Circularity Capital has continued to build its portfolio of European growth stage businesses enabling the circular economy, by leading a €19 million growth capital round in REBIKE.
REBIKE has simultaneously raised €5 million in debt, contributing to a €24 million financing round in total.
A specialist in premium eBike rental and remanufacturing, German-headquartered REBIKE operates an eBike refurbishment process in-house, working hand-in-hand with its rental and subscription solution. Delivered through its proprietary in-house refurbishment facilities, REBIKE enables customers to purchase pre-loved eBikes in ‘as new’ condition – with mechanical parts replaced and electronic parts, such as the battery and motor, inspected and serviced.
Circularity Capital will play an active role in supporting the REBIKE management team as the company accelerates its global growth. Andrew Shannon, partner at Circularity Capital, has joined the board.
