New Bike Sharing Infrastructure to Kick Start in Europe, SUSI Partners Initiates Collaboration with Nextbike

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SUSI Partners has partnered with TIER Mobility’s nextbike to roll out bike-sharing infrastructure across European cities. Nextbike, the European market leader for bike-sharing, offers a complete service to municipalities and public transport agencies looking for an alternative to motorized traffic. It also improves air quality and reduces greenhouse gas emissions.

The agreement will see SEEF II provide funding for a portfolio of 15 projects in Germany and Austria, Sweden, Italy, and Sweden. Nextbike’s strong market presence, and its near-term pipeline, means that the financing will continue to be extended to other cities in Europe.

Nextbike was founded in 2004 and has been a leading provider of bike-sharing solutions throughout Europe. They have successfully installed and managed bike-sharing systems across more than 300 cities in 20 countries. The full-service service includes maintenance and provision of different types of bikes, as well as relevant infrastructure such docking stations and digital solutions that allow end users to rent bikes. Nextbike will be able to finance capital expenditures and expand their offerings to other cities with the financing provided by SEEF II.

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Urban centres can be polluted by high levels of carbon dioxide and nitrogen dioxide due to heavy motorised traffic, especially during rush hour. Bike sharing is an integral part sustainable urban mobility concepts. It improves air quality, reduces noise pollution, supports urgent climate action, and promotes physical activity.

SUSI’s first transaction in a wider transport sector was with nextbike. It demonstrates the firm’s dedication to not only addressing the supply side but also supporting decarbonisation efforts. This agreement also demonstrates the effectiveness of SUSI Partners credit platform in applying structured financing solutions across a wide range of energy transition infrastructure themes across all sectors and use cases.

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