Ride AI by Micromobility Industries
Technology:Gadgets
Oliver Bruce is back for this episode!
Upway is an innovative company in the e-bike marketplace, specializing in the refurbishment and resale of electric bikes. Founded in 2021 and headquartered in Paris, France, Upway has made significant strides in the e-bike industry. Toussaint Wattinne, the CEO and co-founder of Upway, along with co-founder StΓ©phane Ficaja, have backgrounds in leading roles at Uber Eats, bringing their expertise in tech-driven business models to the e-bike industry. The company is notable for refurbishing and certifying a vast array of electric bikes, offering customers a wide selection of over 400 brands. As of March 2023, Upway had refurbished and certified more than 20,000 electric bikes, showcasing its commitment to providing quality and sustainable transportation options. The company has successfully expanded its services beyond France, with availability in Belgium, Germany, the Netherlands, and the United States. This expansion is a testament to the growing demand for sustainable and affordable mobility solutions. Upway's approach to e-bike sales centers around a seamless ordering and delivery process, ensuring that the bikes and their batteries are of high quality and safe for use. This business model has attracted notable investors like Sequoia Capital, Global Founders Capital, Exor Seeds, and Origins, contributing to Upway's impressive total funding of $60.6 million. Highlights π² Upway, a company specializing in selling refurbished electric bikes, has successfully raised over $30 million in Series B funding. π Founded in 2021 and based in Paris, Upway has expanded to Belgium, Germany, the Netherlands, and the United States. π They have refurbished over 20,000 electric bikes from more than 400 brands, offering up to 35% discount compared to new bikes. π οΈ Upway's business model focuses on rebuilding trust in the used ebike market by refurbishing bikes to a high standard and offering a one-year warranty. π Despite initial skepticism, the market demand for used ebikes has been strong, with Upway receiving high customer satisfaction ratings. π€ Upway collaborates with over 1500 retailers and ebike dealers, using trading software for customer trade-ins and managing returns for D2C manufacturers. π The business mix varies by region, with a significant portion of sourcing in Europe coming from dealers, while in the US, direct consumer purchases and manufacturer returns play a larger role.
48: The Data-play of Micromobility - William Henderson, CEO of Ride Report
47: The Potential of Abundance - the parallels of Nokia-to-influencers in micromobility
46: Big micromobility - hitting the 500kg limit with Arcimoto CEO Mark Frohnmayer
45: Owned Premium Lightweight Scooters - the Unagi story with CEO David Hyman
44: Self-driving scooters are coming! - Talking autonomous micromobility with Dmitry Shevelenko, CEO of Tortoise
43: Shared Mopeds: next generation micromobility with Frank Reig, CEO of Revel
42: Micromobility Podcast Live from Berlin! - Micromobility in Germany and OEM disruption
41: Implications of a Zero $ per Mile Marginal Cost
40: Investing in Micromobility :: Martin Mignot of Index Ventures
39: The Market for Owned Micromobility :: Jeff Russakow, CEO of Boosted
38: Assessing the Market for Micromobility in African and Asian cities
37: Micromobility in Europe - an Interview with Lawrence Leuschner, Co-Founder of Tier
36: Micromobility and Car Parking
35: Sampo Hietanen from MaaS Global/Whim on Micromobility
34: Tiffany Chu from Remix on planning for micromobility, MDS and more
33: Creative Destruction: an update on shared micromobility business models
32: David Zipper on the war over micromobility data standards
31: mMeetup - What makes Micromobility Disruptive?
30: Regulating Micromobility β the Christchurch case study
29: The Micromobility Software Panel from MM California
Create your
podcast in
minutes
It is Free
Back to Work
DLC
Podcast Method
Hypercritical
The Ruby on Rails Podcast