HumanForest, the British e-bike sharing start-up, has completed its crowdfunding campaign and raised around €1.4 million. Support came from 523 investors via Crowdcube. Founded in 2019, HumanForest aims to offer sustainable micro-mobility to a host of global cities, starting with London in spring 2021. The company successfully ran a trial during summer 2020 in the London boroughs of Islington and Camden, which was able to fulfill only 30 percent of the demand. The new funds will be used to expand the fleet to 1,500 e-bikes and relaunch London-wide in spring 2021. Expansion into another European city is scheduled for the first half of 2022.
Related articles
-
News briefsKú Cycle seeks to raise €200,000 via crowdfunding campaign
Triathlon bike specialist Kú Cycle seeks to raise €200,000 via a crowdfunding campaign on Crowdcube. At the time of writing, the company has raised €142,000. Customers are offered a pre-purchase bike fit and build-to-order business model. The company has a granted patent for the Fork Air Stream Technology (FAST), which ...
-
ArticleVista Outdoor leaves option open to sell to MNC for higher price
The uncertainty surrounding the future of Vista Outdoor, respectively Revelyst and The Kinetic Group, continues as the company officially confirmed on April 22 that it has resumed negotiations with Montréal-based MNC Capital in connection with the unsolicited expression of interest dated March 25, 2024, in which MNC indicated it was ...
-
News briefsRebike Mobility restructures its management
Rebike Mobility GmbH, the specialist for refurbished e-bikes, has restructured its management team and expanded it with experienced managers. After a strong Q1 in 2024, which the company says exceeded its own expectations, Rebike is now “very confident that we will also achieve our ambitious targets for the year as ...
More from Corporate and M&A
-
OpinionCorporate social responsibility - could this be a way to reduce staff fluctuation?
There has been a culture change towards employment in my lifetime: no longer are workers expecting jobs for life. The change has already happened but is sparking something greater with those affected. My graduating students realize they need work skills and know that a period of attachment with a brand ...
-
ArticleSwedish Supreme Court confirms reorganization plan for Sportshopen’s parent
On 15 April, the Swedish Supreme Court confirmed the restructuring plan for Swedemount Sportswear & Fashion AB. The majority of Swedemount’s suppliers and creditor groups had already voted to confirm the restructuring plan in December last year, which was subsequently approved by both the District Court and the Court of ...
-
News briefsRose Bikes with revenue record: Strong 2023 performance despite market challenges
In the fiscal year ending October 31, 2023, Rose Bikes’ total revenue was €189 million, a nine percent increase from the previous year.