Spanish E-bike Startup Secures First Round Of Funding

Spanish e-bike brand Crow Bicycles has secured its first round of investment, which the company says will use the investment to consolidate international growth and further develop its lightweight research and development capabilities.

Nuflis Investments pledged €300,000 ($325,000) to Crow Bicycles, which launched last year through an international crowdfunding campaign. It will launch a line of "premium electric bikes" by the end of the summer and offer it through a direct-to-consumer sales model.

Last year, Crow offered four models of its "ultra-light" e-gravel bikes, available only through a crowdfunding campaign, starting at under $2,900. The company is focused on developing a range of e-bikes, with or without assistance, that can specify models with the Fazua detachable electrical system. For example, it says the Ride 50 Trail model will allow riders to get rid of the power system and save 6.6 pounds.

David Toledo, founder and CEO of Crow Bicycles, said: "Our goal is to change the game and develop the concept and business model of e-bikes to get more people on bikes. The first step is to provide users with an attractive And a high-tech bike that gives them a smile every time they use it. Allows them to benefit the environment every mile they ride on a bike or every day they don’t use a car.”

In a press release announcing the investment, Crow said it is committed to producing in Europe and working closely with regional suppliers. The team consists of senior industry experts from Spain and the United States with 16 years of industry experience.