Drop Mobility, a rapidly growing e-bike share company that allows cities to purchase or lease e-bikes, has landed a growth funding package from Decathlon Capital Partners to support its continued expansion. Details of the revenue-based investment package were not disclosed.

Drop Mobility allows cities in the United States to run e-bike share systems to enable sustainable, local, micro-mobility across the country. The company offers best-in-class e-bikes, a full-stack software platform, and a dedicated operations division. Municipalities or transit agencies can purchase or lease Drop Mobility's bikes. The entities can then subscribe to software on long-term contracts that allows them to offer the e-bikes at fair prices to make them easier to access.