Series B · Mobility & Transport · London, United Kingdom · Founded 2020 · 50–100 employees
Forest is London's shared e-bike operator that makes sustainable urban transport affordable through an innovative advertising-subsidized business model. The company provides 10 minutes of free daily rides and costs significantly less than competitors, using ad revenue to subsidize trips. Forest has grown rapidly to over 14,000 e-bikes across 18 London boroughs, completing over 1.2 million trips monthly. The company achieved profitability in 2024 with revenues tripling, and recently raised €15.3 million in Series B funding to expand its sustainable fleet and enter new markets.