The round, led by Hillhouse Investment, is the largest ever Series C for a European e-bike brand and brings VanMoof's total raised to $182M in less than two years.
VanMoof was founded in 2009 by Taco and Ties Carlier, two Dutch brothers with a vision of the perfect city bike. Now their bikes are changing cities and leading the current wave of people choosing e-bikes. VanMoof's sleek, multi-award-winning rides offer a high-tech and feature-rich experience for a devoted worldwide community of 150,000 riders and counting.
The new round of funding is a significant show of confidence for VanMoof, with existing investors including Balderton also participating. Balderton led VanMoof's Series A in 2020.
VanMoof plans to use the funds to continue reinventing how components are made and bikes are assembled, which will make riding a high-quality e-bike even more affordable and readily available to the consumer.
We’re reinventing, redesigning, and re-engineering every component of the bicycle. It’s never been done before and will change how a bike is made, sold, and serviced forever. It will help us get 10 million people on our bikes in the next five years and Hillhouse believes in our vision of a smarter and cleaner mobility future.
