Upway logo — Building the largest platform for reconditioned e-Bikes, mak...

Upway

Building the largest platform for reconditioned e-Bikes, making electric mobility more affordable and reducing waste

Founded 2019 France France 313 employees Series C Total: $117.60M E-Commerce

General Information

Company Name Upway
Founded Year 2019
Location France France
Founders / Decision Makers
Team member
Employees 313
Industries E-Commerce
Funding Stage Series C
Business Model Marketplace, E Commerce, B2C
Revenue Model Product Sales, Marketplace Fee, Service Fee
Social

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About Upway

Upway, founded in 2019 in France, is on a mission to transform urban transportation by building the largest platform for reconditioned e-Bikes. Their slogan, "Building the largest platform for reconditioned e-Bikes, making electric mobility more affordable and reducing waste," encapsulates their dual focus on increasing access to electric mobility and promoting environmental sustainability.

Operating in the E-Commerce industry, Upway seeks to accelerate the adoption of e-bikes, offering cost-effective options for those looking to transition away from car dependence. The company recently secured a substantial $60.00M Series C investment on 07 November 2025, with participation from prominent investors such as Origins, Galvanize, AP Moller Holding, Korelya Capital, Transition, Ora Global, Sequoia Capital, and Exor Ventures. This investment underlines the robust confidence and support from the venture capital community, emphasizing its growth potential and strong market position.

Business keywords: reconditioned e-bikes, electric mobility, sustainable transportation, waste reduction, affordable e-bikes, e-bike inspection, product reconditioning, online e-bike platform, home delivery, eco-friendly transportation, second-hand e-bikes, green technology, e-bike warranty, sustainable business model

Services & Products

Sales of reconditioned electric bicycles
Bicycle trade-in and resale services
Providing warranty and maintenance for bikes
Offering accessories for electric bicycles

Target Customers

Urban commuters Eco-conscious consumers Recreational cyclists Individuals seeking cost-effective transportation

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series C $60.00M 8
Origins, Galvanize +6
07 Nov 2025
Series B €27.60M 4
Korelya Capital, Transition +2
16 Nov 2023
Series A $25.00M 5
Origins, Global Founders Capital +3
31 May 2022
Seed Round €5.00M 1
Sequoia Capital
29 Nov 2021

Upway Alternatives & Competitors

View All Alternatives
Upway vs
Underdog
Underdog France

L'expert de l'électroménager reconditionné. Ensemble, changeons la donne !

Seed
57 employees
E-Commerce, Retail
Upway vs

We are shaping the mobility of tomorrow and make premium e-bikes accessible to everyone.

Venture round
87 employees
E-Commerce, Internet
Upway vs
musicMagpie
musicMagpie United Kingdom

The smart, sustainable and trusted way to buy, rent and sell.

Private Equity
218 employees
Consumer Electronics, E-Commerce

FAQ About Upway

Building the largest platform for reconditioned e-Bikes, making electric mobility more affordable and reducing waste
Upway was founded in 2019.
Upway is headquartered in France.
Upway operates in E-Commerce. Its work centres on reconditioned e-bikes, electric mobility, sustainable transportation and waste reduction. Its customers include Urban commuters, Eco-conscious consumers and Recreational cyclists.
Upway has a Marketplace, E Commerce and B2C business model. Its revenue comes from Product Sales, Marketplace Fee and Service Fee.
Upway has approximately 313 employees.
Upway has completed 4 funding rounds, raising a total of $117.60M. The latest funding stage is Series C.
Upway offers: Sales of reconditioned electric bicycles, Bicycle trade-in and resale services, Providing warranty and maintenance for bikes, Offering accessories for electric bicycles.
Top alternatives and competitors to Upway include Underdog, Rebike Mobility GmbH, musicMagpie, Tuvalum, rebuy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Upway and Underdog are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Upway, https://bouncewatch.com/company/upway, updated 6 August 2026. When citing, please name BounceWatch and link this page.

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