2 years ago
GIN E-Bikes Raises €580k to Boost Production and Expand into New Markets
GIN E-Bikes, a London-based manufacturer of hybrid e-bikes, has secured €580k in funding from Ukrainian venture capital syndicate Toloka.vc
The investment will be used to increase production and sales volume, expand into the Polish and Ukrainian markets, and launch a cargo bike model for delivery drivers
Toloka.vc will join GIN E-Bikes' board of directors, bringing valuable insights and strategic direction to the startup.
ProblemTechnology
"make long-distance journeys more convenient and sustainable"
Solution
"develop and manufacture innovative hybrid e-bikes"