Laka Raises $10.4 Million Series B to Accelerate Path to Profitability - and to Drive Growth as Europe’s Leading Green Mobility Insurer

Laka has raised $10.4 million in its most recent Series B round. This Laka Series B Funding boost helps the company reach its goal of becoming Europe's top green mobility insurer while progressing toward profitability. Laka, the award-winning European green mobility insurance firm, announces today a Series B round of $10.4 million, cementing its role as the category-defining insurer for e-bikes, e-scooters, and sustainable transport across nine EU markets and the UK. Laka’s main offering is collective-driven insurance - with its flagship product being award-winning bike, e-bike and e-cargo bike insurance - alongside other products such as personal liability, health & recovery and solutions for commercial partners. Laka uses a collective-driven insurance model to make insurance fair. Each month’s claims are shared amongst Laka’s collective of cyclists, so the monthly bill varies up to a guaranteed cap. Now cyclists only pay for what's needed, not what's expected. Laka has fixed what customers typically dislike about conventional insurance: long contracts, pages of fine print, and poor customer service. Whilst insurers benefit when a claim is rejected, Laka earns a success fee only when a claim is settled, and thus aligns interest with its customers. Its customer-centric approach, which comes with zero excess and monthly contracts, has resulted in seven consecutive wins of Best Cycle Insurance Provider. The $10.4 million Series B equity raise will enable Laka to work towards profitability. Laka may seek to raise an additional extension round in 2025, focused on strategic investors. Laka will also soon complete a significant debt financing agreement in the coming months, which will fund its acquisition pipeline. The Laka Funding shows that investors trust its unique, community-driven model and the bigger picture of green mobility insurance.

Strong momentum and strategic growth:

Over the past two years, Laka has evolved from an award-winning cycle insurer into a multi-vertical green mobility platform across nine EU + UK markets. Its trajectory has been defined by both organic growth and significant acquisitions:

• Luko’s e-scooter insurance portfolio (2025): adding 19,000 customers and deepening its focus on micromobility, acquired from Allianz Direct.
• Renewal rights to CoverCloud's bike insurance portfolio (2024): Expanding its foothold in the UK bike insurance segment.
• Cylantro (2023): A French e-bike insurance broker that positioned Laka to dominate one of Europe’s fastest-growing e-mobility markets.

Business growth and future trajectory:

Laka maintains strong growth year-on-year, with strong retention and rising average revenue per customer. Its B2B2C model has deepened connections with retailers, bike brands and leasing platforms across nine EU countries and the UK. Laka’s commercial partners, include Decathlon, Brompton, Gazelle, Riese & Müller, Tenways and Ribble, have further fuelled this momentum.

A growing market with sustainability at its core:

By 2030, the global micromobility market is projected to more than double in value - from around $160 billion to $340 billion, according to McKinsey. Europe is expected to be the largest regional contributor globally, growing from about $60 billion in 2022 to $140 billion by 2030. Yet despite the rapid adoption of micromobility, insurance for this sector remains highly fragmented. Laka’s collective-driven approach - making insurance fairer, aligning interests between insurers and riders, and rewarding lower claims with lower costs - positions the company as the category-defining player in this growing space. Through its verticalised services, Laka goes beyond insurance. Its offerings now include:

• Recovery of stolen or damaged bikes and e-scooters
• Replacing stolen bikes
• Salvaging and recycling of bike parts, reducing waste and emissions.
• Commercial services for retailers, manufacturers, and bike shops, making Laka a central piece of the green mobility ecosystem.

Since its founding, Laka has earned the backing and trust of some of the best-known names in the investment and corporate worlds. Its long-standing investors - including Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, Republic (formerly Seedrs), Porsche Ventures and a number of high-profile angel investors - have been pivotal in supporting the company’s mission, providing expertise and connections to build a category-defining brand across Europe. Tobias Taupitz, CEO and Co‑Founder, Laka: “Reaching this milestone marks a pivotal moment in Laka’s journey - it’s a testament to the trust we’ve built with riders, retailers, and corporate partners across Europe. This new financing will enable us to deepen that trust, expand our category‑defining role in green mobility insurance, and build towards profitability, while pursuing further acquisitions that consolidate this fragmented market.” Matthieu de Chanville, Founding Partner at Shift4Good: “As sustainable transport and micro‑mobility expand across Europe, the need for seamless, customer‑centric insurance has never been greater. Laka is positioned to lead this space, aligning interests between riders, retailers, and insurers, and tackling the fragmented nature of the market head on. We’re excited to support their next chapter of growth and to help unlock the full potential of the green mobility revolution across the European continent.” Jack Toyama, President & Managing Director, MS&AD Ventures: “The micro‑mobility market is evolving rapidly, presenting huge opportunities for platforms that can unify and redefine its insurance offerings. Laka has demonstrated an impressive ability to integrate acquisitions and build a collective‑driven approach that benefits both riders and businesses. We’re proud to support the team as they scale across Europe and help drive the shift towards a cleaner, more connected transport ecosystem.” With this Laka Funding boost, the company strengthens its goal of being the leader in green mobility insurance in Europe while also making progress towards becoming profitable.