Rhyde

rhyde.co ↗ ·Madrid ·Pre-seed

Rhyde is a Madrid-based circular micro-mobility company that professionally refurbishes used and decommissioned e-scooters and e-bikes and resells them with warranty at prices up to ~50% below new, serving both consumers (B2C) and shared-mobility operators and fleets (B2B). Founded in 2021 by two IE University friends, it positions itself as Spain's leading refurbished micro-mobility player and has been recognised among Europe's top clean-mobility startups. In November 2024 it raised €460k led by Akka (formerly Blast) with EIT Urban Mobility participating, to expand across Spain and France.

Founded

2021

Founders

Total funds raised

€460K

SectorsMicromobility, Circular Economy, E-commerce, Sustainability, Consumer Electronics Start-up MapMobility & Logistics › Vehicle services & marketplaces

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Founders

Erik Ojantakanen

Co-Founder & CEO

Sartaaj Zeid Hussain

Co-Founder & CCO

Global models 5

Back Market

France · www.backmarket.com ↗

Sells professionally refurbished products with a warranty at well below new prices to consumers. Its range is mainly electronics but also includes e-scooters and e-bikes.

~$1.1BComparable

Upway

France · upway.co ↗

Buys used and ex-fleet e-bikes, refurbishes them and resells them with a warranty at up to 60% off new, in Europe and the US.

~$60MComparable

The Pro's Closet

United States · www.theproscloset.com ↗

Buys used bikes and e-bikes, has them certified and refurbished by its own mechanics, and resells them to consumers with a warranty.

~$40MComparable

Buycycle

Germany · buycycle.com ↗

Runs a resale platform for used bikes and e-bikes that checks and resells second-hand bikes to consumers across Europe.

~$40MComparable

Rebike

Germany · www.rebike.com ↗

Refurbishes used and ex-rental e-bikes and resells them with a warranty. It serves both consumers and B2B fleet channels.

~$20MComparable

In the same niche 6 others

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Mundimoto

Barcelona

No stage disclosed · €49.4M

Notes: Most funded first

Investors 2

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Akka

www.akka.app

Led Pre-seed 2024 Spain

EIT Urban Mobility

www.eiturbanmobility.eu

Pre-seed 2024 Spain

Funding rounds 1

Date	Round	Amount	Lead
2024-11-20	Pre-seed (estimated)	€460K	Akka +1 more

News 7

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Published	Article
2026-04-27	Rhyde: Launches B2B Micromobility with Sharpei ↗ Sharpei 2026-04-27
2024-11-20	Rhyde raises €460k from Akka and EIT Urban Mobility to accelerate growth of refurbished micro-mobility ↗ Capital-Riesgo 2024-11-20
2024-06-25	SmartGyro and Rhyde launch a revolutionary Plan Renove ↗ Rhyde (press release) 2024-06-25
2024-05-09	Rhyde's Partnership with EcoXtrem Sparks Exciting Growth ↗ Rhyde (press release) 2024-05-09
2024-01-27	Rhyde: Dando una Segunda Vida a los Scooters Eléctricos ↗ Startups Españolas 2024-01-27
2022-11-22	Rhyde – a sustainable urban micromobility solution ↗ MAPFRE Insights 2022-11-22
2022-05-06	Entrepreneur and rhyde co-founder, Sartaaj Zeid Hussain, on taking the road less traveled to business success ↗ IE University – Driving Innovation 2022-05-06