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After lockdowns lead to an e-bike boom, VanMoof raises $40M Series B to expand globally

3 days ago   |   By Tech Crunch

E-bike startup VanMoof, has raised a $40 million investment from Norwest Venture Partners, Felix Capital and Balderton Capital. The Series B financing comes after a $13.5 million investment in May. The funding brings VanMoof's total raised to $73 million and furthers the e-bike brand's ultimate mission of getting the next billion on bikes.
The Series B funding will be used to meet the increased demand, shorten delivery times and build a suite of rider service solutions. It also aims to boost its share of the e-bike market in North America, Europe and Japan.
Partly driven by the switch of...
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Popular Dutch e-bike startup VanMoof has raised $40 million as growth explodes - here's an exclusive look at its pitch deck

Popular Dutch e-bike startup VanMoof has raised $40 million as growth explodes - here's an exclusive look at its pitch deck

4 days ago   |   By Business Insider

Summary List Placement
Dutch e-bike startup VanMoof has raised a $40 million funding round just months after closing its Series A to capitalize on growing demand for alternate transport options during the coronavirus pandemic.
As public transport becomes less appealing due to COVID-19, cycling has become a serious proposition even across major cities like San Francisco, New York, Paris, London, and Tokyo. The global e-bike market is set to reach $38 billion by 2025, according to a report by Markets and Markets, and COVID-19 has accelerated this trend, says VanMoof CEO Taco Carlier.
"This...
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VanMoof raises $40 million amid ebike boom

VanMoof raises $40 million amid ebike boom

4 days ago   |   By Venture Beat

VanMoof has secured $40 million in funding as the Dutch ebike firm looks to keep up with demand created by the global pandemic.
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