The demand for e-bikes continues to skyrocket as cities reevaluate their transport choices. With a growth rate twice as high as predicted before the Covid-19 pandemic, the latest projections expect the e-bike market to surpass $46B in the next six years.
Capitalising on the opportunity, Breda, Netherlands-based WATT Mobility, an urban e-bike brand, announced that it has raised €1.5M in a growth round of funding from Bloomit Ventures. The investor will support WATT with funding and hands-on support to grow their business smarter and faster in Europe.