We discussed with Upway, the French startup of the reconditioned electric bicycle

Purchase made in August 2023, Easy and well informed chat contact by the operators, the bike is very clean and ready to take the road, after it is deballage there are 3-4 manips to do to finalize the mounting of the bicycle are well explained and all The papers concerning the bicycle and the battery were in an envelope the bike was very well wrapped in accordance with the description in very good mechanical condition, when in delivery it was very fast it is the 1st purchase made on this site and frankly not disappointed
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Top review: 10/10 Maryline, the 13th.09.2023

Purchase made in August 2023, Easy and well informed chat contact by the operators, the bike is very clean and ready to take the road, after it is deballage there are 3-4 manips to do to finalize the mounting of the bicycle are well explained and all The papers concerning the bicycle and the battery were in an envelope the bike was very well wrapped in accordance with the description in very good mechanical condition, when in delivery it was very fast it is the 1st purchase made on this site and frankly not disappointed
Upway promo code

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We discussed with Upway, the French startup of the reconditioned electric bicycle

Their electric bikes are between 20 and 60% cheaper than the new.

Posted June 8, 2022 at 10:00 a.m

There are companies that develop faster than others. While the startup world is booming in France, some of them manage to stand out by offering a new offer. This is particularly the case of Upway.

This very young company, founded in barely 2021, basis all its work around three major ideas: develop an ecologically responsible solution, which has a direct impact on the lives of users and which allows to preserve “industrial know-how” as defines it Toussaint Wattinne, one of the two co -founders of the company, former regional director of Uber.

With Stéphane Ficaja, who worked with him in the past, this cycle tourism enthusiast had the idea of ​​launching a business capable of offering quality products, without asking for crazy sums. “” We noted that in the electric bike market we had new, very expensive products on one side, and on the other a second -hand market with products in very bad condition “.

Upway: offer a second -hand, quality solution

From this inventory will therefore be born Upway. Today, the company is present via its online store in France and Belgium. It offers a wide choice of electric bikes refurbished, with defective prices of all competition: from 20 to 60% cheaper than the new.

If the second -hand market often has a bad image, Upway seeks to offer high quality bikes: “There is not really a standard on the reconditioning of electric bikes today, so we have set ourselves 20 control points, to revise the bicycle in the most demanding way there is”.

The idea is then to offer a solution that allows you to “Detach yourself from the car and carbon solutions, but also to save circular and finally and above all to maintain French know-how, rather than imported finished products,” says Toussaint Wattinne.

With a booming second -hand market, and platforms like Vinted or Back Market, which today weigh millions, Toussaint Wattinne wanted to place himself on a still quite empty market, that of the electric bike.

Well -known names among investors

Instead of entrusting the repair and reconditioning of bicycles to third parties, Upway works only internally, with professional mechanics. A qualitative method which requires funds, and which therefore justified a large -scale fundraising: at the end of May, Upway completed a table of 25 million in series A, after a priming of 5 million in November 2021.

Upway hopes to be able to develop, expand its premises, its teams, but also extend its website to other countries such as the Netherlands and Germany, whose launch is imminent. Filled with ambition, the company is trying to convince an audience used to buying new bikes.

With this fundraising, Upway managed to convince well -known investors in the world of startups like Sequoia and Global Founders Capital, but also the Origins Fund, created by Blaise Matuidi.

The professional football player and former PSG midfielder created this fund a few months ago to help professional sportsmen to invest in projects that have a direct impact for people. By presenting Upway to the former footballer, Toussaint Wattinne claims to have “checked all the boxes” which explains the presence of origins within the fundraising.

Grow, export and recruit

Millions of euros that will allow the very young startup to develop a little more. Depending on the words of its co -founder, these $ 25 million will allow new factories to be opened to enlarge the fleet of electric bikes available on the site.

This fundraising should also make it possible to develop internationally, a launch of the company in the United States is also planned in the coming months.

Finally, this money will allow Upway to recruit. About fifteen positions are now to be filled in the company. “Both mechanics to work directly on bicycle and developers for the website, but also managers of operations based abroad”.