Tag Archives: investment

Ampler raises €7.4 million to support expansion plans

Ampler has raised €7.4 million in an equity round to support its expansion plans. The round was led by seasoned investors Taavet Hinrikus and Sten Tamkivi from Taavet+Sten and joined by top Estonian investors Metaplanet, Ambient Sound Investments and Ragnar Sass. It puts the company valuation at €47 million. The …

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Investors double down on Rad Power Bikes with additional $154 million

Rad Power Bikes has announced $154 million in funding from existing investors to supercharge its global efforts to get more people out of cars and onto e-bikes. This round is led by Fidelity Management and Research Company LLC, with investments from funds and accounts advised by T. Rowe Price Associates, …

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milKit takes ‘two large steps’ towards growth

Since entering the market six years ago, Sport Components AG has steadily expanded its range of products to simplify the installation and maintenance of tubeless bicycle tyres, all sold under the milKit brand. It has positioned itself internationally as a manufacturer of highly innovative products of the highest quality. Thanks …

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Busby secures investment boost through LCR Angel Network

Personal safety app Busby and its sister technology RoadRadar have secured a seven-figure investment, including funds from a syndicate of angel investors through the Liverpool City Region (LCR) Angel Network’s introductions. Founded in November 2019 by friends James Duffy, Kirk Ryan and Barry Green, Busby resides in Liverpool’s Global Innovation …

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TVS Motor Company forms strategic partnership with e-bike brand EGO Movement

TVS Motor Company has announced its partnership with Swiss e-bike brand EGO Movement as a majority shareholder. TVS Motor intends to expand its portfolio of sustainable and scalable personal mobility solutions and brands in the area of electromobility and ‘recognised the potential’ in EGO Movement. Joint managing director of the …

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Café du Cycliste founders sell minority stake to entrepreneur Gregory Mager

Café du Cycliste’s founders have sold a minority stake to entrepreneur Gregory Mager, co-founder of Maesa. Café du Cycliste was founded in 2010 by Remi Clermont and Andre Stewart in a traditional café nestled in the hills above the Cote d’Azur. With a current team of over 30, the brand …

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Velobici secures £400,000 funding boost

Velobici has secured a £400,000 funding boost as it expands to meet a surge in demand for its products and moves towards a fully sustainable operation. It will use the funding to bolster its workforce and facilitate a move to a new factory, which will be entirely powered by sustainable …

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Supersapiens welcomes Chris Froome as technical advisor and investor

Supersapiens has welcomed Chris Froome as a technical advisor and investor. Froome will be featured in Supersapiens’ marketing as a premier example for how the system and data analysis tools help athletes ‘discover endless energy and go faster longer’. CEO and founder of Supersapiens Phil Southerland said: “We’re excited to …

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VanMoof raises $128 million to increase production capabilities and develop new technology

VanMoof has announced a $128 million Series C minority investment in a funding round led by Hillhouse Investment, an Asia-based private equity firm. The company said it will use the funds to increase its production capabilities, continue the development of new technology, improve bike specs and reliability, and break down …

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HumanForest raises £2.3 million at close of pre-series A funding round

HumanForest has raised £2.3 million at the close of its pre-series A funding round. The company, founded by former-Cabify lead Agustin Guilisasti and backed by Cabify founders Juan de Antonio and Vicente Pascual, has announced the funding ahead of its launch in London this September. HumanForest e-bikes operate a unique …

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