HumanForest raises £1.3m through a Crowdcube campaign to expand its e-bike fleet and prepare for a London relaunch.
HumanForest secured £1.3m via Crowdcube from over 520 investors to scale its shared e-bike operations ahead of a Spring launch.
HumanForest operates an affordable and environmentally sustainable micro mobility platform offering shared e-bikes in London. The company combines zero emission transport with an advertising technology model to connect brands with urban commuters.
HumanForest has secured £1.3m in a seed follow-on investment campaign hosted on Crowdcube, drawing participation from over 520 backers worldwide. The capital arrives following a trial period in London where demand significantly outstripped the available fleet size.
The newly raised funds will be directed towards expanding the company's e-bike fleet from 200 to 1,500 vehicles. This infrastructure growth precedes a full London-wide relaunch planned for Spring 2021, alongside preparations for expansion into another European city by mid-2022.
From the founder
"I would like to offer a warm welcome to HumanForest’s 523 new shareholders. It gives me and the whole team at HumanForest great excitement to know that so many people from all around the world support HumanForest in its mission to reforest the world, one e-bike at a time!"
Agustin Guilisasti
CEO and Founder at HumanForest
Use of funds
- 01Build out infrastructure
Investors
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About the company
HumanForest
HumanForest provides shared e-bikes for urban commuters.