InsurTech Laka, the UK-based green mobility insurance platform, has announced a €8.8 million Series B funding round aimed at expanding its presence across nine EU countries and the UK. The round was backed by a mix of existing and strategic investors, including Ponooc, Achmea Innovation Fund, Porsche Ventures, CoreWeave, Autotech Ventures, and MS&AD Ventures, among others.
Founded in 2017, Laka is redefining insurance for e-bikes, e-scooters, and other sustainable transport modes by using a collective-driven model where users pay only for actual claims filed in a given month. The fewer the claims, the lower the customer’s cost—creating a system that benefits both riders and the company.
Over the last two years, Laka has expanded rapidly, moving from a niche cycle insurer to a multi-vertical green mobility platform. Strategic acquisitions have played a key role in this transformation. Recent deals include acquiring Luko’s e-scooter insurance portfolio from Allianz Direct (2025), CoverCloud’s UK bike insurance renewals (2024), and French e-bike insurer Cylantro (2023). These moves have added tens of thousands of customers and solidified Laka’s leadership in the micromobility insurance space.
Laka offers more than just standard coverage. Its ecosystem now includes recovery and replacement of stolen bikes, salvage and recycling services to reduce environmental waste, and commercial insurance solutions tailored for retailers and manufacturers such as Decathlon, Brompton, Tenways, Gazelle, and Riese & Müller.
The newly raised equity will be used to strengthen Laka’s platform, push toward profitability, and support a pipeline of further acquisitions. A significant debt financing deal is also in progress to fund expansion efforts. An additional extension round is expected in 2025, focused on onboarding strategic partners.
As the European micromobility market continues to grow — projected to reach €290 billion globally by 2030 — Laka aims to lead the insurance segment with a model that prioritizes transparency, sustainability, and customer-first policies.
Industry investors have lauded Laka’s customer-centric and ethical approach. Backers believe the startup is uniquely positioned to unify fragmented insurance offerings while helping drive the shift to cleaner urban mobility.
With sustainability at its core and a business model that aligns closely with the interests of riders and the planet, InsurTech Laka is shaping the future of insurance for the booming green transport sector across Europe.