Rebike Mobility, based in Munich, has successfully raised €13 million in a recent funding round to enhance its refurbished e-bike business across Europe. This strategic financial boost, led by Decathlon Pulse, aims to tap into the growing market for sustainable transportation solutions. Rebike Mobility’s focus on affordability and sustainability makes it a key player in the evolving e-bike sector, offering refurbished bikes as a viable option for eco-conscious consumers. This effort not only addresses affordability but also promotes the circular economy within the cycling industry.
How Will Rebike Utilize the New Funding?
The injection of €13 million is intended to scale up Rebike’s operations, particularly in Europe. The company plans to accelerate its refurbishment and sale of e-bikes, expanding its reach in the market. By leveraging Decathlon’s global reach and omnichannel expertise, Rebike aims to strengthen its position in the European e-bike sector.
What Makes Rebike Stand Out in the E-Bike Industry?
Founded by Thomas Bernik and Sven Erger in 2018, Rebike Mobility distinguishes itself by offering a wide array of refurbished e-bikes from reputable brands. The company operates Europe’s largest e-bike refurbishment center, ensuring high-quality products. Its partnerships with second-hand platforms like Decathlon and eBay further expand its customer base.
Past reports highlight Rebike Mobility’s consistent growth and its expanding network of partnerships. The company’s collaboration with BusinessBike and the operation of physical stores in Munich and Frankfurt demonstrate its commitment to both online and offline markets. Previous investments have paved the way for this latest funding round, underscoring the company’s potential to lead in sustainable mobility.
“Our alliance with REBIKE represents a beacon of innovation in the cycling industry,” stated Sophie O’Kelly de Gallagh, emphasizing the synergy between Decathlon Pulse’s global influence and Rebike’s specialized knowledge in e-bikes. This partnership aims to set new sustainability benchmarks within the sports sector.
Thomas Bernik expressed enthusiasm about the collaboration, stating, “By addressing consumer affordability and driving the trend of reuse, refurbished e-bikes are poised to become a standard in the bicycle sector.” He highlighted the potential for growth by utilizing Decathlon’s expertise.
The investment by Decathlon Pulse, along with contributions from existing investors like Circularity Capital and Tengelmann Ventures, confirms industry confidence in Rebike’s business model. The focus on the circular economy aligns with Decathlon Pulse’s sustainability strategy, promising further growth in the second-life market.
Rebike Mobility’s recent funding round marks a significant step in expanding its refurbished e-bike offerings across Europe. By leveraging strategic partnerships and focusing on circular economy principles, the company is positioning itself as a leader in sustainable mobility. As consumers increasingly prioritize eco-friendly options, Rebike’s model of affordability and sustainability offers a promising solution in the e-bike sector. This development reflects broader trends towards sustainable practices within the transportation industry, indicating a shift in consumer preferences and investment priorities.
