Upway closes $60 million funding round; plans e-bike refurb centers in Denver and other US cities

November 12, 2025

Refurbished e-bike brand Upway closed a $60 million Series C funding round last week led by an investment by Copenhagen’s A.P. Moller Holding. The company said it is looking for U.S. growth and plans to open used e-bike refurbishment centers in Denver and other U.S. cities. Bicycle Retailer