Rebike Mobility closes €10 million Series B financing
Munich — Munich-based Rebike Mobility GmbH, operator of two e‑bike platforms, has successfully closed its Series B financing round. BayBG Bayerische Beteiligungsgesellschaft was involved as lead investor. The existing investors Vorwerk Ventures and STS Ventures also participated in the Series B round. The debt portion was arranged by Maturus Finance.
With the fresh capital, the startup, which was founded in 2018 and more than doubled its annual revenue again in 2020 to nearly €7 million, is further expanding its service and developing its platforms and e‑bike portfolio. The company sells used premium e‑bikes in mint condition via the platform www.rebike.de.
Via the portal www.ebike.abo.de, the company rents out new brand-name e‑bikes or S‑pedelecs for three to 18 months.
“With the eBike subscription, we enable people to get on or switch to an e‑bike. Also our offer of cheap used e‑bikes on rebike.de meets the nerve of the time. As a result, our business has developed very dynamically. Now is the right time to further expand our market position and scale our business. With BayBG, we have gained another financially strong investor who will accompany us in the long term,” explain Rebike founders Thomas Bernik and Sven Erger (photo).
“We see enormous potential in the company, the market and the product,” says Otto Hopfner, Senior Investment Manager at BayBG, describing the reasons for the investment. “The facts speak for themselves. According to the German Bicycle Industry Association (ZIV), nearly two million electric bicycles were sold in 2020, 43.4 percent more than in the previous year. E‑bikes are the means of transportation of the moment, as more and more people want to get around sustainably and healthily. We are very much looking forward to shaping tomorrow’s mobility together with Rebike and making e‑bikes available to everyone.”
Dirk Meurer, Managing Partner of Vorwerk Ventures, also sees his investment confirmed: “Rebike Mobility has been able to continuously and very successfully build up and expand its business since it was founded just over two years ago. An outstanding performance by the entire team, which impressively proves that Rebike is on the right track with its corporate strategy. We continue to see strong potential and are therefore happy to be part of the Series B round.”
About Rebike Mobility GmbH
Rebike Mobility GmbH, Munich is an e‑mobility startup founded in 2018. The innovative business model offers the right solution for every need: used, as-new premium eBikes (www.rebike1.de) at a reasonable price, an attractive eBike subscription model (www.ebike-abo.de) and eBike rental stations (www.rebike-verleih.de) in popular vacation regions. The product portfolio exclusively includes e‑bikes and S‑pedelecs from leading brand manufacturers. The company’s own value chain means that the life cycle of each individual e‑bike can be significantly extended, making an important contribution to climate protection. Founders and managing directors are Sven Erger, long-time mountain biker and connoisseur of the bike scene, and Thomas Bernik, successful serial entrepreneur. www.rebike.de.
About BayBG Venture Capital
With its venture capital team, BayBG Bayerische Beteiligungsgesellschaft mbH, Munich (BayBG), invests in Series A financing rounds and later in tech start-ups. Currently, the venture capital portfolio consists of over 30 technology companies. With an invested volume of 310 million euros, BayBG is one of the largest investment companies in Germany. In addition to venture capital for start-ups, BayBG offers medium-sized companies equity capital (equity and / or mezzanine) across all company phases and financing occasions. BayBG thus enables the implementation of innovation and growth projects, the optimization of the capital structure or the regulation of company successions.
Advisor BayBG: LUTZ | ABEL Rechtsanwalts PartG mbB
The consulting team around Jan-Phillip Kunz, LL.M. (lead management) consisted of Dr. Bernhard Noreisch, LL.M. (both VC / M&A, Munich), Dr. Cornelius Renner (IT Law and Data Protection, Berlin), Claudia Knuth and Xenia Verspohl (both Labor Law, Berlin), Ute Schenn and Nina Theresia Mutschler (both Commercial, Stuttgart) and Katharina Kendziur (Regulatory, Munich).