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.
88: Revisiting High-End Shared Micromobility - The Bond Model with CEO, Raoul Stรถckle
87: Talking subscriptions and premium brands with David Hyman, CEO of Unagi Scooters
86: Measuring Micromobility and Talking Hypercars
85: The Dott Model - talking European micromobility with co-founders Maxim Romain and Henri Moissinac
84: Designing cities for Micromobility with Skye Duncan, Global Designing Cities Initiative at NACTO
83: The War On Cars - Talking with Doug Gordon
82: The biggest bikeshare in America - talking with Laura Fox, Lyft's General Manager for Citi Bike in New York
81: Markets for Trust - why blockchains matter with Horace Dediu and Anders Brownworth
80: Decarbonizing Transport with Andrew Salzberg, Loeb Fellow and former Head of Transportation Policy at Uber
79: The agile incumbent: talking e-bikes with Ian Kenny and Chris Yu of Specialized
78: Products vs Platforms: the end of the Segway and the start of Apple in Micromobility
77: Talking the future of Mobility-As-A-Service with Jake Sion, COO of Transit
76: Ebikes, Maps and Adword Dystopia
75: A trip down memory lane with Jump founder, Ryan Rzepecki
74: Vanmoof Again! - Talking S3/X3 with CEO Taco Carlier
73: A Slow and Steady Approach to Micromobility - Ben Bear from Spin
72: Micromobility, pricing, politics and Friedrich Hayek
71: Recode's Kara Swisher being interviewed by Felix Salmon on post-car travel/micromobility
70: Micromobility operations with industry veteran Tarani Duncan - ex-Citibike, Jump and Mapbox
69: The largest micromobility manufacturer in the world - Tony Ho of Segway/Ninebot
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