How much funding has Upway raised?

Upway has raised $115.0M in total funding, most recently a Series C round.

Who are Upway's investors?

Upway's investors include A.P. Moller Holding, Korelya Capital, Sequoia Capital, Exor Ventures.

Where is Upway headquartered?

Upway is headquartered in Paris, France.

Upway

Electric Bikes for Sale | Up to 60% Off | 1-Year Warranty

Paris, France · Founded 2021 · $115.0M raised

E-Commerce

Headquarters: Paris
Employees: 51–200
Founded: 2021
Business Model: Marketplace

Website: upway.co
Total Funding: $115.0M
Last Round: $60.0M Series CNov 2025
Rounds: 3

About

Upway is an online marketplace for certified refurbished e-bikes, founded in July 2021 in Paris by former Uber executives Toussaint Wattinne and Stéphane Ficaja. The platform buys pre-owned e-bikes from individuals, retailers, and manufacturers, refurbishes them, and resells them at up to 60% off retail prices with a one-year warranty. Upway operates in nine markets across Europe and the United States, having refurbished and sold over 100,000 e-bikes.

Summary

Upway is an E-Commerce company based in Paris, France, founded in 2021. It has raised $115.0M in total across 3 rounds, most recently a $60.0M Series C round in Nov 2025. Investors include A.P. Moller Holding, Korelya Capital and Sequoia Capital.