A rapidly growing sector of e-mobility
As the world becomes more conscious of the impact of fossil fuels on the environment, e-mobility has emerged as a promising alternative. While electric cars have received much of the attention, electric motorbikes and electric bicycles are also gaining popularity as more people look for ways to reduce their carbon footprint.
Electric motorbikes offer several advantages over their traditional gas-powered counterparts. They produce zero emissions, are quieter, and require less maintenance. Additionally, they can be charged at home or at a charging station, making them convenient and cost-effective. As battery technology improves, electric motorbikes are becoming more practical for everyday use, with many models offering ranges of over 100 miles on a single charge.
Electric bicycles, also known as e-bikes, are another attractive option for eco-conscious commuters. Like electric motorbikes, e-bikes are powered by an electric motor and can be charged at home or at a charging station. Unlike traditional bicycles, e-bikes provide assistance to the rider, making it easier to climb hills or travel longer distances without getting tired. This makes them an excellent option for people who want to cycle to work or run errands without arriving sweaty or exhausted. It is estimated that between 2020 and 2023, over 130 million electric bicycles will be sold worldwide.
The market for electric motorbikes and e-bikes is growing rapidly. As more people become aware of the benefits of electric vehicles, demand for these vehicles is expected to continue to rise. This shift towards electric mobility has the potential to transform the way we travel, reducing emissions and improving air quality in our cities. In a research conducted by McKinsey and Company, over 70% of respondents indicated they were inclined to use micro-mobility for their daily commute, including e-bikes, e-mopeds, and electric scooters.
In this article, we’ll take a closer look at the world of electric motorbikes and e-bikes, exploring the latest developments and trends in this exciting field. Based on the growing popularity of e-bikes and electric motorcycles, we’ve decided to come up with a list of 5 European-based start-ups that are accelerating the E-Mobility Revolution.
5 European Start-ups Accelerating the E-Mobility Revolution:
Established in 2016 in Sweden, CAKE was founded by Stefan Ytterborn with the goal of creating electric motorcycles to inspire the shift to a zero-emission society. CAKE offers anything from e-bikes to mopeds to motorcycles, including a line directed at the youngest customers starting from 6 years old. The company has so far secured €63.5M, with the most recent Series B funding valued at €39.05M.
Tallinn-based Ampler Bikes was established in 2014, with the aim of addressing the gap in sustainable urban mobility. Compared to CAKE, Ampler focuses on e-bikes only. According to the company, Ampler got a start as a fun side project in 2014 when three founders – a professional motocross racer, an avid engineer, and a bicycle designer. So far, the company has raised €11.5M in funding and was acquired in February 2023 by Kou Mobility Group – a company that owns Comodule, Tuul, and Aike in their portfolio.
RGNT Motorcycles was founded in 2019 and launched in 2020 in Sweden, with the aim of becoming a top player among two-wheeler brands in the world. The founder Jonathan Åström was inspired by the metropolis of Beijing and wanted to bring zero-emissions and zero-noise transportation to the west. RGNT delivered its first motorcycles to its customers in 2020, offering two different base models to choose from (and their respective Sport Extended and Sport Extended Limited versions).
Brussels-based Cowboy was founded in 2017 with the premise of developing and manufacturing electric urban bikes. Just like Ampler, Cowboy focuses only on electric bicycles, and they currently offer three different models to choose from, and additionally, they offer a leasing option for their bikes. They have three stores in different locations: Paris, Brussels, and Berlin. Until now, Cowboy secured €115M in funding, including the most recent round in March 2023.
Another Swedish entrant on our list, Stilride has been founded in 2020 in Stockholm. Compared to the other companies on our list, Stilride focuses only on electric scooters, with one model available for preorder right now. The company has so far raised €7.01M of funding, including a €3.7M round in November 2022 from Angel investors.
As e-mobility becomes an increasingly important aspect of the transportation industry, start-ups have emerged as key players in driving innovation and pushing the boundaries of what’s possible. As the ecosystem continues to evolve, it’s clear that start-ups will play a crucial role in shaping the future of transportation. Whether it’s through disruptive new technologies, innovative business models, or creative partnerships, these companies are driving change and making an impact in a sector that’s poised for rapid growth.
At Storm4, we pride ourselves on partnering with the biggest disruptors on the market, who are on a mission to accelerate the transition to a greener tomorrow through electric mobility. We support their growth plans by connecting them with top talent within the GreenTech space. If this sounds like something you need support with, don’t hesitate to get in touch!
