Tag Archives: investment

Bicycle insurance company Laka receives investment from Porsche Ventures

Laka has secured additional funding from Porsche Ventures, the venture capital unit of Porsche AG. This brings its Series A, led by Autotech Ventures and followed by Ponooc, a Dutch sustainable mobility investor with close ties to Pon, and ABN AMRO, to $13.5 million. Laka said it will use the …

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Kid’s bike subscription service Bike Club gears up for expansion with £16.75 million investment

Kid’s bike subscription service Bike Club is gearing up for national and European expansion after closing £16.75 million in new investment. The Bike Club, which is chaired by Mike Balfour OBE, founder of Fitness First, has now received this cash injection as part of a Series B funding round. Leading …

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Temple Cycles launches £625,000 crowdfunding campaign to grow business and fund investment in new e-bike activities

Bristol-based bike company Temple Cycles has launched a £625,000 bond offer on the Triodos crowdfunding platform to grow its business and fund investment in its new e-bike activities. Temple Cycles designs and builds high-quality, sustainable bicycles from its Bristol workshop, offering a range of bikes for all kinds of cycling, …

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Sports tech start-up Muoverti passes £2.4 million in investment

London-based sports tech startup Muoverti recently passed another million-pound milestone in funding from investors, taking the total raised to more than £2.4 million. Following the public unveiling of its pre-production prototype at London’s Rouleur Live event last November, the company said it saw a significant increase in interest from the …

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Storskogen UK takes majority stake in Extra UK

Extra UK has secured an investment from Storskogen UK, which has acquired a majority shareholding in the business. Extra UK is a leading distributor of quality cycling products and represents a number of market-leading brands on an exclusive basis, supplying cycle retailers throughout the UK and Ireland. Its carefully curated …

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Pure Electric secures £10 million inventory finance facility as customer base grows

UK e-bike and e-scooter specialist Pure Electric has secured a £10 million inventory finance facility from Secure Trust Bank Commercial Finance. Founded in 2018 by entrepreneur Adam Norris, Pure Electric now employs 284 people and retails personal electric vehicles and accessories online and in 17 stores across the UK. It …

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Belgian e-bike firm Cowboy raises $80 million in latest funding round

E-bike designer Cowboy has announced an $80 million Series C financing milestone. The round is led by Exor, HCVC and Siam Capital, with investments from Tiger Global, Index Ventures, Eothen, Isomer Opportunities Fund, Future Positive Capital and Triple Point Capital. The new capital injection, bringing the total raised by Cowboy …

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Laka raises $12 million Series A round to expand across Europe

Laka has raised a $12 million Series A round. The round was led by US mobility investor Autotech Ventures with participation from sustainable mobility and energy fund Ponooc, a Dutch sustainable mobility investor with close ties to Pon, alongside ABN AMRO Ventures of European bank ABN AMRO. Existing investors including …

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Zero emissions delivery company Zedify raises £1.2 million to continue UK expansion

Zero emissions delivery company Zedify has raised £1.2 million to support its growth into cities across the UK, in a round led by Green Angel Syndicate. Zedify currently operates out of nine UK cities. It has also developed a powerful tech platform to cut through the ever-growing challenges in urban …

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Silverfish UK secures funding for growth from Connection Capital

Silverfish UK has announced that Connection Capital has come on board as an investor to accelerate the next phase in the distributor’s growth. The investment by Connection Capital, along with its expertise, will enable Silverfish to unlock further growth for its existing brand partners. It will facilitate investment in leading …

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