London-based Laka, a specialist insurance firm focused on sustainable transport, has secured $10.4m in a Series B funding round as it looks to accelerate profitability and solidify its position as a leader in Europe’s green mobility insurance sector.
The Series B round was co-led by Shift4Good and MS&AD Ventures, with participation from a broad group of investors including Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, and Republic (formerly Seedrs).
Laka offers collective-driven insurance solutions for e-bikes, e-scooters and other micromobility assets. Its core product is an award-winning bike and e-bike insurance policy, backed by a flexible monthly billing model where costs are shared across the collective based on actual claims. In contrast to traditional insurers, Laka earns a success fee only when claims are paid, aligning its interests with those of its customers.
The newly secured funds will be used to drive the company towards profitability, support further acquisitions, and expand its operations across Europe. Laka also revealed plans to finalise a significant debt financing agreement in the coming months to fund additional M&A activity. A potential extension round, targeting strategic investors, may follow later in 2025.
The company has undergone a strategic evolution in recent years, moving beyond cycle insurance into a broader green mobility platform. It now operates in nine EU markets and the UK and has bolstered its growth through a series of acquisitions. Notably, it acquired Luko’s e-scooter portfolio from Allianz Direct in 2025, the renewal rights to CoverCloud’s bike insurance in 2024, and French e-bike broker Cylantro in 2023.
The company’s client base includes major commercial partners such as Decathlon, Brompton, Riese & Müller, and Tenways. Laka also offers services including bike replacement, damage recovery, recycling of bike parts, and solutions tailored to bike retailers and manufacturers.
Laka CEO and co-founder Tobias Taupitz said, “Reaching this milestone marks a pivotal moment in Laka’s journey – it’s a testament to the trust we’ve built with riders, retailers, and corporate partners across Europe. This new financing will enable us to deepen that trust, expand our category‑defining role in green mobility insurance, and build towards profitability, while pursuing further acquisitions that consolidate this fragmented market.”
Shift4Good founding partner Matthieu de Chanville said, “As sustainable transport and micro‑mobility expand across Europe, the need for seamless, customer‑centric insurance has never been greater. Laka is positioned to lead this space, aligning interests between riders, retailers, and insurers, and tackling the fragmented nature of the market head on. We’re excited to support their next chapter of growth and to help unlock the full potential of the green mobility revolution across the European continent.”
MS&AD Ventures president and managing director Jack Toyama said, “The micro‑mobility market is evolving rapidly, presenting huge opportunities for platforms that can unify and redefine its insurance offerings. Laka has demonstrated an impressive ability to integrate acquisitions and build a collective‑driven approach that benefits both riders and businesses. We’re proud to support the team as they scale across Europe and help drive the shift towards a cleaner, more connected transport ecosystem.”
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