Two major e-bike manufacturers secures high financing

Two major e-bike manufacturers secures high financing
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    Tezeus raises $10 million for supply chain expansion and marketing

    Tezeus, an electric bike manufacturer, has secured a $10 million angel round+ financing from Haiyi Investment and Hanlong Zhixing, which will be used for supply chain expansion, online marketing promotion and offline sales channel construction.

    Founded in 2022, Tezeus’ core product is the electric bicycle (e-bike). In terms of product design, it has self-developed core components such as eBike mid-drive motor and electronic control, and independently developed eBike vehicle system, IoT software and mobile APP, with its products mainly exported to Europe and the United States.

    Tezeus raises $10 million for supply chain expansion and marketing

    In December 2023, Tezeus launched the molding product Tezeus C8, which has entered the crowdfunding phase, and will be mass-produced from 2024 onwards.

    Tezeus targets users in the 15-45 age group who love technology and use it primarily for commuting and outdoors.

    In the product definition phase, it decided to research and design an eBike that is simple, combines hardware and software, and can be adapted to different geographical environments.

    Tezeus also focuses on Europe and the United States as its main markets, and adopts a direct sales and distribution strategy. On the online channel, it mainly builds independent stations in the UK, EU region, US and Canada for sales; offline is mainly dealers and specialty stores.

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    The company’s core members have served in General Motors, Geely Automotive Research Institute, ZF Corporation, Expansion Intelligence, Emma Technology, Anchor Innovation and Foxconn and other well-known enterprises, with a wealth of experience in R&D and supply chain management of motor electronic control and other hardware.

    The TezeusC8 is currently launched as the flagship model with a carbon fiber body, and an aluminum commuter model will be launched in the future to cover a lower price tier. What other bike frame materials you can compare?

    Haiyi investment partner said: “The global urgent demand for clean energy and the background of the energy crisis, the European and American consumer population of sports health and green travel products are highly recognized, e-bike in the European and American market is in a stage of rapid growth.

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    With the advantages of supply chain and production capacity, China’s e-bike products have the ability to iterate quickly, and quickly seize a part of the market share when the market opportunity arrives.

    Tezeus’ team researches the core components of eBike and owns the center motor and electronic control products with independent technology and superior performance.

    In the design of the entire electronic and electrical architecture of the vehicle, the key software platform and hardware circuitry of the entire stack for self-developed design, with independent control and sustainable optimization advantages.

    SAMEBIKE XD26 Hybrid Electric Bike-2

    At the same time, the company’s founding team are serial entrepreneurs, with the resources and experience to achieve scale and commercialization.

    Through this investment, Tezeus will be able to attract more top talent and supply chains, and expand and build better marketing and sales channels.

    DYU secures $100 million Series A financing

    Recently, DYU completed RMB 100 million Series A financing, invested by CICC Capital’s CICC Hui Rong. This round of funding is mainly used for team building, product development, marketing, supply chain optimization, etc.

    In 2017, DYU entered the overseas market with a differentiated design strategy, and shipments reached 18,000 units that year. With the German designer team’s dual-drive model and Chinese supply chain, DYU has been flourishing overseas, with shipments constantly climbing to new heights.

    DYU secures $100 million Series A financing

    In 2020, the sales volume exceeded 150,000 units, making it the first e-bike company in China that exported more than 100,000 units, and at present, the annual shipment volume takes the lead to exceed 500,000 units.

    DYU specifically targets European and American markets. From the demand for short-distance travel, the cycling atmosphere in Europe and the United States is relatively strong, the e-bike market growth rate is fast.

    DYU e-bikes are for young people as the main user groups, folding e-bikes more in line with their scenario-based needs. DYU e-bike focuses on the e-bike category in Europe and the folding category in the United States accounted for more than 50%.

    DYU has also successfully developed many e-bike product lines such as folding, urban, mountain, fat tire electric bike, etc. DYU has obtained more than one hundred patents worldwide, and the cumulative sales volume has exceeded 1.5 million units.

    DYU office

    Localized layout in the overseas market: DYU’s revenue is still 90% offline, despite the layout of the brand’s official website, Amazon and other online retail channels.

    At present, DYU has been stationed in a number of offline superstores, including Costco and Sam’s in the United States, Carrefour and Auchan in France, and Myer’s Department Store in Australia, etc.

    And there are also relatively decentralized distribution outlets in European countries such as Holland, Italy, Poland, and France.

    At the same time, it also builds overseas warehouses and after-sales service centers in the United States, the United Kingdom, the Netherlands, Poland, etc., which makes it more convenient to serve overseas markets.

    DYU has been immersed in the field of short distance travel for many years, and has the advantages of pioneering e-bikes, supply chains, and experience in superstore cooperation.

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    After this round of financing, it will build up its capital advantage, and the e-bike market pattern will likely become clearer in the next two years.

    Chocolatezhu
    Chocolatezhu
    Hi, I'm an experienced writer about mechanic and an expert on bike and e-bike tech who appreciates practical, beautifully-engineered things. And of course, I love cycling.
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