FAZUA GmbH – development and sales company of the evation drive for e-bikes – has successfully completed its Series B financing round. The existing shareholders High-Tech Gründerfonds (HTGF), Bavaria Capital and five private investors as well as the newly joining entrepreneur Rolf Nied are providing the company with three million euros in the course of a capital increase.
The funding will be used to set up production in Munich, deliver the first orders from well-known bicycle manufacturers, and further strengthen the team. Marcus Schlüter, Managing Director of FAZUA GmbH, says about the successful financing round:
"We are very pleased about this investment round and the strengthening of FAZUA GmbH. The capital, as well as the valuable know-how and commitment of the shareholders, will enable a strong position in the market."
FAZUA's frame-integrated drive system enables bicycle manufacturers to push the boundaries of e-bike design, weight and flexibility.
End customers receive lighter and more visually appealing bicycles with the same performance.
Both sporty and urban frame concepts are being planned by the first customers and will be introduced in 2017 for the summer season.
New service, logistics and maintenance concepts
Beyond the drive system, FAZUA also intends to become a pioneer in the digitalized value chain in the bike industry with new service, logistics and maintenance concepts.
Benjamin Erhart, Investment Director of HTGF, confirms:
"The entrepreneurial team and development partners have continued their excellent work during the development phase, and we are looking forward to the start of series production. Manufacturing such a complex product and reliably delivering it to renowned customers is a very demanding task. The team has managed to make excellent use of the expertise within the shareholder group. Therefore, we would also like to take this opportunity to thank the experienced private investors for their added value beyond the investment."
