Denso Leads $20 Million Funding Round for E-bike Startup

Denso Corp. and Innovest Global led a $20 million first funding round for California-based e-bike startup Bond Mobility Inc.

Bond describes itself as the only electric-bike-sharing service that includes advanced short-range micromobility support. Denso made its investment through its Japan-based New Mobility Group. The company says it will use the 2-year-old startup’s technologies to further develop its own mobility-as-a-service initiative.

Bond’s e-bike can travel as fast as 30 mph over trips as great as four miles, nearly three times the range of rival scooter services. The company touts its bikes as a true short-trip substitute for cars and the fastest form of transport in urban areas for trips less than six miles long.

Bond currently offers its service in Bern and Zurich, Switzerland. The company says the Series A funding will help it expand services in the U.S. and elsewhere.