Tag Archives: investment

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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Delfast raises $3.4 million in crowdfunding campaign for R&D centre

Ukrainian startup Delfast has closed the first round of its crowdfunding campaign on Fundable, raising $3.4 million from local and foreign investors. Launched by Delfast in November 2020, the campaign is aimed at constructing the R&D centre that will satisfy the rising demand for electric bikes and fulfil the requests …

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Whyte Bikes partners with Cairngorm Capital to develop product portfolio

Whyte Bikes has partnered with specialist investment firm Cairngorm Capital Partners LLP. This partnership will allow the British bicycle manufacturer to develop its product portfolio, including broadening its range of e-bikes. It gains brand management expertise and international sales experience via Cairngorm Capital, to develop its brand presence in existing …

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Sigma Sports receives new minority investment from Primary Capital Partners

Sigma Sports has received new minority investment provided by Primary Capital Partners, with the balance of funding coming from debt facilities provided by HSBC. Primary is a provider of private equity finance for UK-based growth companies valued between £20 million and £100 million. Its deal team was led by Graham …

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Vivacity Labs secures £5 million in Series A funding to support expansion

London-based tech company Vivacity Labs has secured £5 million of Series A funding in a VC round led by investor Mobeus, with additional funding from existing investors Downing Ventures and London Co-Investment Fund. Vivacity Labs works with government, regional bodies and local councils to rethink and optimise the way traffic …

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Planet X aims for international growth with Santander UK funding

Rotherham-based Planet X has secured a £3.225 million funding package through Santander UK. In 2020, Planet X’s 50 employees acquired the business from its founders and set up an Employee Owned Trust. The business has now moved its banking to Santander UK and is accessing a range of facilities to …

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Rad Power Bikes receives $150 million investment to expand worldwide operations

Rad Power Bikes has announced a minority investment of $150 million. The investment is from Counterpoint Global (Morgan Stanley), Fidelity Management and Research Company, The Rise Fund, the global impact investing platform managed by TPG, and funds and accounts advised by T. Rowe Price Associates. Existing investors Durable Capital Partners …

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Belgian investor GBL acquires majority stake in Canyon

Groupe Bruxelles Lambert (GBL) has signed a definitive agreement to acquire a majority stake in Canyon Bicycles. Founder Roman Arnold will remain the chairman of the advisory board and reinvest a significant part of his proceeds alongside GBL. As part of the transaction, significant minority shareholder TSG Consumer Partners will fully …

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UK e-bike developer awarded £139,000 from Innovate UK

A UK-based e-bike developer has won investment from Innovate UK’s Sustainable Innovation Fund. CrownCruiser Motors was awarded £139,970 to support the development of the Rapture e-bike as part of a dedicated COVID-19 innovation recovery fund. The grant will enable CrownCruiser to set up an operations and assembly centre in Sheffield, …

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