Ampler Bikes, an Estonian D2C brand that produces and sells light e-bikes, has secured a €7.4M equity funding round on Monday. This round led by Taavet Hinrikus and Sten Tamkivi from Taavet+Sten, joined by Metaplanet, Ambient Sound Investments, and Ragnar Sass, pushed the company’s valuation to €47M.
What Ampler plans to do with the funding?
Ampler aims to establish The Netherlands and Switzerland as the next core markets alongside Germany by opening new showrooms and service centres. A new showroom will open in Haarlemmerbuurt, a vibrant neighbourhood of Amsterdam. In addition to opening a new carbon-neutral factory with the capacity to assemble 100 000 bikes a year, Amper aims to become a role model for environmental sustainability within the cycling industry.