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French Start-Up Loewi Raises €1 Million To Ride The Refurbish Electric Bike Market

May 29, 2023•about 2 years ago

Amount Raised

€1 Million

Round Type

seed

ParisAutomotiveManufacturing

Investors

Caméléon Invest Family OfficeCentrale Supélec 21st FundSatganaAntler France

Description

Paris-based Loewi refurbishes electric bikes, giving the used bikes a second life whilst ensuring there is a low priced market for those looking for a green transport alternative but can’t quite reach the relatively high price tag of a new bike.

Company Information

Company

Loewi

Location

Paris, Texas, United States

About

Loewi is a marketplace 100% dedicated to electric bikes and scooters. Loewi allows you to sell your two-wheeled companion within 45 days. Loewi allows you to buy reconditioned, certified, guaranteed, equipped and insured bikes. Your new two-wheeled companion on average 30% cheaper than the price of a new machine.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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