After lockdowns lead to an e-bike boom, VanMoof raises $40M Series B to expand globally

E-bike startup VanMoof has raised a $ 40 million investment from Norwest Venture Partners, Felix Capital and Balderton Capital. The Series B financing comes after a $ 13.5 million investment in May. The funding brings VanMoof’s total raised to $ 73 million and furthers the e-bike brand’s ultimate mission of getting the next billion on bikes.

The Series B funding will be used to meet the increased demand, shorten delivery times and build a suite of rider service solutions. It also aims to boost its share of the e-bike market in North America, Europe and Japan.

Partly driven by the switch of commuters away from public transport because of the COVID-19 pandemic, the e-bike craze is taking off.

Governments are now investing in cycling infrastructure and the e-bike market is set to surpass $ 46 billion in the next six years, according to reports.

Ties Carlier, co-founder of VanMoof, commented: “E-bike adoption was an inevitable global shift that was already taking place for many years now but COVID-19 put an absolute turbo on it to the point that we’re approaching a critical mass to transform cities for the better.”

VanMoof says it realized a 220% global revenue growth during the worldwide lockdown and sold more bikes in the first four months of 2020 than the previous two years combined.

Stew Campbell, principal at Norwest said: “Taco, Ties and the VanMoof team have not only built an unparalleled brand and best-selling product, but they’re reshaping city mobility all over the world.”

Colin Hanna, principal at Balderton: “As the COVID-19 crisis hit supply chains worldwide, VanMoof’s unique control over design and production was a key advantage that allowed the company to react nimbly and effectively. Moreover, VanMoof’s direct to consumer approach allows the company to build a close relationship to their riders, one that will be strengthened by new products and services in the years to come.”

VanMoof launched the new VanMoof S3 and X3 in April of this year. I reviewed the S3 here and checked out the earlier X2 version here.

Startups – TechCrunch

Dutch e-bike firm VanMoof secures €33.7M in Series B funding as sales accelerate

Social distancing is the need of the hour and commute post coronavirus can’t be what we were used to. Biking, as an option to commute over short distances, is picking up again with a modern twist. A new report suggests that the global E-bike market size is set to reach a staggering $ 46.04B (€38.9B) by 2026, which suggests that E-bikes could soon be the preferred option for commuters. The same seems to be believed by investors as Amsterdam-based e-bike manufacturer VanMoof has secured €33.7M in Series B funding. 

VanMoof raises €33.7M just months after €12.5M investment

In the middle of lockdown in Europe, in May, VanMoof raised €12.5M investment. Now, the company has secured another €33.7M from Norwest Venture Partners, Felix Capital and Balderton Capital. Like before, the company says it will utilise the funds to fuel further global expansion and bolster its manufacturing process. The latest funding round brings the total amount raised by VanMoof to a notable €61.8M. 

Cities around the world have realised the importance of cycling as an option to commute after COVID and are investing in its infrastructure too. “E-bike adoption was an inevitable global shift that was already taking place for many years now but COVID-19 put an absolute turbo on it to the point that we’re approaching a critical mass to transform cities for the better,” says Ties Carlier, co-founder VanMoof.

VanMoof says it realised a 220% global revenue growth during worldwide lockdown and sold more bikes in the first four months of 2020 than the previous two years combined.

Fulfilling increased demands and building rider service solutions

VanMoof will use the amount from its latest funding round to meet the increased demand for its e-bikes and shortening delivery time. The company will drive its expansion plans further into key growth markets such as the US and Germany, where new brand stores and pop-up shops will be opened. 

Additionally, the company will invest a portion of this amount in creating a suite of rider service solutions, which will be aimed at delivering “best-in-class” support. “Our next frontier is to transform our business by building a full support ecosystem around every rider,” says Carlier. The company’s ecosystem includes a global mobile service network, upgraded app support, updated software with remote diagnostic solutions, and more proactive customer support. 

Image credits: VanMoof

This article is produced in collaboration with StartupAmsterdam. Read more about our partnering opportunities.

