Forest

London-based micromobility firm Forest has successfully completed its Series B funding round, securing a total of £40 million to accelerate its expansion and enhance its e-bike infrastructure across the capital.

Summary of transaction details:

• Value: £40,000,000
• Sector: Logistics & Transport (Micromobility)
• Advisor: Not specified
• Key Entities: Forest (Target), OKAI (Lead Investor), B8 Venture Partners, Fen Ventures, Güil Mobility Ventures, Fintex Capital (Investors)
• Location: London, UK

Note: This funding round underscores investor confidence in Forest's established market leadership in London's shared e-bike sector and its strategic commitment to sustainable urban transport, technology innovation, and infrastructure development, including a strategic partnership with its e-bike manufacturer, OKAI.