Dance raises another $19.4 million for its e-bike subscription service – TechCrunch

German startup Dance has raised $19.4 million in new funding (€16.5 million). The information comes simply weeks after the corporate started rolling out its e-bike subscription service in Berlin.

Eurazeo is main right this moment’s funding spherical. HV Capital and BlueYard are additionally investing, in addition to Dave Morin and James Higa from Offline Ventures, Nicolas Berggruen, Roxanne Varza and Verena Pausder.

As a reminder, Dance has designed its personal e-bike referred to as the Dance One. It includes a carbon belt, hydraulic discs, an built-in smartphone mount and a removable battery with an anticipated vary of 55 km.

Prospects don’t purchase the bike immediately. As a substitute, you may subscribe for €79 per thirty days (round $93 at right this moment’s change price). After that, it’s a no-fuss expertise. When you’ve got a flat tire or one other problem along with your bike, Dance can ship a mechanic to repair it for you.

There are not any long-term commitments, which suggests you could lease a Dance bike for a few months or a number of years. It may be an awesome providing for individuals who don’t bike recurrently already. This manner, they’ll see in the event that they really feel like using a motorcycle over the long term earlier than shopping for their very own bike.

Now that the bike design is prepared, the startup has to roll out its service. It’s only the start as there are “lots of” of Dance e-bikes within the streets of Berlin proper now.

However right this moment’s funding spherical will likely be useful as the corporate plans to double the scale of its workforce with new hires in operations and engineering. Dance will broaden to extra cities throughout Europe beginning in 2022.

Picture Credit: Dance | Dance raises one other $19.4 million for its e-bike subscription service – TechCrunch


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