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Startups – Silicon Canals

Vekkit can transform any bike into an e-bike; launches e-bike kit with 2-speed motor

Velotton is a travel workshop making roll top backpacks, bags, travel apps and guides. The brand also develops e-bike kits, via their brand Vekkit. This idea of the e-bike kit was perceived by the founders of Velotton, Marina Ivanova and Pavel Guganov who are passionate about cycling and constantly travel on bicycles with a child in the bike-trailer.

The new Vekkit Travel e-bike kit

Founded in 2014, Velotton has come up with a new Vekkit Travel e-bike kit with a 2-speed motor. In the first speed mode, it delivers a maximum speed of 15km/h and more power. On the other hand, the second speed mode delivers higher speed and consumes less power.

Basically, when you have to ride up a steep hill, you need to opt for the first speed mode for the maximum power. If you are travelling on a flat road, then you should switch to the second speed mode as you ride faster. The speed mode switching is seamless as it can be done using the handlebar remote or the Vekkit companion app. To make it more convenient, there’s an auto-switch option that switches the mode automatically to the second one upon reaching 15km/h speed.

With the two speed modes, you can save battery and also distribute power efficiently. The new 2-speed motor is touted to have a higher power rate as compared to the standard one-speed motors. These new e-bike kits with a 2-speed motor will be available in versions with the front and rear motor. It will be available in varying wheel sizes ranging from 20” to 29”. Also, the battery bags will be available in two monitoring types – seat post or handlebar and four colours.

Picture credits: Vekkit

Key features of 2-speed motor kits

These e-bike kits with 2-speed motor with have a slew of key features including 36V 250W front or rear wheel with two gears depending on the variant, manual or automatic gear switching, sear post or handlebar battery bag mounts, an in-built temperature sensor for more efficiency, and security locks on the handlebar and battery bag.

Talking about battery life, it will get the power from Li-ion removable battery option ranging from a very light 252 Wh battery weighing around 1.2kg or an extended 360 Wh battery weighing around 1.7kg. These batteries can last up to 50km and 90km respectively. There are 4A chargers for faster recharging as well.

Other notable features of the Vekkit Travel e-bike kit with 2-speed motor include a wireless cadence sensor, motor controller with FOC, sensorless and sensored modes for improved performance, handlebar remote, companion app compatible with both Android and iOS and OTA software updates.

How to order a Vekkit e-bike kit?

You can order a Vekkit e-bike kit, you just have to follow three simple steps and transform your bike into an e-bike. Firstly, you need to choose the bike you want to convert into an e-bike from here. On choosing the bike, you should configure the e-bike kit and order it. You can purchase a ready-to-use kit with a well-built wheel, a tire and a tube or a kit with just the motor. Upon receiving the kit, your bike will become an e-bike. You just have to change the front wheel, attach the wireless sensor, and hang the handlebar bag.

Main image picture credits: Velotton

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Startups – Silicon Canals

British startup HumanForest, a ‘free’ shared e-bike, raises €2 million and appoints Cabify Founder to its Board

The British startup HumanForest, a shared e-bike offering the first 20 minutes for free, has raised around €2 million from leaders of the mobility sector, including founders of the first profitable ride sharing App, Cabify. Set up by former-Cabify lead, Agustin Guilisasti and backed by both Cabify Founders, Juan de Antonio and Vicente Pascual, HumanForest…

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EU-Startups

Tech startups weekly: Twitter Fleets, Amazon stake in Deliveroo, e-bike startup from SoundCloud founders

As a part of a weekly roundup, we have listed some of the most important stories which grabbed attention in Europe technology news ecosystem this week.

Stock photo from sdx15/Shutterstock

Twitter Fleets, Stories-like feature expands to the Netherlands

Some Twitter users in the Netherlands have reported that they have received a feature that will let them post content that will vanish automatically after 24 hours. Called Twitter Fleets, this feature is similar to Instagram Stories, which is also available for Facebook and WhatsApp users. Notably, Fleets are public but won’t appear in Moments and Search. It can be accessed only via the user profile and tapping on the avatar. There will be a carousel of Fleets from all those you follow at the top of the Twitter app.

Back in March this year, the micro-blogging site revealed that it will try the idea of bringing the ephemeral content after minor tests in Brazil. Later, the same feature was experimented with users in India before entering new markets. As of now, Twitter Fleets is available only for select users in the Netherlands and a wider rollout of the same is yet to be revealed.

