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Reconditioned e-bike firm raises £20 million investment funding

June 17, 2022

Upway, a refurbished e-bike specialists, have secured Series A funding to the value of £20mn, led by investors Exor Seeds and Sequoia Capital.

The Paris based business, founded in 2021 by Toussaint Wattinne and Stéphane Ficaja, both former senior executives at Uber, previously attracted £4.26mn in funding from Sequoia and Global Founders Capital during November of 2021. Cycling Industry