The funding round was led by Shift4Good to support the company's growth and recent acquisition of Cylantro.
"We’re excited to welcome onboard the Cylantro team to Laka. Thomas and his team have built up a fantastic offering in France, and we can’t wait to ramp up our presence across the country. E-bikes are expected to outgrow car sales by 2025 in Europe and we see huge potential in France, where the sales of bikes and e-bikes are growing at double-digits. We are also excited to welcome Shift4Good as an investor, and we look forward to working with them to expand our commitments to decarbonising mobility, by making it easier for consumers to insure and protect their bikes or e-bikes."
The Nottinghamshire startup raised the capital from Kero Development Partners and the British Design Fund to take its in-wheel suspension prototype to market.
"It’s fantastic to have British Design Fund, Kero and our other investors on board. This funding will allow us to push forward with the next step in our growth plans and in taking our prototype to market."
The Birmingham startup has raised £500m in equity and debt through a partnership with a global private equity infrastructure firm.
"Following over a year of discussions, we’re thrilled to secure an offer of £500 million in Series A+ funding. This monumental achievement signifies not only our unwavering commitment to transforming transportation but also the remarkable growth and commercial success we’ve achieved alongside a strong pipeline. This substantial capital infusion will empower us to attract top-tier talent, further develop our partner ecosystem, and execute an ambitious M&A strategy, propelling our expansion on both domestic and international fronts to realise our collective aspirations and exceed investor expectations."
The funding round was backed by M&G Investments and Van Tuyl Companies to accelerate product development and international expansion.
"To have such a strong close to our Series C strategic funding round is a testament to the momentum built by Dr. Christmas and the team at Envisics. We were an early investor in Envisics, and we welcome the very impressive roster of returning and new investors in this round."
The investment round was led by Blackfinch Ventures and will support international expansion.
"Even before the cost-of-living crisis hit, public transport outside of big cities was broken – expensive, unreliable, or simply not there for people who need it. Almost 5,000 bus services – more than one in four – were axed between 2012 and 2022. Many that remain, especially outside cities and large towns, are under threat from the recent end of the Bus Recovery Grant. Too many people are left with a stark choice – car ownership, which is itself increasingly prohibitively expensive, or simply not working. That’s not right – it’s not good for individuals and their families, and their social mobility and mental health, or for communities more broadly, and it’s not good for the economy."
