Tag Archives: HumanForest

HumanForest raises £2.3 million, company valuation rises to £31.3 million

HumanForest has raised £2.3 million at the close of its pre-series A funding round. The company, founded by former-Cabify lead Agustin Guilisasti and backed by Cabify founders Juan de Antonio and Vicente Pascual, has announced the funding ahead of its launch in London this September. HumanForest e-bikes operate a unique …

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HumanForest partners with Nutmeg ahead of London launch

E-bike sharing app HumanForest has partnered with digital wealth manager Nutmeg. The deal will see Nutmeg benefit from HumanForest’s advertising-led revenue model, where consumers receive an advert from partners before and after using a HumanForest e-bike. This model allows customers to ride for free for ten minutes each day and …

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HumanForest launching new e-bike fleet in London this summer

HumanForest is to launch its new fleet of e-bikes in London this summer, following a pilot last year. The bikes have long-range, swappable batteries. To make rides affordable and accessible, HumanForest’s advertising revenue model means users will receive 10 minutes free every day. Customers will then pay £0.15 per minute …

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HumanForest completes crowdfunding campaign with £1.27 million raised

HumanForest has successfully completed its crowdfunding campaign, raising £1.27 million. “I would like to offer a warm welcome to HumanForest’s 523 new shareholders,” said Agustin Guilisasti, CEO and founder. “It gives me and the whole team at HumanForest great excitement to know that so many people from all around the …

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HumanForest secures £1.25 million crowdfunding investment

HumanForest has secured its target crowdfunding investment of £1.25 million. The campaign is now overfunded thanks to commitments from more than 445 investors. Capital raised will be used by HumanForest to acquire 1,500 electric bikes, expand into 15 London boroughs by summer 2021 and grow internationally in 2022. HumanForest launched …

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HumanForest launches £1 million crowdfunding campaign to roll out more e-bikes

HumanForest has launched a £1 million crowdfunding campaign with Crowdcube, following a trial in Islington and Camden and a seed investment round of £1.8 million. Capital raised through the campaign will be used to buy more e-bikes, allowing the company to open in ten London boroughs next spring with 1,000 …

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HumanForest suspends service, lays off staff and plans 2021 relaunch

HumanForest has suspended its e-bike service in London following “mechanical issues” and will relaunch in Spring 2021 with a new model. As part of the move, the UK start-up has made a number of layoffs just weeks after announcing a £1.8 million seed round of funding.  The company confirmed it …

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HumanForest raises £1.8 million to support further roll-outs

HumanForest has raised a £1.8 million investment as it looks to roll-out 2,000 e-bikes by the end of 2020. Set up by former Cabify lead Agustin Guilisasti and backed by Cabify founders Juan de Antonio and Vicente Pascual, HumanForest provides 20 free minutes daily, and then costs 12p per minute. …

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HumanForest partners with Rude Health to ‘help get London up and about again’

HumanForest has partnered with Rude Health as part of its mission to “change mobility behaviour” across London. The e-bike sharer scheme, which is available for free for 20 minutes every day, is searching for partner companies which share its vision to offer eco-friendly mobility solutions. “Londoners’ mobility habits are changing …

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HumanForest rolls out in Camden following ‘exceptional demand’

HumanForest has arrived in Camden after ‘exceptional demand’ following its launch in Islington at the end of June. The shared e-bike scheme saw 3,000 users register within two weeks of launch. In order to meet the growing demand, HumanForest is rolling out an additional 1,000 bikes in the coming months. …

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