Are you planning to make a sustainable switch? Well, we’ve been witnessing a significant push toward electric automobiles despite the domination of fossil-fuel vehicles on roads. A considerable number of startups are coming up with an environmentally friendly mode of transportation that lets you beat traffic congestion, reduce air pollution, and save energy too!
According to recent research from Deloitte, the e-bike market will boom with 130 million units predicted to be sold globally in the next three years.
Intuitive e-bikes for urban riders!
Cowboy is a Belgian designer that is developing innovative electric bikes for urban riders. The company’s primary goal is to improve urban mobility and take commuters to their destination in a more enjoyable, sustainable, and efficient manner.
In the latest development, Cowboy recently opened up its crowdfunding campaign to the public following its successful 48-hour private raise. Notably, the company’s 47,500 community of registered users and private investors were invited to invest last week. In just 12 minutes, they’ve raised a total of £2.7million (approx €3.2 million), surpassing the target of £1.2 million (approx €1.4 million).
To date, the company has raised €13.2 million from international investors (including Index Ventures, Tiger Global, and Hardware Club) in its Series A round in autumn 2018 and quickly sold out its entire stock of bikes in Belgium last year. Founded in 2017 by start-up entrepreneurs Adrien Roose, Karim Slaoui and Tanguy Goretti, Cowboy is headquartered in Brussels, Belgium.
Adrien Roose, the Cowboy CEO, said:
2020 will see huge growth for the e-bike market as many commuters and urban residents realise that they no longer want to sit in traffic for hours, get stuck on public transport or add to carbon emissions. Cowboy offers an ideal solution for easy urban mobility, an intuitive ride, the latest in technology, sleek design, and practical elements such as a removable battery and anti-theft features.
Furthermore, the company also enables the public to have an opportunity to invest in Cowboy as well. The public can invest via Crowdcube for as little as £17 (approx €20) up until 10 January and help Cowboy’s goal to triple its sales across Europe in 2020. Potential investors can find out more here.
Transforming urban mobility!
With this funding, the Belgian company will accelerate its growth as it sets its sights on transforming urban mobility across the globe through the use of its connected, intuitive e-bikes. It’s worth mentioning that, Index Ventures, the private investor of Cowboy previously has invested in this latest round as it continues to support the startup over the next 12 months. This year, the company expanded into Germany, France, Netherlands, and Austria, the UK, Spain, and Italy.
The company has so far sold 5,000 bikes in 2019 alone, 5 x year on year growth, 3,482,713 km ridden, and 435,375 kgs saved in carbon emissions.
Partnership with Crowdcube!
Cowboy is working with the world’s first and largest equity crowdfunding platform, Crowdcube, which boasts a remarkable track record for successful crowdfunding for some of the brightest businesses such as Monzo, Nutmeg, Freetrade, Revolut, GoHenry, Chip, Coconut and MoneyDashboard.
Luke Lang, co-founder and CMO, Crowdcube said:
Cowboy’s roaring success with its private raise shows its community is already fired up to back its vision of eco-travel and stunning design. Crowdcube looks forward to enabling supporters around Europe and globally over the next 30 days to champion Cowboy’s mission to scale.
Main image credits: Cowboy
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