HumanForest secures £12m in Series A funding to expand London e bike fleet
The funding comprises debt from Triodos Bank UK and equity from international family offices and strategic backers.
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.
London based e bike operator HumanForest has secured £12m in a Series A funding round to expand its fleet and develop its technology platform. The capital comprises a £5m project finance facility from Triodos Bank UK and a £7m equity component backed by international family offices and strategic investors.
The funding will allow the company to double its London e bike fleet and support its wider expansion across the capital. HumanForest has recently added several new borough licences and aims to build on its momentum as a certified B Corp focused on accessible urban transport.
From the founder
"Sustainable micro-mobility is a force for good in cities but to bring meaningful change it must be affordable and accessible. This funding round has accelerated our expansion, bringing affordable and sustainable mobility to even more Londoners, whilst enhancing our capital efficient approach to growth. Deeply aligned with our commitment to a more sustainable future, Triodos Bank is a natural partner for us and an important part of our expansion into Europe."
Agustin Guilisasti
CEO and Founder at HumanForest
Investor perspective
"As a bank that is looking to finance systemic transformation, we have clear ambitions to expand our portfolio into pioneering projects and financing structures to support decarbonisation solutions. HumanForest is a fantastic example of a company that is innovating shared modes of transport to tackle urban pollution while increasing access to affordable transport – thereby contributing to more liveable cities. It’s exciting to be able to support HumanForest to reach more people across London and beyond."
Amandine Tetot
Head of Project Finance, Triodos Bank UK
Use of funds
- 01Continue product development
- 02Build out infrastructure
Investors
Amandine Tetot
Triodos Bank UK
Martin Vial
LarrainVial
Santa Cecilia
Laura González-Estéfani
TheVentureCity
Categories
About the company
HumanForest
HumanForest provides shared e-bikes for urban commuters.