# Upway

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/upway

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Gennevilliers, France
- Website: www.upway.fr
- Total disclosed funding: $121M
- Latest round: Series C (Nov 6, 2025)
- Investors on record: 9

## About

Founded in 2021 and based in Gennevilliers, France, Upway refurbishes and sells electric bicycles online, offering affordable, professionally reconditioned bikes with home delivery and a one-year warranty across Europe and the U.S.

## Funding rounds

- Series C, Nov 6, 2025, $60M — Hong Shan, Galvanize, Inc., Korelya Capital, A.P. Moller Holding, Origins Fund, Exor Ventures, Transition Venture Capital, Ora Global
- Series B, Nov 16, 2023, $30M — Hong Shan, Korelya Capital, Exor Ventures, Transition Venture Capital
- Series A, May 31, 2022, $25M — Hong Shan, Global Founders Capital, Origins Fund, Exor Ventures
- Seed, Nov 28, 2021, $5.7M — Hong Shan, Global Founders Capital

## Investors

- Hong Shan — Seed, Series A, Series B, Series C
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A
- Origins Fund (https://capitalatlas.ai/funds/origins-fund) — Series A, Series C
- Exor Ventures — Series A, Series B, Series C
- Korelya Capital (https://capitalatlas.ai/funds/korelya-capital) — Series B, Series C
- Transition Venture Capital (https://capitalatlas.ai/funds/transition-venture-capital) — Series B, Series C
- Galvanize, Inc. — Series C
- A.P. Moller Holding — Series C
- Ora Global (https://capitalatlas.ai/funds/ora-global) — Series C