London-based GIN E-Bikes has raised €588K in funding from Ukrainian venture capital syndicate Toloka.vc. GIN E-Bikes produces premium e-bikes at affordable prices and plans to use the funding to expand production and sales volume. The capital will also support the company’s entry into the Polish and Ukrainian markets. GIN E-Bikes has strategic plans for diversification and aims to launch a specialised cargo e-bike for delivery services. Toloka.vc will have a presence on GIN E-Bikes’ board of directors and provide strategic guidance. GIN E-Bikes was founded in 2021 and its flagship product is the Gin X, a hybrid e-bike with a range of features including carbon and folding frames.
Premium e-bikes made affordable: GIN E-Bikes raises €588K for UK market.
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