Business

Partnerships, acquisitions and investment news

Dutch e-bike brand VanMoof raises $128 million

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 …

Read More »

Vestel steps up e-bike battery solutions ambitions

Vestel is accelerating its battery solutions business. According to the company, a large team of dedicated R&D engineers is already in place to oversee the design, testing and production of its e-bike battery pack concepts. Failure Modes and Effects Analysis (FMEA) and simulation tools have been implemented from the start …

Read More »

Zipp Mobility closes €1.3 million funding round to support e-scooter expansion plans

Zipp Mobility has closed a €1.3 million funding round, securing a total of €500,000 from two prominent angel investors, including Barry Maloney, €250,000 from Enterprise Ireland and raising €562,000 through a crowdfunding campaign on the Spark Crowdfunding platform. Earlier this year, Maloney was appointed chairman of Workhuman, the HR technology …

Read More »

HumanForest raises £2.3 million, company valuation rises to £31.3 million

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 …

Read More »

Voi raises $45 million to invest in building a sustainable micromobility company

Voi has raised $45 million in a Series C extension round led by The Raine Group. The funding will help Voi invest in building a sustainable company that will continue to ‘revolutionise’ urban mobility over the coming decade. This brings the total Series C funding raised by Voi to $205 …

Read More »

Product partner: Introducing e-bike manufacturer EBFEC

Nico Law introduces Polish e-bike manufacturer EBFEC as it seeks new distribution deals ‘An electric bike for every customer’. This is how Nico Law, EBFEC’s general manager, defined his brand in a brief and powerful statement. “We want to make e-bikes that everyone can afford, ride and enjoy,” said Law. …

Read More »

E-bike company WAU opens new Essex factory

Nottingham-based e-bike company WAU has opened a new factory in Essex as the firm continues to expand to meet ‘surging’ demand. The site, which officially opened for production last month, is based in a central point for the firm in South Woodham Ferrers. After taking more than a year to …

Read More »

HumanForest partners with Nutmeg ahead of London launch

E-bike sharing app HumanForest has partnered with digital wealth manager Nutmeg. The deal will see Nutmeg benefit from HumanForest’s advertising-led revenue model, where consumers receive an advert from partners before and after using a HumanForest e-bike. This model allows customers to ride for free for ten minutes each day and …

Read More »

MiRiDER on its new 7,000 sq ft facility in Wigan, the brand’s ambitions and what makes it unique

Rebecca Morley visits MiRiDER’s new production facility in Wigan to find more about the brand With its new 7,000 sq ft facility in Wigan, folding e-bike brand MiRiDER has its eyes set on serving dealers all over the UK. And each bike is built by hand by a trained operative …

Read More »

NoTraffic raises $17.5 million from former Uber exec

NoTraffic has raised $17.5 million in a Series A round led by Nielsen Ventures, a firm founded by former Uber and Dropbox executive and ex-Balderton Capital GP Lars Fjeldsoe-Nielsen and VEKTOR Partners, a VC firm focused on mobility disruption. Leading early-stage venture capital investment firm Grove Ventures, insurance leader Menora …

Read More »