HumanForest raises £5m in a Series A extension to expand across Europe
The company secured the capital from Güil Mobility Ventures, Fen Ventures, and Triodos Bank UK to accelerate fleet growth and technology development.
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 raised a £5m extension to its Series A round, bringing total Series A funding to £17m. The fresh capital was secured from Güil Mobility Ventures, Fen Ventures, Cabify executives, and Triodos Bank UK.
The funds will be deployed to accelerate fleet growth, expand operations into Europe, and advance the company proprietary advertising technology and parking compliance software.
The business has experienced steady growth in London since launch, securing new borough licences and building a loyal commuter base through its ad-supported model.
From the founder
"The extension of the Series A to £17m is a testament to Forest’s resilient business model and our growth trajectory. Forest operates at the intersection of the needs of cities to decarbonise travel and users who need affordable solutions. We are proud to be growing our service with further support from Triodos Bank UK and two new partners."
Agustin Guilisasti
CEO and Founder at HumanForest
Investor perspective
"Since our initial finance arrangement earlier this year, it’s impressive to see Forest go from strength to strength as it rolls out its fleet to more London boroughs. It’s just the kind of forward-thinking company that we want to partner with, as we all work towards net-zero solutions for cities. We are proud that Forest took the opportunity of rolling out new e-bikes to drive awareness of UK waterways and generate funds in support of The Rivers Trust."
Amandine Tetot
Head of Project Finance, Triodos Bank UK
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
HumanForest
HumanForest provides shared e-bikes for urban commuters.