Just days after launching its equity crowdfunding campaign on Crowdcube, Cowboy, a Belgium-based smart electric bike startup, has not only secured its initial £1.2 million, it has now raised more than £3 million from nearly 1870 Crowdcube investors.
As previously reported, Cowboy’s key mission is to improve “urban mobility” and take commuters to their destination in a more sustainable and efficient manner.
“Cowboy’s vision is to elevate the daily commute to the next level in terms of speed, comfort and freedom of movement around the city. Cowboy enhances the riding experience by unifying intelligent technology, delightful design and meticulous customer service.”
The company also reported that its to-date achievements include selling over 5,000 bikes in 2019 alone, five times year on year growth, 3,482,713 km ridden and 435,375 kgs saved in carbon emissions. Adrien Roose, Cowboy CEO, recently stated:
“The growth of Cowboy over the past two years has demonstrated there is a real appetite amongst our customers to not only have a connected e-bike but to be a part of our micromobilty revolution as we look to reduce the amount of cars on the streets and decrease commute times. The last two years has shown us the passion that our community has and how they want to be a part of our future. Enabling them to become shareholders will be very powerful for us as we set our sights on transforming urban mobility.”
Cowboy is currently offering 5.56% in equity through the funding round at a £51,468,849 pre-money valuation. The campaign is currently set to close mid-January 2020.
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