched its e-bike subscription service in Berlin in late August, with riders charged $79 per month for access to its e-bike, Dance One.

Riders can hire an e-bike using the Dance App, through which they can also access on-demand repair services.

“One of the things that attracted us to working with Eurazeo is their international perspective from Paris — a city I admire for making amazing strides in cycling infrastructure in just a few years,” said Dance CEO Eric Quidenus-Wahlforss.

“Decarbonization is something we as a society don’t just have to hope for. We can make it happen by encouraging more people to choose an e-bike over a car — and by giving people the support they need to make cycling commutes easy.

“Dance was founded to make more sustainable cities possible — and with this latest round of funding, we’re closer to achieving our goal by growing the team, scaling our operations, expanding into other markets and of course – bringing more joy to the streets.”

The operator was established by SoundCloud founders Quidenus-Wahlforss and Alexander Ljung, and co-founder of Jimdo, Christian Springub.

Dance secured an additional $18 million in funding prior to launching in Berlin.

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