Picture credits: Takeaway

Just Eat Takeaway partners with Starbucks, Burger King, Pizza Hut & KFC

Just Eat Takeaway, which is the parent company of Thuisbezorgd.nl signed a partnership agreement with AmRest, which is behind franchise restaurant chains such as Pizza Hut, Starbucks, and Burger King. This agreement is the first pan-European agreement made by Just Eat Takeaway and will let it leverage its strong presence across Europe. This partnership underlines the significance of a long-term commitment between both companies and has a duration of three years.

Talking about AmRest, it is a leading European multi-brand franchise restaurant operator that comprises all leading brands across 26 countries. It operates over 2,300 restaurants under brands such as Starbucks, Burger King, Pizza Hut, KFC, and proprietary brands such as Sushi Shop, La Tagliatella, Bacoa, Blue Frog, and KABB.

Picture credits: Bringly

Bringly expands to Eindhoven, Tilburg, Helmond, Maastricht and Venlo

The sustainable Amsterdam-based same-day delivery platform Bringly has expanded its service to several Dutch cities including Eindhoven, Tilburg, Maastricht, Helmong, and Venlo. The company ensures its last-mile delivery service via bicycles for both local and large retailers. Notably, this service is already active in Amsterdam, Rotterdam, The Hague, Utrecht, and Amersfoort. The retailers can connect via either the Bringly Dashboard or API.

Founded in 2019 by Rajiv Laigsingh, Bringly is a ship-from-store solution, which uses partners with sustainable delivery companies. The software used by this startup lets retailers with physical stores provide same-day delivery to their customers. Earlier this year, this startup secured a pre-seed round to expand its sustainable delivery service to different cities and countries and to improve its software and integrations for retailers.

Picture credits: Apex Ventures

VC firm raises second fund to back digital health startups

In a recent development, APEX Ventures announced the launch of its second fund, which focuses on digital health startups. This investment will back seed stage deep tech startups. The VC invests in exceptional talented teams that intend to improve patient outcomes and their lives. The second fund of €50 raised by APEX Ventures will be headed by Gordon Euller, a radiologist who worked previously at AKH, Vienna’s General Hospital and at McKinsey in London.

Established in 2017, APEX Ventures’ investments have been made in the DACH region via its Autrian base. The focus area expands from DACH-based companies to those based in other parts of Europe, US and Israel. Also, the VC firm will issue a call with Herman Hauser Investment Group for the best startups in Europe in the area of AI-powered healthcare data marketplaces.

Picture credits: Deliveroo

Amazon gets green signal to invest in UK’s largest food delivery service

Amazon has been waiting for a long time to become a major investor in the UK’s largest food delivery service Deliveroo. Now, the deal is over and the UK competition regulator has confirmed that Amazon gets a 16% stake of the local on-demand food delivery app Deliveroo. The Competition and Markets Authority (CMA) has been investigating the plan since early last year since Amazon invested $ 575 million (nearly €486 million) in Deliveroo’s Series G funding round.

As per CMA, the food delivery market has rebounded since April this year and rapidly improved Deliveroo’s finances. The regulator couldn’t approve Amazon’s funding as Deliveroo could not sans it. With this stake that Amazon owns, it could affect its incentives to compete with Deliveroo in both online convenience grocery delivery and restaurant delivery in the coming years.

Picture credits: Dance

Soundcloud founders launch e-bike subscription service

The founders of SoundCloud, which is a music streaming service – Eric Quidenus-Wahlforss and Alexander Ljung have launched a new electric bike subscription service called Dance along with Christian Springub. Notably, this startup is the latest market entrant that wants to capitalise on the e-bike market that has garnered popularity during the pandemic crisis as people are looking for effective alternatives to public transport.

Rather than selling e-bikes, Dance wants to create a global community of subscribers. As e-bikes are quite expensive, the founders of this startup people that a monthly subscription fee via an app could attract more users. Dance customers can get an urban e-bike for €59 a month and it can reach up to 15mph. Also, the company provides free repairs and replace the lost or stolen bikes immediately for free.

