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November 6, 2025

Sequoia-backed e-bike startup Upway raises $60m Series C at $400m valuation

The startup, which refurbishes second-hand e-bikes, last raised a $30m Series B in 2023

Upway, the Paris-based scaleup which sells refurbished e-bikes, has raised a $60m Series C, doubling the total it’s raised since launching in 2021 to $120m.

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Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

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