Laka Secures $10.4M to Lead Europe's Green Mobility Insurance
July 16, 2025, 3:33 am
Laka, a London-based green mobility insurtech, secured $10.4 million in Series B funding. This investment propels its goal of achieving profitability and consolidating Europe's fragmented micromobility insurance market. The company champions a unique collective-driven model, offering fair, flexible coverage for bikes, e-bikes, and e-scooters. Laka's expansion and strategic acquisitions support the surging sustainable transport sector across nine EU countries and the UK. Its innovative approach aligns customer interests, transforming conventional insurance. This capital reinforces Laka's leadership in the rapidly growing green mobility ecosystem, driving market unification. The firm aims for further strategic growth.
London-based Laka, a pioneering insurtech firm, has finalized a significant Series B funding round. The company secured $10.4 million. This capital marks a crucial step in its strategic growth. Laka aims for profitability. It seeks to consolidate the evolving green mobility insurance market.
The funding round saw co-leadership from Shift4Good and MS&AD Ventures. Prominent investors also participated. These include Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, and Republic. The investment highlights strong confidence in Laka's business model. It validates its vision for sustainable transport insurance.
Laka began its journey as a cycle insurer. It has since evolved. The firm is now a multi-vertical green mobility platform. It operates across nine EU countries and the UK. Its core offering covers bikes, e-bikes, and e-cargo bikes. It also extends to personal liability and health & recovery solutions. Commercial partners benefit from tailored offerings. Laka’s reach is expanding.
The company's model is distinct. It operates on a collective-driven insurance principle. Customers do not pay upfront premiums. Instead, costs are shared based on actual claims from the collective. This fosters fairness. Fewer claims mean lower charges for members. A guaranteed cap limits individual monthly spend. This ensures financial predictability for policyholders. Laka earns a success fee only when claims are settled. This aligns its interests directly with customers. It stands in stark contrast to traditional insurers. They often benefit from claim rejections.
Laka challenges conventional insurance pain points. Long contracts are absent. Complex fine print is avoided. Customer service receives priority. This customer-centric approach has garnered recognition. The firm boasts seven consecutive wins as Best Cycle Insurance Provider. Its policies offer zero excess. Contracts are monthly. This flexibility appeals to modern consumers.
The global micromobility market is booming. Projections show its value more than doubling by 2030. It could reach $340 billion. Europe is a major contributor. Its market is set to grow from $60 billion in 2022 to $140 billion by 2030. Despite this rapid expansion, insurance in the sector remains fragmented. Laka addresses this directly. Its collective model seeks to unify offerings. It aims to redefine green mobility coverage.
Laka's strategy involves both organic growth and strategic acquisitions. Earlier this year, it acquired Luko’s e-scooter insurance portfolio. This added 19,000 customers. Such moves accelerate market consolidation. They expand Laka's customer base rapidly. The new funding will fuel further acquisitions. These are critical for market leadership.
Beyond insurance, Laka offers more. Its verticalized services enhance the green mobility ecosystem. These include recovery services for stolen or damaged bikes. The firm also assists with replacing stolen bikes. It engages in salvaging and recycling bike parts. This reduces waste and emissions. Commercial services support retailers, manufacturers, and bike shops. This makes Laka an integral part of the sustainable transport network.
The company maintains strong year-on-year growth. It shows high customer retention rates. Average revenue per customer is rising. Its B2B2C model strengthens connections. Partnerships with major retailers and brands are key. These include Decathlon, Brompton, Gazelle, Riese & Müller, Tenways, and Ribble. These collaborations drive significant momentum.
Profitability is a primary goal for Laka. The Series B funding is instrumental here. While Laka reported losses in previous years, this capital infusion targets financial sustainability. The company may pursue an additional extension round in 2025. This would target strategic investors. A significant debt financing agreement is also imminent. This will further support its ambitious acquisition pipeline.
