Summary
Insights
Upway, a Paris-based marketplace for reconditioned e-bikes, has promising potential in the expanding e-mobility sector. Offering quality-assured, second-hand e-bikes, Upway addresses consumer concerns about cost, environmental impact, and reliability. Unlike traditional methods of buying new e-bikes or sourcing used ones through unreliable classifieds, Upway ensures all bikes meet strict quality standards. This makes the platform appealing to both budget-conscious and environmentally conscious buyers. Supported by investors like Sequoia Capital and Global Founders Capital, Upway is positioned to expand its market presence and scale effectively. With increasing demand for sustainable transport options, Upway is set to carve out a significant niche in the mobility and transportation space.
Investors
Sequoia Capital Series B
Korelya Capital Series B
Exor Ventures Series B
Global Founders Capital (GFC) Unknown