Insurtech Laka continues to build momentum in the green mobility insurance market, reinforced by raising $10.4 mn in its latest Series B funding round.
This financing strengthens its leadership in Europe as a provider of insurance for e-bikes, e-scooters, and other sustainable transport solutions.
The funds will accelerate Laka’s progress toward profitability and support its expansion across nine European markets and the UK.
The Series B round attracted investors including Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, Republic, Porsche Ventures, and MS&AD Ventures, along with angel investors. Their participation signals growing confidence in Laka’s approach and its long-term potential.
The new funding will also support a potential strategic extension round in 2025 and help finalize a significant debt financing deal to sustain its acquisition pipeline.
Tobias Taupitz, CEO and Co-Founder of Laka, described this financing as a key milestone, enabling the company to deepen its relationships with riders, retailers, and corporate partners while expanding its presence in green mobility insurance and continuing acquisitions.
Over the past two years, Laka has grown through both organic initiatives and targeted acquisitions. In 2023, it acquired French e-bike broker Cylantro to increase its presence in one of Europe’s fastest-growing micromobility markets.
In 2024, it secured the renewal rights to CoverCloud’s bike insurance portfolio, expanding its UK footprint.
Most recently, it acquired Luko’s e-scooter insurance portfolio from Allianz Direct, adding 19,000 customers and strengthening its position in the micromobility sector.
The global micromobility market is projected by McKinsey to grow from $160 bn today to $340 bn by 2030, with Europe expected to lead, increasing from $60 bn in 2022 to $140 bn by decade’s end.
Despite this rapid growth, insurance options remain fragmented. Laka aims to become the defining company in this space, offering fair, flexible, and environmentally conscious insurance aligned with customer needs.
Laka has developed a multi-vertical platform serving both individual riders and commercial partners. Its products include insurance for bikes, e-bikes, and e-cargo, as well as personal liability, health and recovery, and commercial solutions.
It also assists with stolen bike recovery, replacement, and salvaging damaged parts to reduce environmental waste.
Partnerships with brands such as Decathlon, Brompton, Gazelle, Riese & Müller, Tenways, and Ribble further integrate Laka into the green mobility ecosystem.
The company operates through a collective-driven model that replaces traditional premiums with monthly contributions from a community of riders.
Customers pay only the actual cost of claims up to a capped amount, which provides fairer pricing and aligns interests between insurer and insured. This model removes long-term contracts, excess fees, and complicated terms while rewarding low claims with lower monthly costs.
Laka earns a success fee only when claims are paid. This approach has earned Laka seven consecutive awards as Best Cycle Insurance Provider.
Matthieu de Chanville, Founding Partner at Shift4Good, highlighted the growing need for customer-focused insurance as sustainable transport and micromobility expand in Europe, noting Laka’s strong position to address market fragmentation.
Jack Toyama, President and Managing Director at MS&AD Ventures, praised Laka’s ability to integrate acquisitions and deliver a collective-driven model that benefits riders and businesses, expressing support for its European scaling efforts and contribution to a cleaner, more connected transport sector.
With this latest Series B funding, Laka advances its goal to lead the green mobility insurance market in Europe and move closer to achieving long-term financial sustainability.
