German E-Mobility Subscription Startup Dance Announces new Funding

German e-mobility startup, Dance, has raised €12 million in additional equity and debt capital. The equity raise is led by existing investors HV Capital, Eurazeo and BlueYard. 

The proceeds will be used to continue executing on Dance’s mission to offer sustainable mobility solutions in its 5 operating cities — Paris, Berlin, Hamburg, Munich and Vienna.

Dance offers electric bikes and mopeds on a monthly subscription basis to thousands of customers.

Shortly after booking, the company delivers an ebike or moped ready to ride with services including repairs and theft insurance.

At the start of 2023, Dance announced a partnership with the startup IoT Venture, a pioneer in the connected bike sector.

Its smart technology enables the location and recovery of bikes and protects Dance's ebikes even better against theft.

Dance Founder and CEO, Eric Quidenus-Wahlforss, says: “We are proud that we have made great progress in 2022, despite a challenging economic environment. We started last year with a few hundred members in Berlin and have quickly grown to many thousands across Paris, Berlin, Hamburg, Munich and Vienna validating the demand for our sustainable mobility solutions and the power of subscriptions versus owning or sharing a vehicle. With the launch of Dance For Business we enable companies to provide Dance ebikes and mopeds as an employee benefit. By continuously growing our movement, we are driving the evolution of cities and making a significant, positive contribution to climate change.”

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