Upway, a Paris-based company that sells reconditioned electric bikes, has raised $25 million (£20m) led by investors Exor Seeds and Sequoia Capital.
The business, founded in 2021 by Toussaint Wattinne and Stéphane Ficaja, both former senior executives at Uber, previously attracted £4.26 million in funding from Sequoia and Global Founders Capital in November 2021.
The company’s platform allows users to buy secondhand electric bikes.
The new funding will be used to launch in new markets in Europe and the U.S. this year.
