![GIN E-Bikes Raises £510,000 in Funding. GIN E-Bikes, a UK-based company founded in 2022, specialises in building hybrid bikes suited for long-distance riding. Rahul Pushp and Ukrainian businesswoman Marina Vlasenko co-founded the business.](https://startuprise.co.uk/wp-content/uploads/2024/01/GIN-E-Bikes-Raises-510000-in-Funding.webp)
GIN E-Bikes Raises £510,000 in Funding. GIN E-Bikes, a UK-based company founded in 2022, specialises in building hybrid bikes suited for long-distance riding. Rahul Pushp and Ukrainian businesswoman Marina Vlasenko co-founded the business.
Toloka.vc, a syndicate of private investors based in Ukraine, provided the funding. The group has made over 300 investments totaling over $200 million, involving 20 exits and investments in 10 unicorns.
Read also - London-based Olsam Group Acquired Dwarfs
At a low cost of £999, the original GIN X E-Bike established a new benchmark in the market as an all-purpose premium e-bike. The company launched its second bike, the £1190 GIN X E-Bike with an Integrated Display, in December.
RECOMMENDED FOR YOU
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/02/Madrid-based-LUDA-Partners-bags-E12-million-in-Funding.webp)
[Funding alert] Madrid-based LUDA Partners Secures €12 Million in Funding
Team SR
Feb 13, 2024
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/03/Cargo-Airline-Dronamics-Secures-E10-Million-in-Funding-.webp)
[Funding alert] Cargo Airline Dronamics Secures €10 Million in Funding
Startup Rise EU
Mar 20, 2024
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/07/Polish-startup-Montii-Secures-450k-in-Funding-.webp)
Moniti funding news – Polish Startup Moniti Secures $450k in Funding
Startup Rise EU
Jul 4, 2024
The funding infusion will allow the introduction of a customised cargo bike model intended for delivery drivers (such as Glovo and Uber Eats). In order to enhance portability, all bikes will have folding and carbon frames.
Read also - GLORY to Acquire Flooid
Moreover, the money will aid in increasing sales and production volumes, with a goal of achieving 200 units per month by the end of 2024. In order to strengthen its standing in the European e-bike market, the company also plans to enter the Polish and Ukrainian markets.
About GIN E-Bikes
GIN E-Bikes, Avoid traffic to save time on your daily commute to work. By encouraging electric bikes, parking concerns are eliminated. E-bikes help you ride farther and burn more calories, which enhances your health. They also lessen carbon footprints and help the environment.
Read also - London-based Labrys Technologies Secures $5.5M in Seed Funding
Recommended Stories for You
![story](https://startuprise.co.uk/wp-content/uploads/2023/11/French-based-Climate-Food-Tech-Le-Fourgon-Secures-E10-Million-in-Funding-.webp)
[Funding alert] French-based Climate Food Tech Le Fourgon Secures €10 Million in Series A Round Funding
Startup Rise EU Nov 15, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2024/06/Amsterdam-based-SERDA-Therapeutics-Secures-E2Million-in-Funding.webp)
SERDA Therapeutics funding news – Amsterdam-based SERDA Therapeutics Secures €2Million in Funding
Startup Rise EU Jun 4, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/01/London-based-CryptoSafe-Ltd-Secures-20Million-in-Funding.webp)
[Funding alert] London-based CryptoSafe Ltd Secures $20Million in Funding
Startup Rise EU Jan 25, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/07/Rent2Cash.webp)
Rent2Cash Funding News – Italy-based Rent2Cash Secures €3M Pre-Seed Funding
Team SR Jul 3, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/04/Dutch-based-Stippl-Raises-E575.000-in-Funding.webp)
[Funding alert] Dutch-based Stippl Raises €575k in Funding
Startup Rise EU Apr 2, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/04/London-based-Hometree-secures-debt-funding-from-BlackRock.webp)
[Funding alert] London-based Hometree Secures Debt Funding from BlackRock
Startup Rise EU Apr 16, 2024