The financing round includes participation from Finnish Industry Investment Ltd (Tesi), the European Investment Bank’s co-investment facility EGF and Superhero Capital. The investment will support Vapaus’ international expansion, software development, platform automation, and the growth of its unique PreCycled concept for the second-hand market of bikes.

Vapaus is engaged in providing sustainable mobility solutions, e-bike leasing and offering benefit bike services for employers. Vapaus’ 2023 revenue was approx. EUR 30 million and it employs about 40 professionals.

Shift4Good is an impact venture capital fund based in Paris and Singapore and focused on the decarbonization of the transportation sector.