Picture credits Amazon

Amazon Prime Air drone delivery team expanded

Amazon’s Prime Air drone delivery team based in Cambridge, UK has ramped up the expansion of its project and has nearly doubled the number of staff in this team. Now, Prime Air has close to 60 staff with the intention to make Amazon deliveries via a drone a reality. This ambitious project debuted in 2016 with the intention to use drones that can travel up to 15 miles and deliver packages under five pounds in less than 30 minutes.

The recent hires to the Amazon Prime Air team include several flight operators who will hold the responsibility of flying the drones. The company revealed its plans to hire over 2,000 people across the UK last year and this covers 170 significant roles at its tech hubs in London, Edinburgh, and Cambridge.

Picture credits: Infermedica

Polish healthcare startup secures funding for international expansion

Infermedica, a Polish digital health platform provides healthcare specialists with the necessary tools required to pre-diagnose and connect with a patient remotely. This startup has developed a free COVID-19 Risk Assessment Tool right at the time when the coronavirus pandemic is spreading quickly across the world. This tool developed by Infermedica is free to use and is updated continuously as per the latest WHO and CDC reports and findings. Currently, this tool is available in more than 20 languages and a slew of healthcare and insurance organisations from over 15 countries to stop the spread of COVID-19.

In a recent development, Infermedica that was founded by Piotr Orzechowski in 2012 has secured nearly €8.4 million Series A funding led by the European Bank for Reconstruction and Development (EBRD) and Heal Capital. The company will use this investment for platform R&D to improve patient triage, symptom checking features, and clinical decision support analysis. Also, Infermedica will focus on expanding globally in Germany and the US.

Main image picture credits: Dance

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Startups – Silicon Canals

Swapfiets: The Dutch ‘Netflix Of Bikes’ introduces new Power 7 e-bike, plans to expand to Milan, Paris and London

As the countries across the globe learn to live with lockdown, there’s an unexpected surge in biking. Be it a daily dose of exercise or as a means to get around the city, biking is emerging as a resilient way. 

Right now, there are numerous startups offering bikes on rent. One of the subscription bike services that has revolutionised the bicycle industry is Swapfiets

Netflix of bikes

This Dutch startup was founded in 2014 by three young entrepreneurs – Richard Burger, Martijn Obers, and Dirk de Bruijn while studying at Delft University. From renting out a handful of bikes in the garage to the biggest cycle owner, Swapfiets brilliant rise has impressed everyone in equal measures. 

Image credits: Swapfiets

Swapfiets Power 7 e-bike with latest tech and design

Recently, Swapfiets introduced a new version of its Swapfiets Power 7 e-bike with the latest technologies and an adapted design. According to the company, e-bikes have become a popular alternative to the car and other public transports. 

As a result, Swapfiets has seen a sharp increase in the number of pre-orders for the new e-bike in recent months. The Dutch scaleup has therefore increased production and has also considerably increased the number of cities where the e-bike will be available.

Available in 26 cities in Europe

Swapfiets now offers the Power 7 e-bike in 26 cities in Europe. In the Netherlands, the electric Swapfiets is now available in Amsterdam, Rotterdam, The Hague, Utrecht, Arnhem, Den Bosch, Groningen, Nijmegen and Maastricht.

Ideal for long-distance

With a maximum speed of 25 km/h and a range of 145 km, the new Swapfiets Power 7 is ideal for long-distance traveling and people who live outside the city. It also has a removable and easy to charge battery setup as well. 

With an aluminum frame and anti-puncture tires, Swapfiets offers the e-bikes in subscription form at €75/month. Later this year, the company is also planning to expand its service to Milan, Paris, and London. 

Marc van Pappelendam, general manager of Swapfiets: “With the introduction of the improved Power 7 and the accompanying subscription, we are meeting the daily mobility needs of residents in the main cities in the Netherlands, Germany, Belgium, and Denmark and later this year in London, Paris, and Milan. ”

Have you used Swapfiets before? 

Let us know your experience in the comments section below.

