Forest secures £27m in Series B funding to expand London e-bike network
The London micromobility operator added £27m in equity and asset-backed financing led by participants including B8 Venture Partners, Fen Ventures, Güil Mobility Ventures, and Fintex Capital.
Forest operates a sustainable micromobility service offering shared e-bikes across London.
Forest has secured £27m in a Series B extension, taking its total Series B capital to £40m following an initial £13m close in early 2025. The latest financing comprises £17m in equity backed by participants including B8 Venture Partners, Fen Ventures, and Güil Mobility Ventures, alongside £10m in asset-backed financing from Fintex Capital.
Founded in 2020, the London-based operator runs its fleet and service vehicles on renewable energy, offering users free daily ride minutes and affordable commuter options. The company recently recorded high demand during London underground strikes, highlighting the role of shared e-bikes in urban transit.
The fresh funds will be directed towards infrastructure expansion across London, including the installation of additional parking bays to improve street operations.
Use of funds
- 01Build out infrastructure