LAKA Secures £6.5 Million Debt Facility From HSBC Innovation Banking to Accelerate European Expansion and M&A Strategy

Laka, the award-winning insurer for cyclists and green mobility users, has secured a £6.5 million Venture Debt Facility from HSBC Innovation Banking, bringing its total Series B funding to £14.1 million.

The new financing will support further strategic acquisitions and expansion across Europe, reinforcing Laka’s position as the go-to insurer for e-bikes, e-scooters and sustainable mobility. This follows Laka’s recent £7.6 million Series B equity round, led by Shift4Good and MS&AD Ventures, announced earlier this year.

A clear category winner emerging:

Laka has grown from an award-winning cycle insurer into a multi-vertical European mobility platform, operating across nine EU markets and the UK. Its unique collective-driven insurance model challenges traditional insurance by ensuring riders only pay for what’s needed, not what’s expected – with zero excess, transparent pricing, and a fairer approach to claims.

The company has executed three acquisitions in just 24 months, building an unmatched European footprint and track record:

• Luko’s e-scooter insurance portfolio (2025) – acquired from Allianz Direct, adding 19,000 customers and expanding into micromobility.
• CoverCloud’s bike insurance renewal rights (2024) – deepening Laka’s position in the UK.
• Cylantro (2023) – a French e-bike insurance broker, unlocking one of Europe’s fastest-growing mobility markets.

This disciplined M&A strategy underlines Laka’s financial strength, operational maturity, and category leadership, at a time when others in the space are still seeking scale.

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.

Despite the rapid adoption of micromobility, insurance for this sector remains highly fragmented. This new funding will allow Laka to continue this M&A strategy, and cement its position as an emerging category leader.

Beyond insurance: building the green mobility infrastructure:
Through its partnerships with Decathlon, Brompton, Gazelle, Riese & Müller, Tenways, Ribble and others, Laka powers protection for riders, retailers and leasing platforms.

Beyond traditional cover, its verticalised platform now includes:

• Recovery and replacement services for stolen e-bikes and e-scooters.
• Parts salvaging and recycling to cut emissions and waste.
• Embedded commercial solutions for manufacturers and retailers.

Tobias Taupitz, CEO & Co-Founder of Laka, said: “We’re entering the next phase of Laka’s journey, scaling from Europe’s best-known cycle insurer into the continent’s category-defining green mobility insurer. This partnership with HSBC Innovation Banking  gives us the flexibility to move fast on strategic opportunities and to further consolidate a fragmented market. In a space where scale and trust matter most, Laka is clearly emerging as the natural leader.”

Trusted by world-class investors:
Laka is backed by Shift4Good, MS&AD Ventures, 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. Their continued support underlines confidence in Laka’s mission to build the category-defining insurer for the mobility revolution.