The logistics and transport company Movebybike has entered into a financing arrangement with SEB totaling SEK 8 million, consisting of an investment loan and an overdraft facility. The loan carries 5 percent interest and runs until April 2031.The capital will be used to increase capacity, including through investments in electric cargo bikes. The company highlights that the financing strengthens the balance sheet without dilution."This is more than just a loan; it is proof that our hard work has paid off through increased revenue and reduced losses. It is very satisfying that we now have the financial flexibility required to scale up our fossil-free deliveries and continue to challenge traditional logistics," says Movebybike's CEO Fredrik Videlycka in a comment.