Tag Archives: investment

Leopard Tech closes initial seed investment round after securing £560,000

Leopard Technology has closed its initial seed investment round after securing its target of £560,000. Since announcing the launch of its Leopard Lync solution a few months ago, the bicycle connectivity solution has gained interest from potential customers, the cycling media and investors alike. The solution is a combination of …

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Knaap Bikes secures financial support from Dutch bank Rabobank

Dutch bank Rabobank has backed e-bike brand Knapp Bikes as it prepares to ‘take its business to the next level’. Knaap Bikes distributor JDM Products confirmed that the business has secured financial support to help build on the brand’s success and fulfil its ambitions of “taking over the e-bike market”. …

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La Passione secures long-term strategic growth plan with €7 million investment

La Passione has secured its long-term strategic growth plan with a new investment round. The direct-to-consumer clothing brand has received a new capital increase of €7 million over four years that will enable it to increase its brand awareness, explore new territories and accelerate its growth in the market. “We …

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The Bike Club secures £7.5 million funding to satisfy ‘extraordinary’ demand

The Bike Club has announced a new £7.5 million debt facility funding with investment management firm Triple Point. The purpose of the facility is to provide growth finance for the Bike Club – primarily for the purchase of new bikes in order to satisfy ‘extraordinary’ levels of demand. Founded in …

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Rhône to make ‘significant’ equity investment in Wahoo

Global private equity firm Rhône is to make a ‘significant’ equity investment in Wahoo Fitness. As part of this transaction, Wahoo founder and chairman Chip Hawkins and the company’s management team, including chief executive officer Mike Saturnia, will make reinvestments alongside Rhône. Wahoo’s current private equity investor Norwest Equity Partners …

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havebike launches first round of public investment as it begins UK expansion

havebike has launched its first round of public investment as it begins expansion across the UK. The London-based business is inviting the cycling community and the wider public to join it on its journey, seeking upwards of £500,000, having already raised over 80% of the target amount. With a pre-investment …

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Zoomo raises $12 million to bolster ‘e-bikes for businesses’ model

E-bike innovator Zoomo has secured $12 million from new and existing investors as it expands into new markets and invests in further innovation of its commercial use electric bike platform. AirTree Ventures led the capital raise as a new investor, with follow-on support from existing investors the Clean Energy Finance …

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Discovery invests in EWS operator Enduro Sports Organisation

Discovery has invested in Enduro Sports Organisation, the owner and operator of the UCI recognised Enduro World Series (EWS) and EWS-E. The move will see Discovery’s Play Sports Group lead the further expansion of EWS events through the creation of new live and on-demand content, as well as broader commercial …

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Government invests £18 million in cycle training for children and families

Transport Secretary Grant Shapps has today announced £18 million for cycle training across the country to ensure children and their families have the confidence to choose active travel, as the Government encourages everyone to walk or cycle where possible. The funding, which is managed by The Bikeability Trust charity, will …

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Lime investing $50 million to bring e-bike service to 25 new cities in 2021

Lime has announced a $50 million investment in e-bikes, including new and improved hardware and plans to expand its service to an additional 25 cities this year. The company’s newest e-bike model will hit city streets this summer as it aims to expand its fleet globally. “As we build out …

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