VanMoof Raises $128 Million To Become 'Most Funded e-Bike Company In the World'
Thursday September 2, 2021. 12:42 AM , from Slashdot
For comparison, RadPower, the largest e-bike maker in the US, raised $150 million earlier this year, adding to the $25 million it garnered the year prior. Investors are pouring money into electric bike makers in the hope of capitalizing on the global e-bike market which is expected to be worth almost $50 billion by 2028. In March 2021, e-bikes already represented 17 percent of all bicycle sales in Europe, and accounted for more than 50 percent of all new bike sales in countries like Germany and the Netherlands.
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