Why We Invested · Balderton Capital
Product
VanMoof built a unique back-to-front platform spanning Taipei to Amsterdam that produces accessible, high-quality e-bikes.
That focus has enabled them to build a unique back to front platform, spanning Taipei to Amsterdam, that makes the world’s highest quality and most accessible e-bike.
Traction
VanMoof has accumulated a community of over 150,000 riders globally.
VanMoof’s sleek, multi-award-winning rides offer a high-tech and feature-rich experience for a devoted worldwide community of 150,000 riders and counting.
Business model
VanMoof plans to reinvent component manufacturing and bicycle assembly to make high-quality e-bikes more affordable and available.
VanMoof plans to use the funds to continue reinventing how components are made and bikes are assembled, which will make riding a high-quality e-bike even more affordable and readily available to the consumer.
Investment context
VanMoof raised a $128M Series C round led by Hillhouse Investment, bringing its total raised to $182M in under two years.
The round, led by Hillhouse Investment, is the largest ever Series C for a European e-bike brand and brings VanMoof’s total raised to $182M in less than two years.
Balderton participated in VanMoof's Series C round after having previously led its Series A in 2020.
The new round of funding is a significant show of confidence for VanMoof, with existing investors including Balderton also participating. Balderton led VanMoof’s Series A in 2020.
What founders can learn
- The traction evidence that carried weight: Balderton Capital wrote that VanMoof has accumulated a community of over 150,000 riders globally.
- How the model was assessed: Balderton Capital wrote that VanMoof plans to reinvent component manufacturing and bicycle assembly to make high-quality e-bikes more affordable and available.
Source and provenance
Why We Invested published by Balderton Capital on balderton.com (first-party source). Read the original
