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Rebike Mobility closes €10 million Series B financing

Photo: Rebike foun­ders: Sven Erger and Thomas Bernik (from left)
16. March 2021

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.
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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).

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