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Startups – Silicon Canals

Former SoundCloud founders launch e-bike subscription service, backed by BlueYard

You’ve heard of e-bike and e-scooter rental startups spreading across cities. But today three veterans of the startup world will launch what appears to be a brand new take on the “e-revolution” sweeping cities in the wake of the global pandemic: subscription e-bikes, or, if you will, “EaaS” or “E-bikes-as-a-Service.” The previous founders of SoundCloud and Jimdo will today launch Dance, a new subscription e-bike service, backed by a stellar lineup of European investors.

The invite-only program kicks-off first in Berlin, with an all-inclusive service package of a €59-a-month “introductory price” and its own design of e-bike. The founders’ goal is to emphasize the community aspects of the rental service, just as they did with SoundCloud.

Dance is co-founded by SoundCloud founders Eric Quidenus-Wahlforss and Alexander Ljung, together with the co-founder of Jimdo, Christian Springub. While Quidenus-Wahlforss and Ljung are best known for co-founding SoundCloud more than 10 years ago as CTO and CEO, respectively, Quidenus-Wahlforss is taking the CEO role this time, while Ljung will be chairman. Ljung remains chairman of SoundCloud in the meantime.

The main institutional backer is Berlin-based VC BlueYard Capital, together with entrepreneurs and investors such as Ilkka Paananen (founder & CEO Supercell), Jeannette zu Fürstenberg (La Famiglia), Kevin P. Ryan (founder & CEO, AlleyCorp), Neil Parikh (founder & CSO Casper), Bjarke Ingels (founder & CEO BIG Architects) and several others.

Here’s how it will work: Users will download an app and register for the service. A fully assembled e-bike is delivered to a subscriber within 24 hours. If the bike needs maintenance or gets stolen, the user alerts Dance via the app and the bike is replaced “immediately.” That’s more or less it. Here’s the current design of the bike:

Image Credits: Dance

However, a specially designed Dance e-bike will look closer to this rendering at launch:

Image Credits: Dance

Quidenus-Wahlforss, co-founder and CEO of Dance said: “Dance means having a state-of-the-art e-bike always and only available to you, but without the hassle of buying and owning it… Dance is the perfect solution for those who are looking for a healthy, environmentally friendly, time-saving and joyful form of mobility.”

“We are convinced that Dance provides the missing piece of the puzzle at the right time to accelerate a broad and lasting movement from individual car ownership to daily use of e-bikes,” he added.

The startup notes that 45% of Germans are interested in owning an e-bike, while the European market is projected to double by 2025, according to some estimates.

This could be a disruptive moment in the e-bike space. E-bikes are generally considered the fastest and most efficient means of individual urban transport on routes up to 10 kilometres, but the pandemic has put new emphasis on their utility.

But with an average purchasing price of €2,300, e-bikes can be expensive and have a higher probability of being stolen, leaving many consumers out of the market.

At the same time, more than 930 kilometres of new cycling infrastructure have been implemented in Europe since March due to the COVID-19 pandemic, which has shifted populations away from “risky” public transport.

Ljung commented: “You save time and you save the environment. You exercise, but you don’t sweat. And besides that, riding an e-bike is simply joyful. Music was one of the first industries to experience the shift from ownership to subscription. At SoundCloud we helped usher in this transformation… Now we want to transfer this experience to the mobility space and start a movement that will ultimately make our cities more livable.”

Springub added: “We have carefully analyzed the mobility market in the past years and we are deeply concerned that despite the new options out there and the clear necessities set by climate protection, car ownership continues to be high, along with all its negative implications such as congestion and pollution.”

Startups – TechCrunch

Cowboy releases updated e-bike with new carbon belt

Electric-bike maker Cowboy has released a new iteration of its bike, the Cowboy 3. It’s a relatively small update that should make the experience better for newcomers. The first orders will be delivered at the end of July and the Cowboy 3 is now slightly more expensive at €2,290 or £1,990 ($ 2,500).

The bike still looks a lot like the Cowboy 2 that I reviewed last year. It has a triangle-shaped aluminum frame with integrated pill-shaped lights. The handlebar is still perfectly straight like on a mountain bike.

Compared to the previous generation, the company has replaced the rubber and fiberglass belt with a carbon belt. It should be good to go for 30,000km.

