Upway Raises $60 Million to Scale Its Refurbished E-Bike Network

Upway, a leading e-bike refurbisher, has secured $60 million in new Series C funding with a goal of refurbishing 1 million bikes by 2030. This investment is led by A.P. Moller Holding with support from Galvanize, Ora Global, and also from Sequoia Capital, Exor Ventures, Transition, Origins, and Korelya Capital., signals strong market confidence in the circular economy model for personal mobility.

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