Turnover: 6.561 million EUR (2022)

Country: France

Specialist in eclectic bike reconditioning


Used electric bikes in complete safety with Upway 07/09/2023

  • The price of an electric bike is usually around 2,000 euros, even for second-hand items.
  • There are 25 million electric bikes in Europe.
  • Toussaint Wattinne, co-founder of start-up Upway, predicts that the market for second-hand electric bikes will one day reach the million mark.
  • Upway has partnerships with around a thousand stores.
  • Upway has raised 30 million euros from Sequoia Capital and Exor Seeds.
  • 1 million electric bikes were sold in the United States last year, a figure that is set to double rapidly and make the U.S. the world's biggest market, surpassing Germany.

igytiUpway, a start-up that reconditions electric bikes. 01/06/2022

  • Co-founders Toussaint Wattinne and Stéphane Ficaja have chosen to take up residence in a 1,000 m2 warehouse formerly occupied by Tesla
  • Upway, which has just raised $25 million from Sequoia, Exor Seeds and Origins, has chosen to internalize all its operations.
  • In 2020, demand in France is estimated at 2 million bicycles.
  • The global market is expected to reach 24 million bikes by 2020.
  • The German market (3.7 million bikes) is the largest in Europe.
  • Levallois is the only site in the world for the German brand, and is also the only site that manufactures bicycles in France, 1,000 a week, and Levallois benefits from 2.5 million euros in tax credits.
  • Electric bikes are made in China, and assembled in France
  • Cargo bikes take off in France
  • Since its creation, Upway has reconditioned several thousand bicycles and is aiming for sales of 10 million euros by 2022

Studies mentioning this company

The electric bicycle market - France

Other companies mentioned:

  • Velo Electrique France.fr
  • Go Sport France
  • Easybike Solex
  • O2Feel
  • Vélo Batterie- Batteries Prod
  • Bybike.fr
  • Angell Bike (Zebra)
  • Cyclable
  • Motto
  • Upway
  • VelyVelo
  • Redwill
  • Dance Vélo
  • Arcade Cycles
  • Velco tech
  • Gaya Bike
  • Neomouv
  • Batteries Prod
  • Haibike
  • Cube Bikes
  • Lapierre Cycles (Accell Group)
  • Giant Bicycles
  • Look Cycle
  • Canyon
  • Le Marché du Vélo
  • Moustache Bikes
  • Sunn
  • Gitane Cycles
  • Vanmoof
  • Morio
  • 279 le marché du vélo électrique en France
  • Decathlon Groupe
  • Intersport International
  • Altermove (Mobivia Groupe)
  • Mobivia Groupe (Norauto, Midas)
  • SEB Groupe
  • Stations Bee's
  • Voltaire Vélo
  • Plume Mobility
  • Smovengo Velib

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