Like on the previous bike, there are no gears or buttons to control motor assistance. As soon as you start pedaling, motor assistance kicks in automatically.

But the gear ratio has been tweaked on this version. It’s now a bit lower, which means it’ll be easier to start pedaling at a traffic light. It’s going to have an impact on your top speed though as electric-bikes assist you up to a certain speed and you have to rely on your good old feet above that legal limit.

The wheels and tires have been slightly tweaked as well. Instead of off-the-shelf Panaracer tires, Cowboy is now using custom-made tires with a puncture protection layer. Rims are larger as well.

The saddle, hydraulic brakes and brake pads remain unchanged. The Cowboy 3 still features a detachable battery, something that is still missing from VanMoof’s e-bikes and the newly announced Gogoro Eeyo e-bikes.

Overall, the bike weighs 16.9kg. It now comes in three colors — black and two shades of grey.

New and existing Cowboy customers will be able to download a new version of the app with a handful of new features. You’ll be able to turn on auto-unlock to… automatically unlock your bike when you approach without having to open the app on your phone.

With theft detection, users will receive a notification as soon as your bike is moving. There will be a new crash detection feature that notifies an emergency contact and an air quality indicator in the app.

Startups – TechCrunch

Gogoro unveils Eeyo, its new ebike brand

Gogoro, the mobility company best known for its SmartScooters, revealed details about its new ebike brand Eeyo today. Eeyo will launch with two lightweight models, both powered by the SmartWheel, a self-contained hub designed by the company that integrates motors, batteries, sensors and smart connectivity technology.

Eeyo is the first product that Gogoro will introduce in the United States, nine years after it was founded by HTC executives. The ebikes will go on sale there and in Taiwan, where Gogoro is based, in July, and in Europe shortly afterward.

With more than 300,000 customers, Gogoro’s SmartScooters and their charging stations are a common sight in Taiwanese cities. Technology developed by the company, including its lightweight rechargeable batteries, are also used in scooters made by Yamaha, Suzuki, Aeon and PGO. It plans to make Eeyo’s tech available to manufacturing partners as well.

Gogoro co-founder and CEO Horace Luke told TechCrunch that even though scooters are widely used in many cities in Asia and Europe, they are less common in the U.S., so the company decided to make Eeyo its first American launch instead of the SmartScooter.

The team began planning Eeyo’s launch a year ago and even though they could not have anticipated it would happen during COVID-19, Luke said the pandemic has created new demand for ebikes, a market that was already growing quickly.

“At the moment, use of public transportation is down and people are very cautious about it. This is forcing people to find alternative ways to get around,” said Luke. “A lot of cities are very hilly, commutes are long and with streets closed, cars are not as efficient as they used to be. So there is a huge demand and the ebike market is blowing up.”

The company began working on Eeyo about three years ago, with the idea of creating a “human-electric hybrid.”

“That sounds like a fancy way of saying ‘e-bike’ until you ride what we made,” Luke said. “It took a lot of time for us to create this project. Instead of focusing on utility and the power assistance to get somewhere, we wanted to create a different paradigm. Thinking ‘I need to take my ebike to the grocery store’ isn’t usually exciting, but we wanted to focus on agility and excitement.”

Eeyo’s first ebike models, the 1 and 1s, were designed with a specific user in mind: city dwellers who want agile, fast bikes that are able to handle tricky terrain like hills. “I kept telling our team, I want the bike to give me the same feeling I had when I was 18 and able to get somewhere without breaking into a sweat. I wanted to bring that excitement and joy back into riding a two-wheeler to our customers.”

The Eeyo 1s and 1 weigh 26.4 pounds and 27.5 pounds, respectively, much lighter than many ebikes, which typically weigh 45 to 50 pounds. Its carbon fiber frame was designed so riders can carry the bikes on their shoulder. They are charged either by snapping chargers around their hubs, or placing them on an optional stand charger.

Most of the technology used in Gogoro’s SmartScooters, including its batteries and charging stations, were designed by the company’s engineers. SmartWheel, the key technology behind Eeyo, was also developed in-house.

