UK-based e-bike developer CrownCruiser Motors has been awarded £139,970 from Innovate UK’s Sustainable Innovation Fund. The grant will enable CrownCruiser to set up an operations and assembly centre in Sheffield, working in partnership with Sheffield City Region to build, promote and sell the Rapture. “This moment is many years in …
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HumanForest has secured its target crowdfunding investment of £1.25 million. The campaign is now overfunded thanks to commitments from more than 445 investors. Capital raised will be used by HumanForest to acquire 1,500 electric bikes, expand into 15 London boroughs by summer 2021 and grow internationally in 2022. HumanForest launched …
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Voi has raised $160 million in new funding led by The Raine Group. Investors including VNV Global, Balderton, Creandum, Project A, Inbox, Nordic Ninja and sustainability-focused investors, including Stena Sessan, also participated in the round and were joined by entrepreneurs and executives to global companies, including Delivery Hero, Klarna, iZettle, …
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Scottish e-bike innovator FreeFlow Technologies (FFT) has secured £1.85 million in a funding round. The investment 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 …
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British e-bike manufacturer FuroSystems has raised £750,000 in seed funding, with participation by TSP Ventures, ClearlySo and a number of angel investors. 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 sales up …
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Tier has announced the completion of a $250 million Series C funding round led by SoftBank Vision Fund 2. Existing investors, including Mubadala Investment Company’s financial investment arm, Mubadala Capital, Northzone, Goodwater Capital, White Star Capital, Novator and RTP Global, also participated in the round. The focus of this new …
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DANCE has closed a €15 million Series A funding round for its e-bike subscription service. 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 …
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Blubrake has completed a $6 million Series A funding round to accelerate its expansion in safety solutions for e-mobility. 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 has raised $40 million in Series B funding, bolstering the brand for further global expansion. The investment, from Norwest Venture Partners, Felix Capital and Balderton Capital, comes after $13.5 million in funding earlier this year. It brings VanMoof’s total raised to $73 million. The brand has also reported a …
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Cowboy has raised $26 million (£20 million) in a Series B funding round. As a result of the round, which included investments from Isomer Capital, HCVC, Exor Seeds, Future Positive Capital and Index Ventures, Cowboy plans to hire an additional 30 employees in the next six months, scale its production …
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