The post-coronavirus world will be a lot different than what we were used to before the pandemic hit. Many things can’t go back to the way they used to be and how we commute will be one of them. Biking will, without a doubt, be one of the best ways to get around. Consequently, the Dutch e-bike innovator VanMoof has announced securing an investment worth €12.5 million.
The investments came from one of Europe’s leading venture capital firms Balderton Capital and assembly partner SINBON Electronics. These funds will support the Amsterdam-based company’s international expansion plans as it aims to scale up for keeping up with the increased e-bike demands.