Bicelo raised SEK 8 million from Linbo Invest and angel investors from Sweden.

Bicelo, a Stockholm, Sweden-based startup providing e-bikes rental services, completed a capital raised of SEK 8 million ($920k).

The money was raised from investors from Sweden, including Linbo Invest and angels Tom Dinkelspiel, Stefan Engström and Adam Nyström. 

Bicelo, founded in 2020 by Jakob Hultman and Anders Brusewitz Dahlberg (founders at BikeID), developed a rental service sold to hotels from Sweden in order to resell it to their guests.