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Vanmoof draws investors as coronavirus boosts electric bike demand

Ties Carlier, co-founder of Dutch electric bike maker Vanmoof, rides a bike
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FRANKFURT (Reuters) - Dutch electric bike maker Vanmoof has secured 12.5 million euros ($13.6 million) from venture capital firm Balderton Capital and SINBON Electronics to expand after its new S3 and X3 city bikes attracted more than 10,000 orders in just 22 days.Demand for high quality e-bikes has increased as the coronavirus crisis has prompted people to find alternatives ways to get around..
Date Published: May 13, 2020
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