Laka, the insurer known for its rider focused model in cycling and green mobility, locked in a £6.5 mn venture debt facility from HSBC Innovation Banking. That push brings its Series B total to £14.1 mn after a £7.6 mn equity round earlier this year.
The new capital fuels a European expansion sprint and an M&A run aimed at stitching together a fragmented mobility insurance market. Maybe overdue, given how chaotic the space looks right now.
The company wants to ride the momentum of Europe’s micromobility boom. McKinsey pegs the sector at roughly $60bn in 2022 and expects it to climb to $140bn by 2030.
Laka already covers e bikes, e scooters, and other sustainable mobility gear across 9 EU markets plus the UK. Its collective driven model means riders pay only for what they actually consume, with zero excess and transparent pricing. Users like that, insurers envy it, competitors try to mimic it.
Laka’s platform stretches beyond simple indemnity. It handles recovery and replacement for stolen e bikes and e scooters, salvages and recycles parts to cut emissions, and offers embedded commercial products for manufacturers and retailers.
It has lined up partnerships with Decathlon, Brompton, Gazelle, Riese & Müller, Tenways, and Ribble, which gives it distribution muscle most insurtechs never reach. According to our analysts, that ecosystem effect is where Laka’s real leverage hides.
CEO and co founder Tobias Taupitz said the company is shifting from Europe’s best known cycle insurer into a category defining green mobility insurer.
He said the HSBC partnership gives Laka the flexibility to move quickly on strategic deals and consolidate a market that still looks scattered. And he’s not wrong about the scale part. In mobility, trust and reach determine who wins, and Laka seems convinced it’s pulling ahead.
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.
Tobias Taupitz, CEO & Co-Founder of Laka
“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,” Tobias Taupitz said.
We think the debt facility signals investor confidence in Laka’s ability to turn speed and partnerships into dominance. The micromobility sector keeps ballooning, and someone has to build insurance infrastructure around it. Maybe Laka becomes that anchor if it keeps moving this fast.
In July 2025, Laka 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.
