At what enterprise value was RYDE acquired in 2021?

You can find the full valuation details of RYDE on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of RYDE when it was acquired by EQUIP CAPITAL?

The exact EV/EBITDA multiple for RYDE is available on mynth capital. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was RYDE acquired by EQUIP CAPITAL?

RYDE was acquired by EQUIP CAPITAL in 2021.

What was the revenue of RYDE at the time of the deal?

The revenue of RYDE at the time of the deal is estimated to be in the range of 100M - 200M NOK. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of RYDE during the acquisition?

RYDE's EBITDA is estimated to be in the range of 5M - 25M NOK. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the RYDE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the RYDE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://naxs.se/en/equip-i-has-invested-ryde-leading-norwegian-provid/

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Home Database Retail & ConsumerRYDE

06/2021

EQUIP CAPITAL takes majority stake in RYDE

NORWAY Consumer Products / Sport / Cycling & Micromobility REV 100M - 200M NOK

Context

Equip Capital has acquired a 60% majority stake in Ryde to support the company's next phase of growth in the Nordic micromobility market. This transaction allows the founders to remain heavily involved in the company's capital and management while partnering with an investor that brings the necessary financial resources and expertise to accelerate growth. Through this investment, Equip aims to drive Ryde's geographic expansion and strengthen its presence in key Norwegian cities. Ryde operates in a rapidly growing micromobility market, driven by increasing adoption of more flexible and environmentally friendly urban transportation solutions. The company has quickly established itself as a leading player in the sector, thanks to its proprietary technology platform and highly effective operational management. By acquiring a 60% stake, Equip Capital is well-positioned to support Ryde's continued growth and expansion in the Nordic region. The partnership will enable Ryde to leverage Equip's financial resources and industry expertise, while the founders will continue to play a key role in shaping the company's strategy and direction. As the micromobility market continues to evolve, Ryde is poised for further success, driven by its commitment to innovation, customer satisfaction, and sustainability.

RYDE, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Ryde is a micromobility operator founded in 2019 by Johan Olovsson and Espen Rønneberg. Headquartered in Oslo, the company offers urban mobility solutions primarily based on dockless e-scooters for short-distance trips in city centers. Ryde has established itself as a leading independent player in Northern European micromobility, driven by a business model focused on operational profitability and complete control over its value chain. Unlike many of its competitors, Ryde manages its technology, fleet, and daily operations in-house, enabling the company to optimize costs and enhance the efficiency of its network. With a fleet of over 120,000 vehicles deployed across 69 cities in Norway, Sweden, Finland, and Germany, Ryde's platform serves approximately 880,000 monthly active users, who have completed nearly 63 million trips as of 2025.

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Other operations with RYDE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
06/2026	EQUIP CAPITAL / GOLDMAN SACHS	RYDE	NORWAY	Consumer Products	A continuation fund managed by Equip Capital, with the backing of Goldman Sachs Alternatives as the lead investor, has acquired a majority stake in Ryde, a specialist in free-floating electric scooters

REFERENCES

Revenue range: 100M - 200M NOK

EBITDA range: 5M - 25M NOK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of RYDE by EQUIP CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: ryde

Acquirer: equip capital