Published: April 28, 2026 at 3:59 pm
London e-bike operator Forest has secured a further £27 million in funding, taking its total Series B round to £40m.
The investment comes at a time of significant growth for the business, which has cemented its position as a market leader in London’s shared e-bike sector – the largest in the world.
Forest, which entered London’s bike share market in 2020, has scaled its user base to 1.5m – representing 100% year-on-year growth – and now completes 2m rides per month across 18 boroughs in the capital.
The funding round sees Forest’s e-bike manufacturer take a minority stake in the company. The strategic partnership with OKAI, a sector first, gives Forest direct input into the design and build of its fleet.