Upway Overview

  • Year Founded
  • 2021

Year Founded

  • Status
  • Private

  • Employees
  • 400

Employees

  • Latest Deal Type
  • Series C

  • Latest Deal Amount
  • $44.8M

  • Investors
  • 18

Upway General Information

Description

Provider of certified e-bikes intended to make electric mobility accessible to everyone. The company offers a curated selection of quality, refurbished electric bikes at significantly discounted prices and verifies that there is no structural damage to the frame, mechanical components, drive system, or battery, enabling customers to enjoy the benefits of eco-friendly transportation.

Contact Information

Website
www.upway.co
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 134 Morgan Avenue
  • Unit 300, Brooklyn
  • New York, NY 11237
  • United States
+1 (510)
Primary Industry
Automotive
Other Industries
Information Services (B2C)
Specialty Retail
Vertical(s)
CleanTech, Mobility Tech, Climate Tech, Micro-Mobility, E-Commerce
Corporate Office
  • 134 Morgan Avenue
  • Unit 300, Brooklyn
  • New York, NY 11237
  • United States
+1 (510)

Upway Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

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Upway Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Later Stage VC (Series C) 06-Nov-2025 $44.8M Completed Generating Revenue
3. Early Stage VC (Series B) 01-Jan-2024 Completed Generating Revenue
2. Early Stage VC (Series A) 31-May-2022 $25M $30.7M Completed Generating Revenue
1. Seed Round 01-Nov-2021 $5.7M $5.7M Completed Generating Revenue
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Upway Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of certified e-bikes intended to make electric mobility accessible to everyone. The company offers a curated se
Automotive
New York, NY
400 As of 2026

Coimbatore, India

Hyderabad, India
 
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Upway Competitors (8)

One of Upway’s 8 competitors is Hulikkal, a Accelerator/Incubator Backed company based in Coimbatore, India.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Hulikkal Accelerator/Incubator Backed Coimbatore, India
Etrio Venture Capital-Backed Hyderabad, India
Buycycle. Venture Capital-Backed Munich, Germany
BLive Venture Capital-Backed Bengaluru, India
Greaves Electric Mobility Private Equity-Backed Ranipet, India
You’re viewing 5 of 8 competitors. Get the full list »

Upway Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Upway Investors (18)

Investor Name Investor Type Holding Investor Since Participating Rounds
A.P. Moller Holding Venture Capital Minority
Future Positive Capital Venture Capital Minority
Galvanize Climate Solutions Venture Capital Minority
Ora Global Venture Capital Minority
ACE Ventures (Geneva) Venture Capital Minority
You’re viewing 5 of 18 investors. Get the full list »

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Upway FAQs

  • When was Upway founded?

    Upway was founded in 2021.

  • Where is Upway headquartered?

    Upway is headquartered in New York, NY.

  • What is the size of Upway?

    Upway has 400 total employees.

  • What industry is Upway in?

    Upway’s primary industry is Automotive.

  • Is Upway a private or public company?

    Upway is a Private company.

  • What is Upway’s current revenue?

    The current revenue for Upway is .

  • How much funding has Upway raised over time?

    Upway has raised $119M.

  • Who are Upway’s investors?

    A.P. Moller Holding, Future Positive Capital, Galvanize Climate Solutions, Ora Global, and ACE Ventures (Geneva) are 5 of 18 investors who have invested in Upway.

  • Who are Upway’s competitors?

    Hulikkal, Etrio, Buycycle., BLive, and Greaves Electric Mobility are some of the 8 competitors of Upway.

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