Tag Archives: investment

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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Geraint Thomas joins Amp Human as shareholder and athlete advisor

Amp Human has added British Olympian and Tour de France champion Geraint Thomas to its athlete roster and investor list. The partnership marks a two-year agreement that will see Thomas as an active advisor to Amp Human as it expands its human performance portfolio. Thomas, who will also be a …

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FreeFlow Technologies completes £1.85 million funding round

FreeFlow Technologies (FFT) has secured £1.85 million from a funding round, which will support a move to a new headquarters and R&D facility in East Kilbride and further strengthen the team with senior technical positions and assembly engineers recruited. “FFT’s ‘novel’ patented e-bike transmission system is more lightweight, compact and provides …

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Silverfish sees strong summer sales, YoY growth of 21%

Silverfish has reported significant sales growth during the summer, with a 56% increase from June to October versus the same period last year. This has led to year-on-year sales growth of 21%, and has meant the company can continue “investing with confidence”, said managing director Darren Mabbott. “Whilst we are …

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British e-bike startup FuroSystems raises £750,000 in seed funding

British e-bike manufacturer FuroSystems has raised £750,000 in seed funding, with TSP Ventures, ClearlySo and a number of angel investors participating in the round. The company, which creates high-end electric bikes and electric scooters, has seen demand surge since the COVID-19 lockdown from an already high growth rate, with year-on-year …

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Laka to aid next phase of development with Seedrs crowdfunding campaign

Laka has announced a Seedrs crowdfunding campaign. Currently, Laka is participating in the Seedrs pre-registration phase. This provides potential investors with an opportunity to register interest and enjoy priority investment access (for as little as a £10 investment) prior to the crowdfunding campaign opening publicly. The pre-registration phase closes at …

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Scottish Government and sportscotland launch £8 million fund to improve cycling facilities

The Scottish Government and sportscotland have launched an £8 million fund to improve cycling facilities across the country. The national Cycling Facilities Fund will capitalise on the upsurge of interest in cycling by developing a network of accessible, inclusive and inspiring facilities that encourage people of all ages to ride …

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