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