Sweden’s Vässla raises $11m for its e-bike rental service

Vässla, a Swedish micromobility start-up, has raised $11m in fresh funds to expand during a period of increasing demand for e-bikes. The Stockholm-based company initially launched with e-mopeds and is now launching an e-bike with a club-like subscription model. Vässla Club will target individuals, delivery drivers and businesses like hotels and holiday resorts with a subscription model to access its e-bikes and fleet management features built in for businesses.

Read more