Rebike Mobility secures a €10 million Series-B round led by BayBG.

Rebike Mobility, a Munich, Germany-based online operation for electric bikes, announced that it closed a €10 million ($11.9M) Series B round.

The money was raised from German investors led by BayBG and including existing backers Vorwerk Ventures and STS Ventures.

Rebike Mobility, founded in April of 2018 by Thomas Bernik and Sven Erger, developed a cross-brand platform for premium e-bikes as good as new sold via subscription and rental models. The company operates threes assets - ebike-abo.de used for subscription, rebike.de providing bike-rental stations and rebike1.de as an e-commerce op.

Rebike says it produced revenue of €7 million ($8.3M) in 2020, 120% yoy growth rate.