February 1, 2022 - A new French startup called Upway has just raised €5 million in a seed round from Sequoia Capital and Global Founders Capital to build a marketplace for second-hand e-bikes reports Tech Crunch.
The company has a warehouse in Gennevilliers near Paris, and buys e-bikes from both customers and companies. A team of five checks and repairs them as needed and then Upway lists and sells the e-bikes on its website.
On average, bikes are 20% to 50% cheaper than their original cost and they offer many familiar brands such as Moustache, VanMoof, Cowboy and Canyon. All electric bikes come with a one year warranty.
Read the full story here and more about the company (in French) here.
