HumanForest has raised 12 million GBP in Series A funding to expand its e-bike fleet in London.
This includes 5 million GBP in financing from Triodos Bank UK to enable HumanForest to double the size of its London fleet and meet the growing demand for its services.
Since its launch 18 months ago, HumanForest has served 300,000 users and its vehicles have provided 2 million trips.
The operator has recently renewed its license to operate in the City of London and will also shortly launch in Kensington & Chelsea, Lambeth, Merton and Southwark.
In addition to this expansion, a 7 million GBP equity investment will help improve the company’s technology, including its user app.
“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.”
