Summary
Insights
Upway's business model of offering refurbished e-bikes in Paris has strong potential. By targeting eco-conscious and cost-sensitive consumers, Upway addresses the high cost of new e-bikes and the environmental impact of producing them. Their selling points—affordability and sustainability—make them a compelling alternative to new e-bikes, traditional bicycles, or more polluting transportation. Backed by investors such as Sequoia Capital and Exor Ventures, Upway is poised for growth in a market focused on sustainable and cost-effective solutions.
Investors
Sequoia Capital Series B
Korelya Capital Series B
Global Founders Capital (GFC) Series A
Exor Ventures Series A