Vapaus has secured €10M in Series A funding to enhance its employee bike benefit offerings, aiming for international expansion and improved technology automation.
According to CEO Tero Era, 'Sustainable mobility is at the heart of Vapaus. Cycling is an important part of future mobility and with electrification, the role of bicycle is growing and diversifying globally.'
With the recent funding round, Vapaus plans to improve its platform automation and transform its financing model to enhance the employer experience.
Vapaus has automated the employee bike benefits process, encompassing payroll, invoicing, logistics, insurance, and financing, providing a seamless experience for employers and employees.
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