Existing corporate investor Vorwerk Ventures contributed to an $11.9m round that will support the expansion of Rebike's e-bike rental service.
Germany-based electric bicycle sharing service Rebike Mobility has completed a €10m ($11.9m) series B round featuring Vorwerk Ventures, the corporate venturing arm of household product retailer Vorwerk, Tech.eu reported yesterday.
Growth equity provider BayBG Bayerische Beteiligungsgesellschaft led the round, which was also backed by STS Ventures, the investment vehicle for entrepreneur Stephan Schubert.
Rebike owns an online marketplace for e-bikes called Rebike.de in addition to e-bike subscription service Ebike-abo, and intends to put the series B funds into expanding the…
