Pon-owned Swapfiets reports multi-million euro losses

ZEIST, Netherlands - The blue-tyred bicycle subscription service Swapfiets has been struggling in recent years. After a loss of €14 million in 2020 and €29 million in 2021, this increased to €31 million last year, the latest financial records show. Despite these losses, investor Pon continues to support the concept which had anticipated on growth across Europe.

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