Our client is a German bike start-up that is combining cargo bikes and city bikes providing the best characteristics from both: The flexibility and mobility from a normal bike and the capacity to transport goods from a cargo bike. The transformation from one mode to the other only takes a few seconds without any need of tools. This solution is a game changer for urban mobility. The bikes can be parked anywhere where normal bikes are parked, they can be taken in lifts, trains and trams and still offer the option of transporting cargo at any time. The product has recently been successfully introduced into the market and has a great potential. The funding will be used to increment production, the team and for the development of new models and accessories.
The ideal investor would preferably be a strategic investor from the bike industry that would like to amplify his product range or implement cargo bikes as a new category in the company. Ideally the investor can provide resources such as production, marketing, sales, after sales or development capacities.
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