Ridepanda, an e-bikes-as-an-employee-benefit platform, founded by industry veterans from Lime, Bird, and Scoot, announced it secured a total of $12.6 million in new capital, combining a growth equity round with new strategic debt financing. A new investment from the Bikeleasing Group, one of Europe’s largest corporate-sponsored bike leasing providers, anchored the funding along with participation from existing institutional investors Blackhorn Ventures, Yamaha Motor Ventures, Proeza Ventures, Somersault Ventures, Oyster Ventures, Courtyard Ventures, and new partnerships with CSC Leasing and Camber Road.
Ridepanda helps employees reimagine the commute by providing e-bikes, cargo bikes, and scooters through their employer benefits. Growing by more than two times in 2025, the company has emerged as the leader in the U.S., demonstrating strong traction with leading employers across diverse sectors, including Amazon, Google, Goodwin Law, and public-sector employers like the County of San Mateo. The company will leverage the new raise to expand its enterprise team, accelerate product development, and scale its platform to meet nationwide demand for its commute solutions.
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Validating the vision for sustainable mobility as an employee benefit
In Europe, the employee e-bike benefit model is well-established. In Germany, where the bike leasing market has grown to over $3.2 billion annually and over 2.1 million active leases, the Bikeleasing Group operates a similar corporate-sponsored bike leasing business, partnering with over 80,000 employers, including Lufthansa, Marco Polo, and Kärcher, facilitating more than 100,000 employee bike leases each year. Their investment in Ridepanda’s vision validates their business model in the U.S., where the growth potential is three times that of Germany.
Strong growth driven by RTO and push for employee wellness, as electric bikes become mainstream
Employers are recognizing that electric bikes and scooters are a reliable and desirable mechanism for Return-to-Office (RTO) policies and a proven way to improve employee wellness, retention, and recruitment. In 2025, Benepass reported that 30% of companies are offering some level of contribution to offset commuting costs and attract talent.
The investment demonstrates that Ridepanda’s model is emerging as a critical RTO tool. While typical city-wide commuting-by-bike averages hover around 2%, Ridepanda’s employer partners are reporting an e-bike adoption rate of 10-13%. The increase also indicates that employers who fail to address commuting barriers are falling behind in employee retention and recruitment.
Leading employers are already seeing measurable impact from Ridepanda’s approach. Rubrik, a global cybersecurity company, launched an e-bike benefit through Ridepanda to help employees return to the office more sustainably. The program quickly gained traction across multiple offices, boosting active commuting adoption and supporting the company’s environmental goals.
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