eeef finances the rollout of Germany’s largest bike-sharing system in the Munich region

The European Energy Efficiency Fund (eeef), managed by Gresham House, is supporting nextbike in delivering "MyRadl", Germany’s largest bike-sharing system, across Munich and the surrounding region. The project contributes to cleaner urban mobility, stronger links with public transport and an expected reduction of around 1,800 tonnes of CO₂ emissions annually.

Alongside financing from the participating municipalities, eeef enables nextbike to equip the system with more than 6,700 conventional bicycles and pedelecs at initially 1,000 locations. MyRadl connects the City of Munich with 36 further municipalities in the Munich Transport and Tariff Association (MVV) area, enabling users to access, use and return bicycles across municipal and district boundaries.

Following nextbike’s successful bid in the MVV tender process in January 2026, the company launched MyRadl across the Munich metropolitan region. The system complements public transport and provides residents with a flexible, affordable and climate-friendly mobility option. nextbike, a European market leader in bike-sharing, is also active in more than 400 cities and municipalities across 21 countries.

Clean urban transport is one of eeef’s core investment areas alongside energy efficiency and small-scale renewable energy. The MyRadl financing demonstrates how public and private capital can be combined to deliver commercially viable infrastructure with tangible benefits for communities and measurable contributions to European climate objectives.

The financing of MyRadl builds on the longstanding partnership between Gresham House and nextbike. Through credit funds managed by Gresham House, the investment team has already completed financings totalling more than €50 million for nextbike projects in Germany, Austria, Poland and France.

Fabian Karger, Managing Director, Energy Transition Credit at Gresham House, said: “The project is an important milestone for eeef and demonstrates how public-private partnerships can help finance practical solutions for the transport transition while also providing diversified revenue streams for investors through concession fees, rental fees, advertising income and further corporate partnerships."

“For more than 20 years, nextbike has stood for easily accessible bike-sharing in cities and regions. With MyRadl, we are bringing this experience to one of Germany’s largest regional mobility projects. The system is closely integrated with public transport, makes journeys across municipal boundaries easier and brings sustainable mobility into people’s everyday lives in a visible and practical way. In Gresham House, we have found a financing partner that understands the fundamentals of our sector and shares its broader objectives,” said Meik Bruhs, CFO of nextbike.

“MyRadl has made an excellent start: both the conventional bicycles and the pedelecs are being used extensively, particularly for journeys to and from public transport stops and railway stations. The MVV app, MVGO and the nextbike app have handled the high level of demand extremely well. By integrating booking and payment into the apps, we have not only brought bus, rail and bicycle travel together in use, but also made access to MyRadl considerably easier,” said Dr Bernd Rosenbusch, Managing Director of MVV.

About nextbike

Founded in Germany in 2004, nextbike is one of Europe’s leading providers of public bike-sharing. The company develops and operates bike-sharing systems for cities, regions, transport operators, universities and businesses. Its services complement public transport, particularly for short journeys and the last mile. UK investment firm STAR Capital has been nextbike’s majority shareholder since 2024.

About the European Energy Efficiency Fund

The European Energy Efficiency Fund (eeef) is an innovative public-private partnership dedicated to mitigating climate change through energy efficiency measures, small-scale renewable energy and clean urban transport projects in the Member States of the European Union. Established by the European Commission, eeef provides financing at market rates to municipal, local and regional authorities and to public and private entities acting on their behalf. By combining public and private capital, the fund supports commercially viable projects that contribute to the European Union’s climate and energy objectives.