Tag Archives: investment

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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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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