{"id":17037,"date":"2022-03-30T12:16:07","date_gmt":"2022-03-30T10:16:07","guid":{"rendered":"https:\/\/www.joffeassocies.com\/zenride-partners-with-an-impact-vc\/"},"modified":"2026-09-28T16:22:24","modified_gmt":"2026-09-28T14:22:24","slug":"zenride-partners-with-an-impact-vc","status":"publish","type":"post","link":"https:\/\/www.joffeassocies.com\/en\/zenride-partners-with-an-impact-vc\/","title":{"rendered":"Zenride partners with an Impact VC"},"content":{"rendered":"<p><a href=\"https:\/\/www.cfnews.net\/L-actualite\/Capital-innovation-developpement\/Operations\/1er-tour\/Zenride-roule-avec-un-VC-a-impact-397853\">CFNEWS article by Lucas Djeffal, published on March 28, 2022, at 1:51 p.m.<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>\u00ab Although it is still a very young and relatively underdeveloped market, France\u2019s long-term bicycle leasing market with an option to purchase has significant potential. By comparison, Germany has 1.5 million leased bicycles, \u00bb notes Olivier Issaly, Zenride\u2019s new president. A member of the 50 Partners executive network, this serial entrepreneur, who also founded video game studio Owlient, acquired by Ubisoft in 2011 (see below), joined the company in 2019 as Chief Technology Officer.<br \/>\nThe company\u2019s founders, Antoine Repussard and Thomas Beaurain, who launched Zenride in 2018, respectively oversee sales and marketing. With the ambition of reaching its German neighbor\u2019s sales volumes while helping drive the growth of low-carbon mobility, the management team is bringing impact and transportation investors onto the shareholder base.<br \/>\nAlter Equity, which recently closed its second \u20ac110 million FPCI dedicated to financing companies aligned with the UN Sustainable Development Goals (see below), is leading the \u20ac5.6 million round, syndicated directly, with RATP Capital Innovation, a fund launched in 2017 to support start-ups, also participating. Founders Futures and several business angels are joining the round as well, having already backed Zenride\u2019s \u20ac550,000 seed round in 2020. They include Christophe Courtain (Flex-O), Cyril Vermeulen (Aliquini), and Justin Ziegler (PriceMinister).<br \/>\nThe overall financing amounts to \u20ac8 million, including loans from Bpifrance that are currently being secured.<\/p>\n<p>&nbsp;<\/p>\n<h4><strong>More than 1,000 bikes in circulation<\/strong><\/h4>\n<p>Zenride offers companies with more than 1,000 employees a package covering most of the cost of a bicycle leasing program, including the bike itself, insurance, and maintenance. More than 1,000 employees across 60 companies, including Veolia, Saint-Gobain, AXA, and Accor, now have access to a bike, paying one-third of the monthly lease cost themselves \u2014 \u201caround \u20ac30 a month\u201d \u2014 with the option to purchase it at the end of the three-year contract. Prices vary depending on the model, with 80% of the bikes provided, for example, being electric-assist models.<br \/>\nThe young company sources its bikes through a network of 150 partner stores, including Decathlon outlets. The latest financing will fund a recruitment drive aimed at quadrupling its current 10-person workforce, primarily by hiring sales staff. Zenride is therefore targeting a sixfold increase in sales this year, after signing \u20ac2.5 million worth of contracts last year.<\/p>\n<p>&nbsp;<\/p>\n<h4><strong>Transaction participants<\/strong><\/h4>\n<p>Target Company: ZENRIDE<br \/>\nAcquirer or Investor: ALTER EQUITY, F\u00e9lix Mounier, RATP CAPITAL INNOVATION, St\u00e9phanie Bourgeais, FOUNDERS FUTURE, BUSINESS ANGELS, Christophe Courtin, Cyril Vermeulen, Justin Ziegler<br \/>\nCorporate Law Firm: JOFFE &amp; ASSOCI\u00c9S, Thomas Saltiel <a href=\"https:\/\/www.joffeassocies.com\/en\/avocat\/charlotte-viandaz\/\">Charlotte Viandaz<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CFNEWS article by Lucas Djeffal, published on March 28, 2022, at 1:51 p.m. &nbsp; \u00ab Although it is still a very young and relatively underdeveloped market, France\u2019s long-term bicycle leasing market with an option to purchase has significant potential. By comparison, Germany has 1.5 million leased bicycles, \u00bb notes Olivier Issaly, Zenride\u2019s new president. A [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5186,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-17037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Zenride partners with an Impact VC &#8211; Joffe &amp; Associ\u00e9s<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.joffeassocies.com\/en\/zenride-partners-with-an-impact-vc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zenride partners with an Impact VC\" \/>\n<meta property=\"og:description\" content=\"CFNEWS article by Lucas Djeffal, published on March 28, 2022, at 1:51 p.m. &nbsp; \u00ab Although it is still a very young and relatively underdeveloped market, France\u2019s long-term bicycle leasing market with an option to purchase has significant potential. By comparison, Germany has 1.5 million leased bicycles, \u00bb notes Olivier Issaly, Zenride\u2019s new president. A [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.joffeassocies.com\/en\/zenride-partners-with-an-impact-vc\/\" \/>\n<meta property=\"og:site_name\" content=\"Joffe &amp; Associ\u00e9s\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-30T10:16:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-28T14:22:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2022\/03\/Vignette-Zenride-mars-22-site.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"348\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Blaise Deltombe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@JoffeAssocies\" \/>\n<meta name=\"twitter:site\" content=\"@JoffeAssocies\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Blaise Deltombe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.joffeassocies.com\/en\/zenride-partners-with-an-impact-vc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/zenride-partners-with-an-impact-vc\/\"},\"author\":{\"name\":\"Blaise Deltombe\",\"@id\":\"https:\/\/www.joffeassocies.com\/#\/schema\/person\/1e4e86e4066938387ee59b3004797f29\"},\"headline\":\"Zenride partners with an Impact VC\",\"datePublished\":\"2022-03-30T10:16:07+00:00\",\"dateModified\":\"2026-09-28T14:22:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/zenride-partners-with-an-impact-vc\/\"},\"wordCount\":411,\"image\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/zenride-partners-with-an-impact-vc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2022\/03\/Vignette-Zenride-mars-22-site.png\",\"articleSection\":[\"Deals\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.joffeassocies.com\/en\/zenride-partners-with-an-impact-vc\/\",\"url\":\"https:\/\/www.joffeassocies.com\/en\/zenride-partners-with-an-impact-vc\/\",\"name\":\"Zenride partners with an Impact VC &#8211; 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