Laka is positioned for continued leadership. Its innovative insurance model disrupts traditional markets. It fosters trust. It expands access to sustainable transport. The firm actively shapes the future of green mobility. Its growth trajectory remains robust. Laka champions a cleaner, more connected transport ecosystem. Its impact extends beyond financial transactions. It builds a community. It supports environmental goals. This funding round solidifies its path forward.
London-based Laka, a pioneering insurtech firm, has finalized a significant Series B funding round. The company secured $10.4 million. This capital marks a crucial step in its strategic growth. Laka aims for profitability. It seeks to consolidate the evolving green mobility insurance market.
The funding round saw co-leadership from Shift4Good and MS&AD Ventures. Prominent investors also participated. These include Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, and Republic. The investment highlights strong confidence in Laka's business model. It validates its vision for sustainable transport insurance.
Laka began its journey as a cycle insurer. It has since evolved. The firm is now a multi-vertical green mobility platform. It operates across nine EU countries and the UK. Its core offering covers bikes, e-bikes, and e-cargo bikes. It also extends to personal liability and health & recovery solutions. Commercial partners benefit from tailored offerings. Laka’s reach is expanding.
The company's model is distinct. It operates on a collective-driven insurance principle. Customers do not pay upfront premiums. Instead, costs are shared based on actual claims from the collective. This fosters fairness. Fewer claims mean lower charges for members. A guaranteed cap limits individual monthly spend. This ensures financial predictability for policyholders. Laka earns a success fee only when claims are settled. This aligns its interests directly with customers. It stands in stark contrast to traditional insurers. They often benefit from claim rejections.
Laka challenges conventional insurance pain points. Long contracts are absent. Complex fine print is avoided. Customer service receives priority. This customer-centric approach has garnered recognition. The firm boasts seven consecutive wins as Best Cycle Insurance Provider. Its policies offer zero excess. Contracts are monthly. This flexibility appeals to modern consumers.
The global micromobility market is booming. Projections show its value more than doubling by 2030. It could reach $340 billion. Europe is a major contributor. Its market is set to grow from $60 billion in 2022 to $140 billion by 2030. Despite this rapid expansion, insurance in the sector remains fragmented. Laka addresses this directly. Its collective model seeks to unify offerings. It aims to redefine green mobility coverage.
Laka's strategy involves both organic growth and strategic acquisitions. Earlier this year, it acquired Luko’s e-scooter insurance portfolio. This added 19,000 customers. Such moves accelerate market consolidation. They expand Laka's customer base rapidly. The new funding will fuel further acquisitions. These are critical for market leadership.
Beyond insurance, Laka offers more. Its verticalized services enhance the green mobility ecosystem. These include recovery services for stolen or damaged bikes. The firm also assists with replacing stolen bikes. It engages in salvaging and recycling bike parts. This reduces waste and emissions. Commercial services support retailers, manufacturers, and bike shops. This makes Laka an integral part of the sustainable transport network.
The company maintains strong year-on-year growth. It shows high customer retention rates. Average revenue per customer is rising. Its B2B2C model strengthens connections. Partnerships with major retailers and brands are key. These include Decathlon, Brompton, Gazelle, Riese & Müller, Tenways, and Ribble. These collaborations drive significant momentum.
Profitability is a primary goal for Laka. The Series B funding is instrumental here. While Laka reported losses in previous years, this capital infusion targets financial sustainability. The company may pursue an additional extension round in 2025. This would target strategic investors. A significant debt financing agreement is also imminent. This will further support its ambitious acquisition pipeline.
Laka is positioned for continued leadership. Its innovative insurance model disrupts traditional markets. It fosters trust. It expands access to sustainable transport. The firm actively shapes the future of green mobility. Its growth trajectory remains robust. Laka champions a cleaner, more connected transport ecosystem. Its impact extends beyond financial transactions. It builds a community. It supports environmental goals. This funding round solidifies its path forward.