Dutch e-bike manufacturer and LEVA-EU member QWIC received 10 million euro growth capital from De Hoge Dennen Capital, the investment office of the De Rijcke family.
QWIC will use capital to enhance their growth strategy which is based on 3 major pillars. The company will further work on international expansion and will develop and introduce a new generation e-bikes in their portfolio. Lastly, it also enables QWIC to increase its European production capacity to over 100,000 e-bikes in 2024. De Hoge Dennen Capital will alos support QWIC with knowledge.
In making mobility more sustainable, e-bikes play an essential role. In the Netherlands, these vehicles became increasingly popular among a broader audience, especially as commuting vehicle. Since 1 January 2020, the Dutch government supports this trend with beneficial fiscal rules for company e-bikes, stimulating even more people to cycle to their work.
Taco Anema, CEO & founder QWIC: “80% of all car rides is shorter than 20 kilometres. It is our goal to seduce drivers to swap their car and use an e-bike for their daily commute. With our next generation e-bikes, we want to contribute to accelerating the transition to sustainable mobility.”
Photo Credit: QWIC
Find here a link towards QWIC’s press release database