VanMoof raises $128 million to become the world’s leading e-bike brand

03 Sep, 2021

VanMoof raises $128 million to become the world’s leading e-bike brand
Photo by Benjamin Child on Unsplash

– Amsterdam-based startup VanMoof has raised a $128m Series C funding round.
– The company designs and sells electric bikes that are quite popular in some markets.
– It now wants to become the world’s leading e-bike brand by iterating at a faster pace.
– Asia-based private equity firm Hillhouse Investment is leading the round, with Gillian Tans, the former CEO of Booking.com, also participating.
– Some existing investors also put some more money on the table, such as Norwest Venture Partners, Felix Capital, Balderton Capital and TriplePoint Capital.
– Overall, if you add it all up, the startup has raised $182m in total.

Electric Vehicle Western Europe
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