Berlin-based electric mobility subscription company Dance has raised €12 million in a mix of equity and debt financing, reinforcing investor confidence in its vision for sustainable urban transportation.
Strong investor backing
Dance’s funding round attracted notable investors, including Elemental, a Berlin-based sustainable lifestyle investor, Uli Schöberl (Apple), and Piotr Brzezinski (Fabric London). Additionally, Smart Lenders Asset Management, a Paris-based firm, provided an asset-backed debt facility, ensuring non-dilutive capital to support fleet expansion and operational growth.
With fresh funding, Dance aims to take its subscription-based electric mobility model to the next level. The company will continue innovating e-bike technology, refining its user experience, and expanding its fleet, making it easier than ever for city dwellers to opt for sustainable, convenient, and enjoyable transportation solutions.
This funding round will accelerate Dance’s mission to make cities more livable, connected, and efficient by expanding its e-bike subscription services across Paris, Berlin, Hamburg, and Munich.
What does Dance do?
Dance was founded in 2020 by Eric Quidenus-Wahlforss, Alexander Ljung, and Christian Springub in Berlin. Eric Quidenus-Wahlforss and Alexander Ljung are also co-founders of SoundCloud, a leading online audio distribution platform. Christian Springub co-founded Jimdo, a website builder platform. Dance focuses on providing electric bike subscriptions to promote sustainable urban transportation.
With its full service emobility subscription, members can easily explore their city with an electric bike or moped while benefiting from included maintenance, repairs and extra protection. Both individuals and businesses can make convenient and fun mobility choices without the hassle of ownership and the membership is flexible. Dance believes that the more people use electric mobility, the closer we get to connected and livable cities.
Corporate partnerships and customer base
With over 10,000 individual customers and 80+ corporate clients, Dance is making significant strides in urban mobility transformation. By offering a full-service subscription model, the company provides users with electric bikes and mopeds that include maintenance, repairs, and extra protection, all without the burden of ownership.
This flexible model caters to both individuals and businesses, making electric mobility accessible, cost-effective, and hassle-free. Its corporate partnerships further underscore its growing impact, helping companies integrate sustainable transportation solutions into their employee benefits programs.
Dance is on track to achieve full-year EBITDA profitability by 2025, demonstrating a scalable and financially viable business model. Beyond financial growth, Dance’s vision is deeply rooted in sustainability. By promoting electric mobility, the company is helping to reduce urban congestion, lower emissions, and create healthier cities. Each new subscriber represents a shift toward a more eco-friendly urban transport ecosystem.
Will this redefine the future of electric mobility?
As urban centres increasingly prioritise green transportation, Dance is all set to play a key role in shaping the future of electric mobility, where movement is not just efficient but also a force for a healthier, more livable world.
“We are looking forward to working with Dance. The type of financing we’re providing is typically reserved for larger players in the fintech industry. At Smart Lenders AM, we value innovations that deliver results, and Dance is a great example. Their strong financial performance and profitability across markets made us eager to be part of their journey,” said Erich Bonnet, CEO of Smart Lenders AM.
“We believe cities deserve better transportation options. At Dance, we’re leading this change with a premium, hassle-free e-bike subscription that empowers people to move freely and sustainably.” said Eric Quidenus-Wahlforss, Founder and CEO of Dance. “With this new investment, we will continue to scale our fleet and operations while refining our hardware, software, and service to make clean mobility more accessible for urban residents.”
