UK e-bike insurer Laka raises €7.6 million and acquires French competitor

LONDON, England - Laka, an insurtech providing a range of insurance and circular economy services to e-bike riders, cyclists and companies has announced a €7.6 million funding round as it "doubles down on growth" with the rise of e-bike sales in Europe. Additionally, the Porsche-backed company has acquired French e-bike broker Cylanto to expand its presence in France.

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