London’s shared, zero-emission electric bike provider secures €2M funding, appoints new board member

Of late, there was a shift in the direction of climate-friendly e-mobility options. In the course of the COVID-19 pandemic, commuters began encouraging this shift as they moved away from conventional transportation choices. In an try and make free and sustainable mobility accessible to everybody, London-based HumanForest got here up with London’s first free, shared electrical bike service.

Secured €2M funding

The free, shared electric bike service secured £1.8 million (practically €2 million) funding from leaders within the mobility trade together with Vicente Pascual and Juan de Antonio (founders of Cabify, a ride-sharing app). The brand new funding will probably be used to develop HumanForest’s fleet to 1,000 bikes by the top of this month. Additionally, the corporate intends to have 2,000 e-bikes in London in a yr.

As part of the funding spherical, Cabify’s Pascual has joined the HumanForest board together with ex-Volvo president and CEO of NEVS AB, a Swedish electrical automobile maker, Stefen Tilks. Notably, the co-founder and CEO of HumanForest, Agustin Guilisasti is a former nation supervisor at Cabify.

Zero-emission dockless e-bikes!

Since its debut in June this yr, HumanForest has served 14,000 riders who’ve taken virtually 42,000 rides. The corporate has introduced that the variety of rides has elevated by over 100% on a month-on-month foundation. With this sustainable e-bike service, riders have been in a position to keep away from 8 tonnes of CO2 that’s equal of planting practically 300 timber.

HumanForst provides 20 minutes of free rides per day to its customers. On exhausting the free day by day minutes, the dockless, zero-emission e-bikes powered by renewable power price £0.12p per minute sans any unlocking charges. And, customers can pause their experience every time they need and park it for as much as 23 hours. Curiously, these e-bikes are GPS-tracked and may attain as much as 15mph. Additionally it is potential to lock and unlock these e-bikes through the companion app.

Vincent Pascual stated, “I labored with the group at HumanForest for ten years at Cabify and I imagine that that is one other disruptor. It’s three disruptors in a single; it offers free mobility for customers by way of its partnership mannequin, protects the planet and appeals to associate corporations who search to reveal their social affect. We’re already seeing the success of the mannequin and I’m excited to be concerned in its future development.”

Stefan Tilk stated, “I’m happy to be a part of the HumanForest board on this new journey. With over 30 years of expertise within the mobility sector at conventional corporations comparable to Volvo, I understand how essential this subsequent part of the electrical transport revolution goes to be. HumanForest has a singular enterprise mannequin that’s fully new to the trade and it couldn’t be timelier as electrical transport is ready to vary the way in which individuals transfer.”

Caroline Seton stated, “HumanForest provides one thing for all; a weekend leisure exercise, a ‘return to work’ answer and an accessible, easy technique to get from a to b. All of the whereas, our e-bikes are serving to assist a sustainable planet. This funding and the completion of our board are additional constructive steps for HumanForest as we develop our footprint in London to service this demand. We are going to profit enormously from Vincent and Stefan’s experience.”

Main image picture credits: HumanForest