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 Stรฉphane 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 ๐ฒ Upway, a company specializing in selling refurbished electric bikes, has successfully raised over $30 million in Series B funding. ๐ Founded in 2021 and based in Paris, Upway has expanded to Belgium, Germany, the Netherlands, and the United States. ๐ They have refurbished over 20,000 electric bikes from more than 400 brands, offering up to 35% discount compared to new bikes. ๐ ๏ธ 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. ๐ Despite initial skepticism, the market demand for used ebikes has been strong, with Upway receiving high customer satisfaction ratings. ๐ค Upway collaborates with over 1500 retailers and ebike dealers, using trading software for customer trade-ins and managing returns for D2C manufacturers. ๐ 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.
167: โEtilityโ - what electric bikes offer with Benno Baenziger, the founder of Benno Bikes
166: Ryvid - an electric motorbikes for the masses - with founder Dong Tran
165: The marketplace for mobility - the largest shared mobility aggregator app in Europe with Robin Eriksson from Cogo App
164: What is Micromobility and why does it matter (2022 edition) Rerelease
163: The crazy story of self balancing enclosed motorbikes and their potential for micromobility - Danny Kim from Lit Motors
162: A true smartphone on wheels? What happens when you think of bikes as computers with David Hansen of Weel.
161: Building premium utility ebikes for families and more with Tern Team Captain Josh Hon
160: The RAD world of Micromobility with Mike Radenbaugh, founder of Rad Power Bikes
159: How Micromobility wins last mile package delivery with HIVED founder Murvah Iqbal
158: 5 Billion Riders - Why Horace Dediu thinks micro will be the biggest transport story of the next 20 years.
157: The biggest ecargo bike consumer subscription business in the world - Ben and Dan Carr from Lug and Carrie
156: The inexorable rise of Micromobility in Kenya and West Africa - the story of Roam Motors with Albin Wilson
155: Stilride's Metal Origami - The significance of new bike production methods with founder Jonas Nyvang
154: Investing in B2B SaaS for micromobility - Sam Baker at Mobility Fund
153: The Mega (and Profitable!) Micromobility Market of South Korea - the story of Swing with founder San Kim
152: Introducing Ride Review - the premier vehicle ratings source - with James Gross of Micromobility Industries
151: The Life of Lime - A conversation with Wayne Ting, CEO of Lime
150: Money for micromobility - the latest VC panel from MM America.
149: Building profitable shared Micromobility in the emerging world - With Alper Oktem of Marti
148: Talking Cities, Tranformation and Micromobility with Rocky Mountain Institute's Julia Thayne Demordaunt
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