Houlihan Lokey Advises Rebike Mobility

Houlihan Lokey is pleased to announce that Rebike Mobility (Rebike) has successfully completed a growth financing round from a consortium of investors led by Circularity Capital.

Munich-based Rebike operates the two platforms, www.ebike-abo.de and www.rebike.com, which offer new and refurbished e-bikes from renowned brands on a subscription basis or for sale. The lead investor is Circularity Capital, the European investor for growth companies in the circular economy. The new co-investors Tengelmann Ventures and Parkshore Holding bring additional relevant strategic experience to the financing round. In addition, existing investors Vorwerk Ventures and BayBG Bayerische Beteiligungsgesellschaft also continue to participate in this financing round.

Since its founding in 2018, Rebike has enabled over 30,000 people to get on or switch to an e-bike. The subscription model offers customers new e-bikes with terms between three and 24 months that include service, a two-year warranty, and insurance. Both offers promote sustainable mobility concepts by making it easier to get on an e-bike. For corporate customers such as rental shops, hotels, or medium-sized companies, Rebike offers flexible fleet subscriptions or provides cooperation partners with white-label solutions for their own websites. In addition, Rebike offers e-bikes for short-term rental in its own stores at highly frequented tourist locations. With the sustainable mobility offer, Rebike has its finger on the pulse of the times: The company grows dynamically, and its offer is perceived as an attractive alternative to the traditional bike purchase.

In order to expand their positions in the segment of used premium e-bikes, the two Rebike founders Thomas Bernik and Sven Erger are investing the fresh equity in the expansion of the new refurbishment and logistics centre at the Kempten location. In addition, the international expansion to France, the Netherlands, and Switzerland will be implemented this year. The two platforms will be technically further developed in order to be able to handle the increasing volume in a stable and efficient manner.

Houlihan Lokey served as the exclusive financial advisor to Rebike and assisted the management, founders, and shareholders throughout the transaction, including marketing document and business plan preparation, due diligence process coordination, and transaction negotiations.