Turnover: 6.561 million EUR (2022)
Country: France
Specialist in eclectic bike reconditioning
News
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
- ISD (INDUSTRIE SERVICE DEBEAU)
- 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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