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 Stéphane 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 🚲 Upway, a company specializing in selling refurbished electric bikes, has successfully raised over $30 million in Series B funding. 🌍 Founded in 2021 and based in Paris, Upway has expanded to Belgium, Germany, the Netherlands, and the United States. 🔄 They have refurbished over 20,000 electric bikes from more than 400 brands, offering up to 35% discount compared to new bikes. 🛠️ 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. 📈 Despite initial skepticism, the market demand for used ebikes has been strong, with Upway receiving high customer satisfaction ratings. 🤝 Upway collaborates with over 1500 retailers and ebike dealers, using trading software for customer trade-ins and managing returns for D2C manufacturers. 📊 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.
187: Spatial computing and what it means for micromobility with Horace Dediu
186: The story of premium two wheeler Cake Motorbikes with founder Stefan Ytterborn
185: Subscription-as-a-Service - unpacking a new micromobility business model with Micro OG and Tempo founder Michael Keating
184: The story of Onyx Motorbikes with founder Tim Seward and CEO James Khatiblou
183: Cool Californian Cruisers: the story of Electra Bikes with CEO Kevin Cox
182: A microcar (some of the time!) - the story of City Transformer with founder Udi Meridor
181: Building iconic micro-cars with Microlino founder, Oliver Ouboter
180: Exploring public-private Shared Micromobility with Caroline Sampanaro, head of micromobility and transit policy at Lyft
179: Exploring the Future of Micromobility with Kersten Heineke, of the McKinsey Center for Future Mobility
178: Creating Premium Owned Scooters - the story of Apollo with founders Maciek Piskorz and Chris Heathcote-Rey
177: Horace Dediu on the Next Billion Cars Podcast
176: The power and potential of E-bike subsidies with Grace Rink - Chief Climate Officer of Denver City
175: Micromobility fires, standards and transport equity with Melinda Hanson
174: Building award-winning e-moped and e-bike subscriptions in Sweden: Rickard Bröms of Vässla
173: The U.S politics of micromobility with Matt Yglesias and Julia Thayne DeMordaunt
172: The Apple Car Conundrum with Horace Dediu
171: Building the most popular ebike in America - The crazy story of Lectric Ebikes with founder Levi Conlow (also - launch of their XPedition cargo bike!)
170: Talking micro EV’s with Gabe Klein, head of the US Joint Office of Energy and Transportation
169: What Tech has got right and wrong about mobility with Kara Swisher, Horace Dediu and Julia Thayne
168: The story of the distinctive E-bike - Super73 with founder LeGrand Crewse
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