Cobi, which stands for “Connected Biking”, a Frankfurt, Germany-based developer of a smart control centre for bikes, raised almost €6.3m in funding.
Backers included Munich Venture Partners and Meinders & Elstermann – International Print & Mediaservices.
The company, which has raised €12m in total funding to date, intends to use the capital for internationalization as well as the development of further products.
Led by Andreas Gahlert, Founder and CEO, COBI provides an integrated system that intelligently connects a bike with a smartphone. The modular system integrates six bike accessories into one design object:
– automatic front and rear light,
– smartphone holder with charging function,
– alarm system, and
– bike computer.
The system can be pre-ordered online as an accessory for any bike from between €179 and €330, and will be pre-fitted by many bike manufacturers. Delivery will begin in time for the biking season in Spring 2016.
More than 30,000 pre-orders have already been received.