Freeda has already verified more than 10,000 plans for clients across Europe and North America and aims to reach one million verified plans by 2026, supporting projects in Europe, the UK, the US, and the Middle East.

The company's ambition is to refurbish 1 million e-bikes annually by 2030 and build the world’s largest circular mobility network.

The fresh round saw support from Lakestar, Insight Investment, Foundamental, and Fost Capital

The new funding came from MH Innov’ and Elaia’s partnership fund, SWEN Capital Partners, plus Super Capital and the Wendel family.

The Series A extension round was backed by Banque des Territoires, and MGI Digital Technology Group.

The Series A extension round was led by Biocodex, with participation from Crescent Ventures, UI Investissement, and Forepont Capital Partners.

The Series A was co-led by CapAgro, Hoxton Ventures, CapHorn, and Demeter.

The Serena IV fund was supported by a mix of longstanding LPs and private investors from France and abroad.