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.
68: The connection between antifragility, disuptive innovation and micromobility
67: Micromobility Infrastructure - challenges and opportunities with The Transportist, Professor David Levinson
66: Exploding demand for Delivery Worker Micromobility - Mina Nada of Bolt Bikes
65: Viral Nature: thinking about the impact of coronavirus on micromobility with Horace
64: Getting to a Better Place with mobility - Michael Granoff from Maniv Mobility
63: Escalators, Elevators and Stairs, and the Job-to-be-done of micromobility
62: The latest on the war over micromobility data - a conversation with David Zipper
61: Scooter parking - a missing part of the puzzle with Colin Roche from Swiftmile
60: How does micromobility conform to disruptive innovation theory?
59: Backing the best in micromobility - a conversation with Kevin Talbot, GP of Relay Ventures
58: Micromobility from the beginning - a conversation with Sanjay Dastoor, CEO of Skip and co-founder of Boosted Boards
57: The Trough of Disillusionment - unpacking hype, adoption and funding
56: Building the Largest Micromobility Player in the World, with Joe Kraus, President of Lime
55: At the intersection of regulation and new mobility with Emily Castor Warren of Lime, Lyft and more
54: Unpacking the Impact of Intelligent Micromobility with Superpedestrian CEO, Assaf Biderman
53: Beautiful e-bikes for billions of people - The Vanmoof Story with CEO Taco Carlier
52: The Global Shared Scooter Sharing Market - talking with Felix Jakobsen and Enrico Howe from Unu Motors
51: Micromobility in India - the story of Bounce with SVP, Growth, Bharath Devanathan
50: Laying the foundation for the Mobility-as-a-Service transport system: Sam Baker, COO of Wunder Mobility
49: Hardware Standards, Cybertruck and The Autonomy Boondoggle
Create your
podcast in
minutes
It is Free
Back to Work
DLC
Podcast Method
Hypercritical
The Ruby on Rails Podcast