In a recent development, e-bike sharing startups from Amsterdam including Cargoroo and Urbee, along with the Municipality have received a substantial share of around a million subsidy from Brussels. Reportedly, in total Europe will donate a subsidy of €8.8 million for the international project.
The lifecycle of project spans over three years, and it will take place in seven cities, across five countries in collaboration with various institutes, as per the latest report on fd.nl.