About Upway
Upway is a company based in Gennevilliers (France) founded in 2021 by Toussaint Wattinne and Stephane Ficaja.. Upway has raised $120.94 million across 4 funding rounds from investors including Exor, Europeanclimate and Korelya Capital.
- Headquarter Gennevilliers, France
- Founders Toussaint Wattinne, Stephane Ficaja
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$26.49 M (USD)273as on Dec 31, 2023
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Net Profit
$-11.1 M (USD)-94as on Dec 31, 2023
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EBITDA
$-11.18 M (USD)-94as on Dec 31, 2023
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Total Equity Funding
$120.94 M (USD)
in 4 rounds
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Latest Funding Round
$60 M (USD), Series C
Sep 23, 2025
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Investors
Exor
& 8 more
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Employee Count
Employee Count
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Funding Insights of Upway
Upway has successfully raised a total of $120.94M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $60.0M
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First Round
First Round
(30 Nov 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Series C - Upway | Valuation |
investors |
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| Nov, 2023 | Amount | Series B - Upway | Valuation | Korelya Capital | |
| Apr, 2022 | Amount | Series A - Upway | Valuation | Sequoia Capital , Exor |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Upway
Upway has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Exor, Europeanclimate and Korelya Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on investing in tech startups
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Investments are directed toward climate tech startups by this fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Upway
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Upway
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Upway Comparisons
Competitors of Upway
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Upway
Frequently Asked Questions about Upway
When was Upway founded?
Upway was founded in 2021.
Where is Upway located?
Upway is headquartered in Gennevilliers, France. It is registered at Gennevilliers, Ile-de-france, France.
Who is the current CEO of Upway?
Toussaint Wattinne is the current CEO of Upway. They have also founded this company.
Is Upway a funded company?
Upway is a funded company, having raised a total of $120.94M across 4 funding rounds to date. The company's 1st funding round was a Series A of $25.3M, raised on Nov 30, 2021.
What is the annual revenue of Upway?
Annual revenue of Upway is $26.49M as on Dec 31, 2023.
What does Upway do?
Upway was founded in 2021 and is based in Gennevilliers, France. Operations focus on the electric bike sector, where used bikes from top brands are inspected and reconditioned to ensure quality. A wide selection of models is offered through the companys platform, with accessibility emphasized and a one-year guarantee provided on all sales.
Who are Upway's investors?
Upway has 9 investors. Key investors include Exor, Europeanclimate, Korelya Capital, Sequoia Capital, and Transition.