“What drives the mechanism for performance is our innovation, the SmartWheel,” said Luke. “It is a hub-based motor, it has a battery and sensors in it, a computer system and a motor system.” That includes Gogoro’s Intelligent Power Assist system, which uses a torque sensor to detect how hard a rider is pedaling and calculate the amount of assistance the bike needs to give.

The SmartWheel also connects to the Eeyo app, which enables riders to monitor their speed and pedaling power when their smartphones are mounted to the bike. It also downloads over-the-air firmware and software updates for the bike, similar to the Gogoro SmartScooter’s automatic updates.

Both Eeyo models use the SmartWheel, have full carbon fiber frames and forks, and two riding modes: “sport mode,” which responds to the rider’s pedaling and delivers about 40 miles of range, or the distance the bike can be used to travel on one charge, and “Eco Mode,” which conserves battery power by limiting power assistance and can extend the ebike’s range to 55 miles.

The Eeyo 1s is available in one color, “warm white,” and its seat post, handlebars and rims are also made out of full carbon fiber. It weighs 26.4 pounds and will be priced at $ 4,599. The Eeyo 1 comes in two colors, “cloud blue” and “lobster orange,” and uses alloy seat posts, handlebars and rims instead. It weighs 27.5 pounds and will cost $ 3,899.

Gogoro sees itself as a mobility platform business that not only manufactures vehicles, but also develops technology for electric vehicles and vehicle sharing. Luke said the company wants to offer its ebike technology, including the SmartWheel, for use by other manufacturers because Gogoro “has never taken a one-size-fits-all approach, even with our scooter business. That is one reason we work with Yamaha, Suzuki, PGO, Aeon.”

Working with partners also furthers the company’s goal of getting more electric vehicles on the street and reducing pollution.

“We only have X amount of years to make changes and if we get more people alongside us, we can make a giant impact,” Luke added. “Other people will build different form factors, ones that are more leisure-like, more focused on utility, while we focus on sportiness, agility and fun.”

Startups – TechCrunch

E-bike startup Angell partners with SEB for manufacturing and investment

French startup Angell has signed a wide-ranging partnership with SEB, the French industrial company behind All-Clad, Krups, Moulinex, Rowenta, Tefal and others. As part of the deal, SEB will manufacture Angell’s electric bikes in a factory in Is-sur-Tille near Dijon, France.

SEB’s investment arm, SEB Alliance, is also investing in Angell . The terms of the deal are undisclosed, but Angell says it plans to raise between $ 7.6 and $ 21.7 million (between €7 and €20 million) with a group of investors that include SEB.

“We originally planned to manufacture 1,500 bikes in 2020,” Angell founder Marc Simoncini told me. “We realized that we were selling more bikes than expected. We now expect to sell 10,000 bikes.”

Angell has accepted 2,000 pre-orders over the past six months — 75% in France and 25% from the rest of the world. But pre-orders accelerated drastically with the lockdown in France. During the month of May, Angell expects to sell three times more bikes than during an average month.

Originally, Angell planned to build its own factory and assemble bikes itself. SEB is allocating 25 employees on the production line and production should start at the end of May. It should definitely make things move faster and reduce potential delays.

Angell unveiled its smart electric bike in November 2019. It has a 2.4-inch touch screen, an aluminum frame, integrated lights and a removable battery.

Like other connected bikes from Cowboy and VanMoof, it pairs with your phone using Bluetooth. This way, the Angell bike has an integrated lock and alarm system. There are also an integrated GPS chip and cellular modem to track it if it ever gets stolen.

But Angell is going one step further with the integrated display. You can select the level of assistance and display information on the screen, such as speed, calories, battery level and distance. It can also display turn-by-turn directions. Your handlebar also vibrates to indicate when you’re supposed to turn left or right.

The company is also announcing a second model this week, the Angell/S. It is a smaller, lighter version of the bike with a step-through frame. Both models feature the same battery, same motor and same electronics. They also both cost €2,690 ($ 2,900).

Angell now expects to deliver the first batch of bikes in July. By the end of the summer, new customers should be able to order a bike and get delivered within 10 days. Eventually, the company will also roll out a full line of accessories, such as fenders, baskets and mirrors.

Startups – TechCrunch