Cowboy has raised a$26 million( EUR23 million)Series B financing round from Exor Seeds, HCVC, Isomer Capital, Future Positive Capital and Index Ventures. The start-up has actually been producing premium electrical bikes and selling them straight to customers around Europe
. The business recently released the 3rd generation of its flagship bike, which is everything about improvements and iterating on its existing offering. If you have not seen one in a European city, it features an iconic triangle-shaped aluminum frame with integrated pill-shaped lights.
With a focus on simpleness, there are no buttons or equipments to manage motor support. When you start pedaling, the motor kicks in immediately. Some of the crucial features of the < a class="crunchbase-link"href="https://crunchbase.com/organization/cowboy"target="_ blank"data-type="organization" data-entity =”cowboy “> Cowboy bike are the carbon belt, custom-made tires with a leak protection layer and the removable battery.
Cowboy bikes are also connected bikes thanks to some electronic components. You can lock your bike when you’re not utilizing it. The business is presently checking auto-unlock, a feature that takes advantage of Bluetooth Low Energy to detect your phone.
By integrating data from the accelerometer, the speed of the bike and your pedal power, Cowboy will also soon instantly find crash and inform an emergency contact.
In addition to developing a bike, Cowboy is likewise a service company. It has actually developed a network of repair work partners and provides test rides to prospective clients. It is now readily available in lots of European cities.
The company likewise uses an insurance item thanks a partnership with Qover. For EUR8 each month, you can receive real-time notice whenever somebody is trying to take your bike and you’re insured against theft. For EUR10 each month, you’re also insured versus damage.
With today’s funding round, the start-up prepares to work with over 30 individuals in the next six months, expand its network of test flights and scale production operations with Flex.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.