Ampler Bikes, an Estonian direct-to-consumer brand that manufactures and sells light e-bikes, closed a €7.4m equity funding round.
The round, which valued the the company to €47M, was led by Taavet Hinrikus and Sten Tamkivi from Taavet+Sten, joined by Metaplanet, Ambient Sound Investments and Ragnar Sass.
The company will use the capital to continue expand operations and its business reach, establishing The Netherlands and Switzerland as the next core markets alongside Germany, by opening new showrooms and service centers.
Founded in 2016 by Ardo Kaurit, CEO, Hannes Laar, and Rait Udumae, Ampler Bikes launched their flagship e-bikes, the Curt, Stout and Stellar in 2018, and opened a showroom in Berlin in the same year. To date, the company has sold thousands of e-bikes across Europe, and has 130 people working between offices in Tallinn, Berlin and Cologne.
The next showroom will be opened in the Haarlemmerbuurt neighbourhood in Amsterdam.
FinSMEs
01/11/2021