Bike Companies That Offer Financing – Dutch e-bike manufacturer VanMoof has received another 128 million US dollars from investors – the equivalent of approximately 108.5 million euros. According to the company, this is “the largest Series C investment ever made in a European e-bike brand”.
Together with two previous rounds of funding last year, VanMoof now has a funding pot of up to 182 million dollars (about 154 million euros). The current funding round was led by Hillhouse Investment, an Asia-based private equity firm. Another new investor is Gillian Tans, former CEO of Booking.com. Also present were Investors Newest Venture Partners, Felix Capital, Balderton Capital and TriplePoint Capital.
Bike Companies That Offer Financing
The Dutch company plans to use the new funds to increase production capacity, continue the development of new technologies and improve bike specifications and reliability. “We reinvent, design and remake every part of the bike. This has never been done before and will change the way a bicycle is manufactured, sold and serviced forever,” allows Taco Carlier, founder of VanMoof to announce. This will be instrumental in getting 10 million people on our bikes in the next five years.”
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VanMoof was founded in 2009 by brothers Taco and Ties Carlier, and the company currently offers two types of e-bikes, the S3 and X3. Both include, among other things, automatic electronic switching, integrated anti-piracy technology and the “Apple Find My Network” location function. Prices start at 2,198 euros.
The high-end bikes at the start of Amsterdam were already selling well, but the Corona-related lockdown has caused an increase in orders. Sales figures are said to more than triple by 2020. This spring, the company put its “global passenger community” at “150,000 passengers – and growing.” At the time, VanMoof had factories in Amsterdam, Berlin, London, New York, Paris, San Francisco, Seattle and Tokyo. Currently, retail outlets have been established in 50 cities, the company said. VanMoof has identified the USA as its biggest growth market.
In April, VanMoof announced several new products. This year, for example, the Dutch e-bike manufacturer introduced a removable power bank that should give riders up to 100 kilometers of range on VanMoof bikes and can easily be charged indoors. In addition, the bikes now have a more visible matrix display, redesigned mudguards and pedals, and better internal wiring. In addition, VanMoof bike boxes are now more compact and contain less than 70% plastic.
“Since the introduction of the S3 & X3 we have been listening closely. Passenger feedback is important to our new technology,” said Taco Carlier. “Our ability to install it quickly is what sets VanMoof apart.” The Carlier brothers say the pace is consistent with their streamlined supply chain, which includes everything from design to component engineering to distribution. This, they say, allows them to constantly update their product.
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Given the expansion plans, the capital needs of the Dutch company are currently high: even before the current financial cycle, VanMoof raised 34 million euros from investors in September 2020 and 12.5 million euros in May 2020. Fast cycling is worth it. it: You improve your health, leave traffic behind you up to 45 km/h and come to rest. Get started right away with Stromer bike rental options and employee financing. On this page you will find our leasing partners.
If you are a private individual interested in a leasing or financing model, please contact our sales representatives personally. Interestingly, individual financing models or e-bike subscriptions are offered in many countries.
In Switzerland as well as in Germany, Belgium and the Netherlands, you as an employee benefit from attractive rental rates from partners with travel insurance and comprehensive insurance – all in three easy steps.
Check with your HR department or fleet manager to see to what extent your company offers leasing with the partners listed below.
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Customize your dream bike in collaboration with your employer. Ask your Stromer dealer directly to set it up for you or pick it up to pass on to your HR department or fleet manager.
Are you self-employed, would you like to rent a Stromer e-bike privately or are you looking for a way to finance your e-bike? Many of our vendors offer their own financing or subscription solutions. Prepare your bike and request an individual quote from your Stromer dealer.
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