Berlin-based electric mobility startup Dance has successfully raised €12 million in a mix of equity and debt financing, further solidifying investor confidence in its vision for sustainable urban transportation.
Investor Confidence Fuels Dance’s Expansion
The latest funding round attracted high-profile investors, including Berlin-based sustainable lifestyle investor Elemental, Uli Schöberl (Apple), and Piotr Brzezinski (Fabric London). Additionally, Smart Lenders Asset Management, a Paris-based firm, has provided an asset-backed debt facility, offering non-dilutive capital to support fleet expansion and operational growth.
With this financial boost, Dance is set to enhance its electric mobility subscription service, refine e-bike technology, and improve the user experience. The goal? To make sustainable transportation more accessible, seamless, and enjoyable for city dwellers.
This investment will accelerate the company’s expansion across Paris, Berlin, Hamburg, and Munich, making cities more livable, connected, and efficient.
What Is Dance?
Founded in 2020, Dance was created by Eric Quidenus-Wahlforss, Alexander Ljung, and Christian Springub in Berlin. Notably, Quidenus-Wahlforss and Ljung are also co-founders of SoundCloud, while Springub co-founded Jimdo, a website builder platform.
Dance provides a full-service electric mobility subscription, allowing members to navigate their cities via electric bikes or mopeds without the complexities of ownership. The all-inclusive membership covers maintenance, repairs, and extra protection, ensuring a hassle-free experience for both individuals and businesses.
The company believes that the widespread adoption of electric mobility can transform urban centers into more connected and livable spaces.
Corporate Partnerships & Growing Customer Base
With over 10,000 individual customers and 80+ corporate clients, Dance is making significant strides in the urban mobility sector. Its subscription-based model eliminates the burden of ownership, offering users a more flexible and cost-effective alternative to traditional transportation.
For businesses, Dance’s corporate partnerships allow companies to integrate sustainable transportation solutions into employee benefit programs, supporting eco-friendly commuting.
The company is on track to achieve full-year EBITDA profitability by 2025, demonstrating a scalable and financially viable business model. However, beyond financial success, Dance is on a mission to lower urban emissions, reduce congestion, and promote healthier cities.
Shaping the Future of Electric Mobility
As more cities prioritize green transportation, Dance is well-positioned to redefine urban mobility. By making e-bike and moped subscriptions mainstream, the company aims to create a future where city transportation is efficient, sustainable, and hassle-free.
Commenting on the investment, Erich Bonnet, CEO of Smart Lenders AM, said:
“We are looking forward to working with Dance. The type of financing we’re providing is typically reserved for larger players in the fintech industry. At Smart Lenders AM, we value innovations that deliver results, and Dance is a great example. Their strong financial performance and profitability across markets made us eager to be part of their journey.”
Meanwhile, Dance’s CEO and co-founder, Eric Quidenus-Wahlforss, shared his vision:
“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. “With this new investment, we will continue to scale our fleet and operations while refining our hardware, software, and service to make clean mobility more accessible for urban residents.”
With strong investor backing, a growing customer base, and a clear mission for sustainability, Dance is on course to reshape urban mobility—one e-bike at a time.
For more startup news, click here.
