E-bike Subscription Service Dance Raises €12M

Berlin-based e-mobility subscription company Dance has successfully raised €12 million in combined equity and debt financing, according to a company press release issued today. This fresh capital will fuel the startup's mission to create more sustainable urban transportation options across its current markets.

The funding round attracted new equity investors including sustainability-focused Elemental, Uli Schöberl from Apple, and Piotr Brzezinski of Fabric London. Paris-based Smart Lender Asset Management provided the asset-backed debt facility, marking a significant milestone for Dance as this type of financing is typically reserved for larger fintech companies.

With over 10,000 customers and more than 80 corporate clients, Dance is on track to achieve full-year EBITDA profitability in 2025. The company currently operates in Berlin, Hamburg, and Munich in Germany, as well as Paris, France.

"We believe cities deserve better transportation options. At Dance, we're leading this change with a premium, hassle-free e-bike subscription that empowers people to move freely and sustainably," said Eric Quidenus-Wahlforss, Founder and CEO of Dance.

The new funding will be directed toward expanding Dance's fleet, refining its hardware and software offerings, and strengthening operations in existing markets. The company's business model offers a full-service subscription that includes maintenance, repairs, and theft protection, eliminating the hassles of ownership while promoting sustainable mobility.

Dance was founded by SoundCloud creators Eric Quidenus-Wahlforss and Alexander Ljung, together with Jimdo co-founder Christian Springub.