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Tag Archives: investment

E-bike subscription service DANCE raises €15 million in Series A funding

E-bike subscription service DANCE has closed a €15 million Series A funding round. Led by Eric Quidenus-Wahlforss, Alexander Ljung and Christian Springub, DANCE is aiming to offer its all-inclusive service subscription package into expanded markets across Europe and eventually the US. “The goal of DANCE is to spark a global …

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ArmaUrto completes £300,000 funding round with CIOSIF support

ArmaUrto has secured a £150,000 equity investment from the Cornwall and Isles of Scilly Investment Fund (CIOSIF), as part of a larger £300,000 funding round. The investment round was led by The FSE Group, the appointed fund manager of CIOSIF. ArmaUrto’s management team includes former Moss Bros CEO Rowland Gee …

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Blubrake completes $6 million Series A round to expand safety solutions for e-mobility

Blubrake has announced a $6 million Series A round, allowing the company to reach total funding above $10 million. The funding round was led by e-Novia, the deep tech ‘Entreprises Factory’ within which Blubrake was founded and completed its acceleration process. Other investors included Progress Tech Transfer and some private …

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VanMoof raises $40 million to further capitalise on e-bike boom

VanMoof has announced a $40 million investment from Norwest Venture Partners, Felix Capital and Balderton Capital. The Series B financing comes after a $13.5 million investment in May and bolsters VanMoof for further global expansion, giving the company a stronger e-bike market share in North America, Europe and Japan. The …

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Wattbike secures £11.5 million investment

Wattbike has received an investment of £11.5 million from Piper, to help support its forward growth plans. The business is forecasting total sales in excess of £21 million in 2020 and has seen particularly strong growth in recent months, with sales orders rising 192% year-on-year in April. Based in Nottingham, …

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Bolt Bikes raises $11 million in Series A funding, rebrands to Zoomo

Bolt Bikes has completed a Series A capital raise of $11 million to expand its operations in the US. The startup has also announced a rebrand with a new name, Zoomo, and a new logo. The Australian Clean Energy Finance Corporation (CEFC) led the capital raise with a $5 million …

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VOLT on opening its new UK manufacturing facility during COVID-19

VOLT recently opened the doors to a new UK manufacturing facility in Milton Keynes, a move which represents a significant investment by the firm and centralises its production within a new facility. Rebecca Morley catches up with James Metcalfe to find out more Earlier this year, VOLT officially opened the …

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TfGM awarded £1 million to get thousands more people cycling and walking

Transport for Greater Manchester (TfGM) has been awarded a grant of £1 million from The London Marathon Charitable Trust to help get more people walking and cycling. TfGM will put the money towards supporting around 10,000 people in up to 60 communities across Greater Manchester to get active and travel …

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Work begins on segregated cycle lane in West Yorkshire

Work has started on a new three-kilometre segregated cycle lane in West Yorkshire. The construction of the new cycle lane on Elland Road, Leeds, is part of a £6.9 million package of new infrastructure delivered through the Combined Authority’s CityConnect programme, which is aimed at enabling more people to travel …

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Wilier Triestina aims for UK and international growth with new shareholder

Wilier Triestina has announced a new shareholder, Pamoja Capital, to support the brand with UK and international growth. The Italian company, founded in 1906, will remain in the hands of the Gastadello family. Currently, 3.5% of Wilier sales are from the UK. Andrea Gastaldello, CEO of Wilier Triestina SpA, said: …

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