NEWS HUB
Fundracer creates dedicated investment fund to propel the future of micromobility
FUNDRACER BV has announced the launch of its first micromobility fund with a mission to provide capital and hands-on support to companies poised to become leaders in the fast- growing micromobility industry. A recent McKinsey study found that the
micromobility market is expected to grow three- fold in the next 10 years to $520 billion by 2035. Founded by bike entrepreneurs René Wiertz, Gérard Vroomen, and Andy Ording, Fundracer is positioned to support companies in this market to maximise their chances of success. Fundracer aims to help shape future transportation trends and
Skarper raises £4.5 million in latest funding round
BRITISH start-up Skarper has attracted £4.5 million in new investment, bringing total funding to £12.8 million for its patented device that can turn a regular bike into an e-bike.
The latest round has been led by investment portfolio firm Adjuvo, generating the new raise from its member network and angel investors. They are joined by existing Skarper investors who followed on with further funding, including Resilion Chairman Yaron Kottler, global consumer product manufacturer Starry Group and mobility technology investor Mobilitech Capital. This latest investment will support the company’s go-to-
market plan as it prepares to deliver first products in Q4 this year. Initially this will be in the UK with plans to expand Europe-wide in 2025.
generate healthy returns for its investors. The fund has already made significant investments in three innovators, Newton Rider, Bo and Specter, and is centred on delivering value to its companies, helping them navigate challenges, scale operations, and achieve global market leadership. Vroomen, serial entrepreneur and founder of Cervélo, said: “We are extremely
selective in our targets and only invest in companies and markets where we can really make a difference with our expertise. We want to bring the smart money and maximise the success rate of the companies we invest in.”
Apex DST becomes exclusive UK distributor for Pedro’s Tools
APEX DST has announced that it is now the exclusive distributor for Pedro’s Tools in the UK, bringing faster, easier access to the bicycle tool brand. Pedro’s Tools offers a
range of products from tyre levers to top-of-the-line workshop tools. “We’re really excited to be Pedro’s exclusive UK distributor,” said Mat Clark, director at Apex DST. “Pedro’s Tools are a longstanding established brand that have long been a favourite of mechanics and riders alike, and we’re stoked to help bring their awesome products to even more customers here in the UK.” With the announcement of this partnership, retailers can expect quicker access to products with no more long waits or duty charges, support from the Apex DST team, and UK- based shipping resulting in faster deliveries.
Tenways open UK business and look to expand dealer network
TENWAYS Technovation EU, based in Amsterdam, has announced the launch of its UK business, Tenways Sport UK. In doing so, Tenways plans to work closer with, and grow, its UK retailer and service centre network. With a warehouse and logistics partner in
12 | October 2024
the UK, Tenways can now offer local supply of its award-winning e-bikes, parts and servicing assistance. As part of the launch, Tenways have appointed Greg Vanner as country manager for the UK and Ireland and David Anning as UK account executive.
www.bikebiz.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68
