Laka nets £6.5m venture debt to fuel European micromobility consolidation
This article covers Laka, an insurer specialising in micromobility, which has raised a £6.5m venture debt facility, bringing its Series B funding to £14.1m. The financing aims to support acquisitions and expansion across Europe to consolidate the fragmented micromobility insurance market and scale cover for e-bike, e-scooter and other green mobility users.
Laka has raised a £6.5 million venture debt facility to accelerate acquisitions and expansion across Europe, bringing its Series B funding to £14.1 million. The financing underpins the insurer’s push to consolidate a fragmented micromobility insurance market and scale its collective-driven model for e-bikes, e-scooters and other green mobility users.
Why it matters
Insurance for micromobility remains fragmented across Europe even as e-bikes and shared scooters grow rapidly. Laka’s deal gives the company additional capital to pursue acquisitions and broaden its footprint at a moment when market consolidation could favour operators that can offer pan‑European products and distribution.
Analysts cited in the announcement point to McKinsey projections that put the global micromobility market rising from roughly $160 billion today to about $340 billion by 2030, with Europe set to be the largest regional contributor. For insurers, scale and distribution partnerships are key to building commercially viable products for riders, retailers and leasing platforms.
Inside the product
Laka began as a cycle insurer and has extended into multiple mobility verticals using what it describes as a collective pricing model. The company markets features such as no excess and transparent pricing and has added services beyond core cover, including recovery and replacement for stolen e-bikes and parts salvaging and recycling aimed at reducing waste.
Laka also offers embedded commercial insurance for manufacturers and retailers, which is how it integrates with retail and leasing partners. Those integrations are important because manufacturers and large retailers can provide high-volume distribution and data that insurers need to improve risk pricing and claims handling.
M&A track record
The company has completed three acquisitions in 24 months as part of a deliberate consolidation strategy:
- Luko’s e-scooter insurance portfolio (2025) — acquired from Allianz Direct, adding about 19,000 customers and extending Laka’s presence in micromobility.
- CoverCloud’s bike insurance renewal rights (2024) — strengthened Laka’s position in the UK renewal market.
- Cylantro (2023) — a French e-bike insurance broker that helped unlock one of Europe’s faster-growing mobility markets.
Each deal increased distribution, customer numbers or local market access, addressing the fragmentation that characterises micromobility insurance across European jurisdictions.
Founder perspective
Tobias Taupitz, CEO & Co-Founder of Laka, said:
We’re entering the next phase of Laka’s journey, scaling from Europe’s best-known cycle insurer into the continent’s category-defining green mobility insurer. This partnership with HSBC Innovation Banking gives us the flexibility to move fast on strategic opportunities and to further consolidate a fragmented market. In a space where scale and trust matter most, Laka is clearly emerging as the natural leader.
Partners and commercial reach
Laka lists partnerships with retailers and manufacturers including Decathlon, Brompton, Gazelle, Riese & Müller, Tenways, Ribble and others. These partners represent routes to market — from high‑street retail chains to specialist bike brands — and illustrate how insurers are increasingly embedding cover into sales, leasing and aftercare propositions.
The company says it operates across nine EU markets and the UK, positioning itself as a multi‑market mobility insurer rather than a single‑country niche player.
Who’s backing the round
Laka has raised a £6.5 million venture debt facility from HSBC Innovation Banking. Combined with a previously announced £7.6 million Series B equity round, this brings Laka’s total Series B funding to £14.1 million.
The earlier equity round was led by Shift4Good and MS&AD Ventures. Other investors named in the announcement include Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, Republic (formerly Seedrs), Porsche Ventures and a number of angel investors.
The debt facility is presented as capital to support continued strategic acquisitions and European expansion, complementing the equity raised earlier in the year.
If you're researching potential backers in this space:
- Explore our list of insurtech venture capital firms in the UK
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Laka’s latest financing fits a broader pattern in the UK and European startup ecosystem where specialist insurers and embedded insurance providers are consolidating distribution through partnerships and targeted acquisitions. For incumbents and new entrants in micromobility, the next 18 months will be telling: firms that can stitch together cross‑border distribution, data and claims operations will be better placed as the market matures.
They've invested in Laka
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