Fundraising Fox

Upway

Paris, FR · 16 known investors

Find your way into Upway

318 people in our graph share verified history with the Upway team — schools, employers, funds. One of them is your warm intro.

Sofia Dolfeunlockedknows Toussaint Wattinne · together at Sciences Po (overlapped)
×5knows the team · via HEC Paris
×2knows the team · via École Polytechnique
×3knows the team · via Lycée Sainte Geneviève
knows the team · via Air France

Upway, founded in 2021, sells refurbished electric bikes that are inspected and repaired by its in-house mechanics, sold at reduced prices with a 12-month warranty and home delivery. It sources bikes from manufacturers, bike shops, and individuals, operating in France and internationally including Germany, Austria, Switzerland, the Netherlands, Belgium, and the United States.

Circular EconomyE-commerceMarketplacesMobility & Transportation

Founders & leadership

TWToussaint Wattinne
Toussaint WattinneinFounderFounder of Upway, a company that sells professionally inspected and refurbished electric bikes with a one-year warranty and home delivery, and buys back used e-bikes from individuals and businesses through a network of partner shops.
SFStéphane Ficaja
Stéphane FicajainFounderA French engineer who began his career in airline pricing and finance before spending 2014 to 2021 at Uber, where he helped build its Rides and Eats businesses in France, Europe, and the US. He is the founder of Upway, which sells refurbished electric bikes across Europe and the US.

Investors · 16

Cathay InnovationParis · $5M – $40M
Future Positive Capital
Korelya CapitalParis
OriginsMiami · $100K – $500K
Sequoia CapitalMenlo Park · $4.4M – $214M
TransitionLondon
Transition GlobalLondon · $100K – $5M
Wind VentureParis
A.P. Moller Holdingreported · 2 sourcesCopenhagen
ACE & CompanyreportedNew Yorkvia Sherif El Halwagy · inferred
Exor Venturesreported
Ora GlobalreportedNew York
SignalRankreported

Also in the syndicate · 3

A.P. MollerleadEuropean Climate Fund TransitionGalvanize

Funding

SEC filings, press & company announcements

$60M disclosed across 1 of 3 rounds · 2023–2025

Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

2 people who came through Upway went on to found or lead other companies.

Toussaint WattinneFounderFounded UpwayStéphane FicajaFounderFounded Upway

In the news

E-bike Refurbisher Upway Raises $60M In Funding - CleanTechnicacleantechnica.com · Nov 2025Upway Raises $60 Million in Series C Funding Round | Upwayupway.co · Nov 2025Upway closes $60 million funding round; plans e-bike refurb centers in Denver and other US cities | Bicycle Retailer and Industry Newsbicycleretailer.com · Nov 2025Upway just raised $60M from Sequoia and others, valuing the company at $400Mmicromobility.io · Nov 2025Sequoia-backed e-bike startup Upway raises $60m Series C at $400m valuation | Siftedsifted.eu · Nov 2025Upway Secures $60 Million Series C to Accelerate U.S. Growth and Build the Future of Circular Mobilityprnewswire.com · Nov 2025Upway Raises $30M Series B Funding As The Brand Continues To Disrupt The E-Bike Industryprnewswire.com · Nov 2023

Frequently asked questions

What does Upway do?
Upway, founded in 2021, sells refurbished electric bikes that are inspected and repaired by its in-house mechanics, sold at reduced prices with a 12-month warranty and home delivery. It sources bikes from manufacturers, bike shops, and individuals, operating in France and internationally including Germany, Austria, Switzerland, the Netherlands, Belgium, and the United States.
Who founded Upway?
Upway was founded by Toussaint Wattinne, Stéphane Ficaja.
Who are Upway's investors?
Upway's investors include Cathay Innovation, Future Positive Capital, Korelya Capital, Origins, Sequoia Capital, Transition, Transition Global, Wind Venture and 5 more.
How much funding has Upway raised?
Upway has disclosed $60M raised across 1 of its 3 known rounds.
Where is Upway headquartered?
Upway is headquartered in Paris, FR.