VanMoof Sales Triple in Year of Unprecedented Growth
723 days ago
LEVA-EU member VanMoof released new figures that highlight a watershed year of growth, with sales tripling and a new mobility paradigm emerging from the global pandemic.
The worldwide e-bike boom resulted in explosive growth figures, with global revenue and bikes sales at VanMoof increasing over 200% in 2020. This growth spiked early in the year as lockdown took hold and huge numbers of people re-discovered the bicycle as a safe alternative to public transport. This resulted in VanMoof selling more bikes in the first four months of 2020 than in the previous two years combined.
VanMoof bike sales triple during worldwide lockdown
VanMoof on course for over 100% annual revenue growth
Year-on-year sales increased in US by 120% and in the UK by 230%
VanMoof global operations expand to support increased demand with 300 new employees, 31 pop-up shops, and new Seattle brand store
VanMoof completed series B funding, totalling $50 million to date
For the first time VanMoof took a deeper look at the impact their rider community is having on the world. E-bikes have now taken pole position in a worldwide mass mobility revolution. The trend of millions of people switching to more sustainable transport is shown in the rapidly growing VanMoof community, increasing by 30% to over 155,000 riders. And the pace of this e-bike transition has already changed cities radically. City dwellers worldwide are embracing e-bikes as a safe and reliable mobility option.
This year alone, VanMoof riders have travelled almost 12 million kilometers – that’s 300 times around the world, or 15 times to the moon and back. Most impressive of all are the carbon impacts, saving over 1346 tons of CO2 from being released. And this is just the beginning, with all related trends pointing to cleaner, greener, and smarter cities.
A new mobility paradigm
“This was a breakthrough year for e-bikes. And we’ve started to see the benefits of less congested streets, cleaner air, and healthier commutes. We have every reason to believe this behavioral shift is here to stay now that people have adopted a smarter, greener alternative to the status quo”
Ties Carlier, co-founder VanMoof.
According to the latest projections, the market for electric bikes is expected to exceed $46 billion in the next six years, with a growth rate twice that predicted before the pandemic. The impact of Covid-19 has had an unique effect on transport planning in major cities, with new policy developments transforming urban landscapes and allocating significant funds to increase the amount and quality of cycling infrastructure.
Ride the future
With an updated motor, automatic electronic gear shifting, and integrated anti-theft tech, the VanMoof S3 & X3 are custom-tuned for the ultimate riding experience. This new range of e-bikes isn’t just the most innovative and powerful VanMoof has ever made, it’s revolutionizing the way cyclists move around cities forever. The high performance VanMoof S3 & X3 open the road to the latest e-bike tech at $1998. Available worldwide in VanMoof brand stores and at vanmoof.com.