Dutch bike company gives riders unique opportunity to become investors
Bike-meets-tech brand VanMoof starts crowdfunding campaign today to allow riders to profit from rapid international expansion. By giving fans priority, the counter shoots to €500.000 the moment it opens to the public.
AMSTERDAM, Tuesday October 10 2017 - Today VanMoof kicks off a large capital crowdfunding campaign to give enthusiastic riders the opportunity to share in its international growth. This comes hot on the heels of the first external investment in VanMoof; a € 4M investment made last month from Slingshot. The investment combination will enable VanMoof to stay ahead of the competition by fast-tracking its innovative bike development.
Over the past week, VanMoof riders have been given the exclusive opportunity to invest in VanMoof. Riders can invest from €250, making it possible for a wide audience to become part of this rapidly growing company. Thanks to this, no less than € 500.000 has already been pledged by moment the crowdfunding campaign opens to the public.
VanMoof’s success is thanks to our fanatic riders, so naturally we wanted them first in line to become shareholders. They also benefit from the thorough due diligence of Slingshot, which makes this a very unique opportunity.
The funding comes at a crucial moment for VanMoof. The Amsterdam bike company sees its turnover double by the year. To be able to keep up with the growing demand, VanMoof needs to scale up its production and must keep investing in R&D. For this a total of € 5 million in funding is needed. The investment will be used to maintain the company's technological lead in the market.
VanMoofs international break through came in 2016 with the launch of the Electrified S, the first connected city e-bike on the market. VanMoof plans to continue its international expansion by opening new Flagship Store in bike-capitals across the world such as Paris, London, Copenhagen and San Francisco.
“Taco and Ties’s visionary bikes have enormous global potential. Every major world city is investing in cycling infrastructure right now, and VanMoof can win due to the game changing innovation embedded in its latest bikes.”
The VanMoof crowdfunding campaign is run through European crowdfunding platform Oneplanetcrowd and is open until November 13. VanMoof aims to collect € 1 million, with a maximum of € 2.5 million.
Find the campaign at www.oneplanetcrowd.com/en/project/199750