London-based mobility insurance startup Laka has raised €8.9 million (approximately $10.4 million) in a new Series B round, co-led by Shift4Good and MS&AD Ventures.
Other backers include Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, and Republic.
With this new capital, Laka plans to fast-track its journey toward profitability while eyeing further acquisitions to consolidate the fragmented green mobility insurance space. A strategic funding round is also on the horizon for 2025, along with a new debt financing deal to fuel future growth.
“This new financing will enable us to deepen our category-defining role in green mobility insurance and build towards profitability,” said Tobias Taupitz, CEO and co-founder of Laka.
Redefining Insurance with a Collective-Driven Model
Founded in 2017 by Tobias Taupitz, Jens Arne Hartwig, and Ben Allen, Laka is disrupting the traditional insurance space with a unique collective-driven model. Instead of charging fixed premiums, customers pay based on actual claims incurred by the group. When claims are low, members pay less — and payments are always capped based on the value of their insured bikes or e-mobility gear.
This model, Laka says, aligns their incentives with their customers’, as the startup earns revenue only when claims are approved. The platform currently operates in nine EU countries and the UK, offering coverage for e-bikes, e-scooters, and cargo bikes, along with personal liability, recovery, and business-focused products.
“Laka is positioned to lead this space, aligning interests between riders, retailers, and insurers,” added Matthieu de Chanville, Founding Partner at Shift4Good.
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Growth Through Acquisition and Partnerships
The company has grown significantly through strategic acquisitions. In 2025, the company absorbed Luko’s e-scooter insurance portfolio from Allianz Direct, adding 19,000 customers. In 2024, it acquired CoverCloud’s UK bike insurance renewal rights, and in 2023, entered the French market by acquiring Cylantro, an e-bike broker.
The startup has also expanded its reach through B2B2C partnerships with retailers like Decathlon, Brompton, Gazelle, Riese & Müller, Tenways, and Ribble.
“Laka has demonstrated an impressive ability to integrate acquisitions and build a collective-driven approach,” said Jack Toyama, President of MS&AD Ventures.
With high customer retention and increasing ARPU, Laka is setting its sights on becoming Europe’s leading green mobility insurance platform — and this latest funding brings it one step closer.
