March 28, 2024
Founded in 2021, Upway is a French startup that sells refurbished electric bikes.
The company buys used e-bikes from retailers, manufacturers and private users and refurbish them in its workshops before selling to the end customers.
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Upway has refurbished and sold over 20 000 e-bikes across France, Germany, Netherlands, Belgium and the US. They are offering all categories of e-bikes (from City/Folding to Cargo), and a large range of brands (Rad Power, Riese & Müller, Scott, Moustache,…), with up to 60% discounted price.
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BNP Paribas Cardif has supported the French startup in its Series B fundraising in the beginning of this year through its C. Entrepreneurs fund (along with Cathay Innovation).
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*source: The Moving World report, UP partners
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