Venture capitalists are piling millions into trendy European e-bike start-ups

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European e-bike start-ups Cowboy, Dance, VanMoof have all raised money from venture capitalists recently.

Technology investors are making big bets on new forms of transportation as the world rethinks how people should move around cities.CEO of Cowboy Adrien Roose and Index Ventures partner Martin Mignot Venture capital firms are pumping money into e-bike start-ups as the coronavirus pandemic forces city dwellers to find new ways of getting from A to B.

"As cities and city centers transition away from cars, I expect more people will fall in love with e-bikes and realize how perfect they are for getting around town without breaking a sweat," he said. "Everything changed due to the virus and everything started growing even faster," said Taco Carlier on a call with CNBC in May, adding that global sales were up around 48% compared to the same period last year, and U.K. sales are up 184%.

 

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