Unlocking Growth Through Capital: Ridepanda Secures $3.8M via Hum
Funds raised
Unlocking Growth Through Capital: Ridepanda Secures $3.8M Sale-Leaseback Facility via Hum
Company: Ridepanda
Funding secured: $3.8 million
Use of Proceeds: Working Capital
Hum Capital is pleased to announce that Ridepanda, a leading micromobility platform, has secured a $3.8 million loan to support their continued expansion.
At Hum Capital, we help innovative companies unlock capital by structuring financing solutions that align with their growth goals. Our recent collaboration with Ridepanda, a leading micromobility platform, is a prime example of how non-dilutive capital can unlock immediate value from existing assets.
To support working capital requirements and improve operational flexibility, Ridepanda partnered with Hum to structure a $3.8 million sale-leaseback facility through one of Hum’s trusted equipment financing partners on its Intelligent Capital Market.
Turning Assets into Liquidity
Ridepanda had significant cash flows tied up in previously acquired equipment. Seeking to reallocate that capital toward scaling operations, the company engaged with Hum to explore flexible financing options beyond traditional debt or equity.
Within a short timeframe, Hum sourced and structured a sale-leaseback agreement that allowed Ridepanda to convert its owned assets into capital—while continuing to use the equipment without disruption.
This transaction unlocked $3.8 million in non-dilutive funding, enhancing liquidity without compromising ownership or growth potential.
Accelerating Impact and Efficiency
The newly available capital will empower Ridepanda to:
- Reinvest in rider experience and operations
- Expand partnerships and fleet capacity
- Improve financial efficiency without taking on restrictive debt
By aligning financing with business needs, Hum’s Intelligent Capital Market platform enabled Ridepanda to stay agile while securing the capital they need to fuel growth.
About Ridepanda
Ridepanda is a micromobility marketplace and fleet management platform focused on sustainable, electric transportation. From e-bikes to scooters, Ridepanda provides end-to-end solutions for both consumers and organizations looking to reduce their carbon footprint while improving local transportation efficiency.
With a commitment to clean energy, innovative logistics, and smart mobility solutions, Ridepanda is leading the charge toward a more sustainable urban future.