Ridepanda, an e-bikes-as-an-employee-benefit platform founded by veterans from Lime, Bird, and Scoot, secured $12.6 million through a growth equity round and strategic debt financing. Funding was led by Bikeleasing Group, Europe’s largest corporate bike leasing provider, with participation from Blackhorn Ventures, Yamaha Motor Ventures, Proeza Ventures, Somersault Ventures, Oyster Ventures, Courtyard Ventures, CSC Leasing, and Camber Road.
The platform enables employers to offer e-bikes, cargo bikes, and scooters as workplace benefits. With growth doubling in 2025, Ridepanda has become a U.S. leader, partnering with Amazon, Google, Goodwin Law, and public-sector employers like the County of San Mateo. Funds will expand the enterprise team, accelerate product development, and scale the platform nationwide.
“This investment is a massive validation from a European powerhouse that the e-bike benefits model we've pioneered works in the U.S. and is ready to scale,” said Chinmay Malaviya, CEO and Co-Founder of Ridepanda. “The arrival of powerful electric bike and scooter options is helping the U.S. catch up to Europe and finally makes true sustainable commuting possible, giving employers a reliable, affordable platform to empower their people to ditch single-occupancy cars. We're getting the best strategic advice in the world to ensure we build out the best experience for every employer and employee across the country.”
Employers see e-bikes and scooters as a reliable tool for Return-to-Office policies and boosting wellness, retention, and recruitment. Ridepanda partners report e-bike adoption rates of 10–13%, far exceeding typical city commuting rates of 2%.
“Ridepanda delivers immediate ROI by boosting employee satisfaction and advancing sustainability goals - all through an elegant, turnkey solution that’s more cost-effective than parking, or shuttles, and helps meet local mandates to reduce single-occupancy vehicle trips,” said Brian Gyorkos, Director of Global Safety at Rubrik.