Balderton invests in the e-bike innovator alongside VanMoof's assembly partner, SINBON Electronics.
VanMoof was founded in 2009 by Taco and Ties Carlier, two Dutch brothers with a vision of the perfect city bike. Ten years later, their high-tech feature-rich e-bikes are ridden worldwide by a community of hundreds of thousands of riders.
With social distancing the new reality, bikes are increasingly seen as a dependable mobility option compared to public transport. In turn, many governments across the globe are responding with new cycle initiatives, supporting VanMoof’s belief in the potential of e-bikes to revolutionise city travel.
This new investment, which comes after the launch success of the highly anticipated new electric VanMoof S3 & X3 bikes, will support the brand’s international expansion as it scales up to meet increased demand.
It’s a unique time to build such a meaningful partnership. Not only do we appreciate this vote of confidence from an investor with deep sector experience, it’s a great sign that investments are becoming greener, shifting away from fossil fuels and towards e-mobility.
