Vässla Secures $11 million in Funding to Launch Club Rental Platform

1062 days ago

2 minutes

JUNE 2021 – STOCKHOLM, SWEDEN – LEVA-EU member Vässla, the Swedish micro mobility startup that produces e-bikes and e-mopeds, announced that it has raised $11 million in a recent funding round.

Following significant growth within the Swedish micro mobility sector, Vässla raises new capital to focus on launching its Vässla Club rental platform for individual users, delivery drivers, and businesses

The funding was led by Swedish investment group Skabholmen Invest. The family-owned investment group is headed up by Anders Pettersson, who has more than 30 years’ experience in developing national and international companies through growth and acquisitions. Skabholmen Invest will be joining the Vässla board of directors.

Also contributing to the funding is a number of high profile Nordic-based entrepreneurs and finance profiles. Among them are Magnus Wiberg and Patrik Hedelin who founded the growth capital firm eEquity.

Following the successful launch of its e-moped, the Vässla Moped, the company plans to utilise the funding to launch its Vässla Club rental platform; a tailor-made micro mobility solution creating a seamless mobility experience for people, delivery drivers, and businesses. This will be provided via the Vässla Club sharing app, which has fleet management capabilities, and users can gain access to Vässla bikes. This offers the best mobility solution at low cost, added employee satisfaction and helps companies and individuals contribute to more sustainable behaviour. The platform will have three separate offerings including:

  • Vässla Club for People: A monthly subscription service for end users
  • Vässla Club for Delivery: A weekly subscription service for delivery drivers
  • Vässla Club for Enterprises: Hourly rental service for hotels, resorts, campsites etc.

The funding comes at a crucial point for Vässla, with its recently-released Vässla Bike bringing a new era of micro mobility to the streets of Scandinavia, with pilot schemes planned for several major European cities including Berlin, Vienna, Hamburg, and Madrid. The company also plans to expand into the booming micro mobility market in the United Kingdom at a later date, pending government legislation on e-scooters.

Photo credits: Vässla

Annick Roetynck

Annick is the Manager of LEVA-EU, with decades of experience in two-wheeled and light electric mobility.

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