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.
Continue reading this article?
- Create an account under a minute and continue reading
- Read 3 articles for free every month
Create an account instantly
More than 100 organizations have a business subscription with us. Check here if you already have unlimited access via your employer.