Dance has announced it has raised €20 million in debt financing to expand its electric mobility subscription service.
The funding round was led by TriplePoint Capital and brings the company’s total funding to €56 million.
Some of the individual investors include Lavinia Errico, Co-Founder of Equinox, the CEO of Douglas Tina Müller, and Michelle You, Founder and CEO of Supercritical.
They join existing investors like will.i.am, Maisie Williams and Chance the Rapper.
“We are on a mission to make cities around the world more livable by inspiring people to choose more sustainable, healthy and joyful ways to move,” said Tobias Jordan, Chief Financial Officer at Dance.
“By tapping into the various sources of funding available to us, we can efficiently expand our portfolio and geographical reach as we continue to build our full-service mobility membership.”
The news comes hot on the heels of Dance’s recent expansion into four more cities, and unveiling of e-mopeds to its fleet from spring this year.
“What makes Dance different is that we provide the benefits of owning an e-bike or e-moped without the hassle,” said Eric Quidenus-Wahlforss, Dance Co-Founder and CEO.
“Our research shows the majority of Europeans recognise that e-bikes and e-mopeds can replace a car commute and can benefit the environment; a flexible, full-service option like Dance can compel more people to try more sustainable travel.”