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May 31, 2023

Paris-based Loewi raises €1 million to refurbish electric bikes

Loewi, Paris-based mobility lands a €1 million Pre-Seed funding round

In the rapidly growing electric bike market, Paris-based startup Loewi is making waves by giving used e-bikes a new lease on life. By refurbishing these bikes, Loewi ensures that eco-conscious consumers have access to affordable, green transportation options without the hefty price tag of a brand-new e-bike. With a recent €1 million Pre-Seed funding round, the company is poised to expand its reconditioning capabilities and make a significant impact on the burgeoning e-bike market.

As the demand for electric bikes continues to soar, with Europeans expected to purchase an additional 10 million e-bikes per year by 2030, Loewi is well-positioned to capitalize on this trend. By partnering with major retailers, manufacturers, and marketplaces across Europe, the company has established a robust distribution network for its refurbished bikes. Partnerships with Decathlon, BackMarket, and Alltricks are just a few examples of Loewi's strategic collaborations.

Loewi's commitment to quality, customer service, and adherence to ethical and ecological standards has earned the trust of its partners. Diego Level, President of Loewi, emphasizes the company's dedication to building long-term relationships with its collaborators.

The recent €1 million Pre-Seed funding round, which includes investments from Antler France, Satgana, the Centrale-Supélec 21st fund, and the Caméléon Invest Family Office, will enable Loewi to increase its reconditioning capabilities to 300 bikes per month by 2023. Additionally, the funds will help accelerate the development and deployment of technological tools throughout the company's value chain.

Romain Diaz, CEO & founder at Satgana, expressed his enthusiasm for supporting Loewi's mission, stating that the company's commercial success is intrinsically linked to the acceleration of soft mobility adoption and the circular economy. Antoine Poirson, Partner at Antler France, also praised Loewi's approach as the smartest and most scalable, allowing each actor to focus on their expertise for rapid and controlled deployment.

As Loewi continues to ride the wave of the electric bike market, its innovative approach to refurbishing used e-bikes is set to make a lasting impact on the industry. By providing consumers with affordable, eco-friendly transportation options, the company is not only contributing to the growth of the circular economy but also promoting the adoption of sustainable mobility solutions. With its ambitious plans for expansion and a strong commitment to quality and sustainability, Loewi is poised to become a key player in the e-bike market's future.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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