E-mobility subscription company Dance announces €20 million debt financing and welcomes additional individual investors on the heels of its international expansion

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Dance

After unveiling new e-bikes and emopeds, Dance continues its growth trajectory with additional funding to expand its subscription service

BERLIN – March 22, 2022 – Shortly after announcing its entry into two new countries and unveiling complementary products, the electric mobility subscription company Dance raised €20 million in debt financing from Silicon Valley-based TriplePoint Capital. This latest funding brings the company’s total funding to €56 million. Proceeds will be used to fuel Dance’s continued expansion and growth as it brings its full-service ebike and emoped membership to more cities. Additionally, the company continues to attract well-known individual investors who are excited about Dance’s strategy and growth prospects, including:

  • Lavinia Errico, co-founder of Equinox, one of America’s leading luxury fitness and lifestyle companies

  • Tina Müller, CEO of Douglas, Europe’s leading high-end beauty group

  • Michelle You, Founder and CEO of Supercritical, software that empowers people to footprint, reduce and offset their climate impact

  • Erin & Blixa Bargeld, Einstürzende Neubauten

They join existing investors like will.i.am, Maisie Williams and Chance the Rapper. “We’re on a mission to make cities around the world more livable by inspiring people to choose more sustainable, healthy and joyful ways to get around,” said Tobias Jordan, Chief Financial Officer of Dance. “By tapping into the various funding sources available to us, we can effectively expand our portfolio and geographic reach while continuing to grow our full-service mobility membership,” added Jordan. “What makes Dance different is that we provide the benefits of owning an e-bike or emoed without the hassle,” said Eric Quidenus-Wahlforss, co-founder and CEO of Dance. “Our research shows that the majority of Europeans recognize that e-bikes and mopeds can replace a car journey and can be beneficial for the environment; a flexible, full-service option like Dance can compel more people to try more sustainable trips,” Quidenus-Wahlforss added.
For more on Dance, which is currently live in Berlin, Hamburg and Munich, please visit dance.co. To learn more about its Dance for Business offering, which provides companies with a way to provide their employees with a convenient and sustainable transportation benefit, please visit dance.co/business. The company is rolling out its service in Vienna and Paris in the spring of 2022.

ABOUT DANCE
At Dance, we believe getting where you want to go should be simple and sustainable. With our e-mobility subscription, members can easily explore their city with an e-bike or moped while benefiting from maintenance and repairs included. Individuals and businesses can make convenient and fun mobility choices without investing in ownership: membership is flexible. Ultimately, Dance believes the more people use electric mobility, the more we can create more connected and livable cities. The Dance is currently live in Germany (Berlin, Hamburg, and Munich), with launches in Vienna and Paris in spring 2022. The company was founded by SoundCloud founders Eric Quidenus-Wahlforss and Alexander Ljung, with co- Jimdo founder, Christian Springub. Investors include BlueYard, HV Capital and Eurazeo. To learn more, visit https://dance.co.


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