CleanTechnica•about 1 month ago
E-bike Refurbisher Upway Raises $60M In Funding
Key Takeaway
The substantial investment in e-bike refurbishment signals rapid e-mobility expansion, which will significantly increase distributed electricity demand and require proactive grid planning and flexible power solutions.
AI Summary
- •E-bike refurbisher Upway secured $60M in Series C funding, totaling $125M, highlighting significant investor confidence in the e-mobility sector's growth.
- •The expansion of accessible e-bikes through refurbishment will accelerate consumer adoption, contributing to a growing distributed electricity demand for charging infrastructure.
- •This trend underscores the increasing need for grid capacity, localized power solutions, and smart charging management to support widespread transportation electrification.
Topics
financingoem
Article Content
Upway, a leading e-bike refurbishing company that began in 2021, has just raised $60 million in a Series C funding round, bringing its total funding to over $125 million. The latest funding round will be used for multiple endeavors. One that really stood out is that it will create over ... [continued] The post E-bike Refurbisher Upway Raises $60M In Funding appeared first on CleanTechnica .