Laka Raises $10.4M Series B and £6.5M Debt to Expand Green Mobility Insurance Across Europe
Laka, the London‑based insurtech that has pioneered a “collective” model for bike, e‑bike, and e‑scooter insurance, has secured fresh funding and financing that significantly bolsters its expansion across Europe and the UK. The company’s most recent $10.4 million Series B equity round — along with a £6.5 million venture debt facility — underlines investor confidence in Laka’s mission to redefine traditional insurance by aligning it more closely with the needs of the growing micromobility sector.
Founded in 2017, Laka has developed a unique insurance model that diverges from conventional fixed‑premium policies. Instead of charging predetermined monthly fees regardless of actual risk, Laka’s “collective‑driven” approach pools claims across a community of riders; customers pay a variable fee each month that reflects the real claims costs, capped at an agreed maximum level. This framework is designed to make insurance fairer and more transparent — costs rise or fall with the actual claims experience of the collective rather than actuarial predictions.
Laka’s latest fundraising round was co‑led by Shift4Good, a Paris‑ and Singapore‑based impact fund focused on sustainable solutions, and MS&AD Ventures, the venture capital arm of Japan’s MS&AD Insurance Group. The Series B was backed by a strong roster of long‑standing and repeat investors, including Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, and Republic (formerly Seedrs), among others. These backers have supported Laka’s evolution from a niche bike insurer to a multi‑vertical green mobility insurance platform operating in nine EU markets plus the UK.
In addition to the equity raise, the company secured a £6.5 million debt facility from HSBC Innovation Banking, bringing Laka’s total Series B funding to approximately £14.1 million. This financing is earmarked to fund strategic acquisitions and accelerate Laka’s expansion across Europe, helping the business consolidate its presence in a still‑fragmented insurance market while pursuing organic growth.
Laka’s funding comes amid continuing expansion through acquisitions and portfolio growth. Over the past two years, the company has completed a number of strategic moves: acquiring the e‑scooter insurance portfolio from Allianz Direct’s Luko business, adding nearly 20,000 French customers; acquiring the renewal rights to UK bike insurer CoverCloud to strengthen its home market foothold; and earlier bringing French e‑bike insurance broker Cylantro into the fold. These moves expand Laka’s customer base and deepen its role in the micromobility ecosystem.
CEO and co‑founder Tobias Taupitz said that reaching this funding milestone marks a “pivotal moment” in Laka’s journey, enabling the company to deepen trust with riders, retailers, and institutional partners while building toward profitability. Laka’s insurance products are increasingly embedded at the point of sale with major partners in the cycling and electric mobility space, and its technology now supports a broader set of services including recovery and replacement for stolen or damaged bikes and e‑scooters, and parts salvaging to reduce waste and enhance sustainability.
The recent funding also reflects broader market dynamics. Micromobility — including bicycles, e‑bikes, and e‑scooters — continues to grow rapidly across Europe, driven by urbanization trends, environmental concerns, and shifts in commuting habits. According to industry projections, the global micromobility market is expected to more than double by 2030, with Europe poised to be its largest regional contributor. Despite this growth, insurance options tailored to the specific needs of riders and fleets remain limited, creating fertile ground for Laka’s community‑centric model.
With this latest capital and financing in place, Laka plans to accelerate product development, expand its team, and continue forging partnerships with mobility brands, retailers, and leasing platforms. By doing so, the company aims to remain at the forefront of the insurance segment serving the sustainable transport revolution, offering riders a fairer, more transparent alternative to legacy insurers while supporting responsible growth in the micromobility ecosystem.
