Dance operates a subscription service for electric bikes and mopeds, offering a premium, hassle-free alternative for urban mobility. The company runs fleets in Paris, Berlin, Hamburg and Munich and was launched in 2020 by SoundCloud founders Eric Quidenus-Wahlforss and Alexander Ljung together with Jimdo co-founder Christian Springub. Dance reports over 10,000 customers and more than 80 corporate clients. The business is on track for full-year EBITDA profitability in 2025. Recent plans focus on scaling fleet and operations while refining hardware, software and service to expand access to clean mobility. Its latest financing combines equity and an asset-backed debt facility to support sustainable growth. Dance provides electric bikes and mopeds on a monthly subscription basis that include servicing, repairs, theft insurance and replacement bikes. The company launched out of Berlin in 2020 and is now available in Paris, Hamburg, Munich and Vienna. Dance also sells its vehicles as an employee benefit via Dance For Business and has signed partners including Google and Urban Sports Club. A partnership with IoT Venture helps locate and recover bikes in theft cases. The startup says its largest market is Paris, where it has seen strong uptake tied to the city's plans to expand bike lanes. The company reports growth from a few hundred members to many thousands across its markets. Dance operates an electric mobility subscription service that removes the hassle of e-bike ownership by offering full-service mobility memberships. The company has expanded its product line with an e-moped option and launched Dance for Business to provide sustainable transportation perks for employers. Dance emphasizes a superior end-user experience, supported by founders Eric Quidenus-Wahlforss, Alexander Ljung (SoundCloud), and Christian Springub (Jimdo). It is pursuing international expansion, having recently entered Hamburg, Munich, Vienna, and Paris. Financially, Dance has tapped debt financing to fund growth and has raised €56 million in total to date. The business has also attracted a roster of high-profile angel backers, which the company cites as helping fuel its scaling plans. Dance designs and operates an e-bike subscription service centered on its proprietary Dance One electric bike. The Dance One features a carbon belt, hydraulic disc brakes, an integrated smartphone mount and a detachable battery with an expected range of 55 km. Customers subscribe for €79 per month rather than buy the bike, with no long-term commitments and on-demand mechanic support for flats and repairs. The company has begun rolling out the service in Berlin and there are "hundreds" of Dance e-bikes currently on the streets. Dance recently raised €16.5 million ($19.4 million) in new funding to support operations and expansion. It plans to double its team with hires in operations and engineering and expand to more cities across Europe starting in 2022. Dance offers an all-inclusive e-bike subscription that delivers a fully assembled e-bike to subscribers’ doors within 24 hours and includes maintenance, theft-replacement insurance, a dedicated smartphone app, concierge services, and GPS tracking/unlocking. The service is currently running an invite-only pilot in Berlin and the founders say they have received strong global interest since the pilot launch. Dance plans a broader launch next year with expanded accessibility, availability and service in new cities across Europe and eventual expansion to the U.S. The company was founded by Eric Quidenus-Wahlforss, Alexander Ljung and Christian Springub. The raise comes amid a post-lockdown e-bike boom noted in the article (U.K. sales surged ~230%) and growing urban bike infrastructure in the EU. Dance positions itself between ownership and on-demand rentable micromobility by removing upfront cost and maintenance friction.

Total raised

$86M

Funding rounds

8

Latest round

Equity

Latest activity

Mar 2025