The Series B funding will be used to meet the increased demand, shorten delivery times and build a suite of rider service solutions. It also aims to boost its share of the e-bike market in North America, Europe and Japan.
Partly driven by the switch of commuters away from public transport because of the COVID-19 pandemic, the e-bike craze is taking off.
Governments are now investing in cycling infrastructure and the e-bike market is set to surpass $ 46 billion in the next six years, according to reports.
Ties Carlier, co-founder of VanMoof, commented: “E-bike adoption was an inevitable global shift that was already taking place for many years now but COVID-19 put an absolute turbo on it to the point that we’re approaching a critical mass to transform cities for the better.”
VanMoof says it realized a 220% global revenue growth during the worldwide lockdown and sold more bikes in the first four months of 2020 than the previous two years combined.
Stew Campbell, principal at Norwest said: “Taco, Ties and the VanMoof team have not only built an unparalleled brand and best-selling product, but they’re reshaping city mobility all over the world.”
Colin Hanna, principal at Balderton: “As the COVID-19 crisis hit supply chains worldwide, VanMoof’s unique control over design and production was a key advantage that allowed the company to react nimbly and effectively. Moreover, VanMoof’s direct to consumer approach allows the company to build a close relationship to their riders, one that will be strengthened by new products and services in the years to come.”
VanMoof launched the new VanMoof S3 and X3 in April of this year. I reviewed the S3 here and checked out the earlier X2 version here.
Digital adoption has witnessed a dramatic surge during COVID-19 crisis but we are still ahead of the major digital explosion. Practically, every industry was on the verge of getting digitised and the pandemic outbreak seems to be given it a final push. The next-generation of online marketplaces play a great role in resolving the most pressing issues faced by people in Europe during the time of the crisis.
‘The Marketplaces Report’ by Dealroom and global online classifieds company Adevinta shows the increase in digital adoption across industries such as healthcare, recruitment, education, grocery, etc. It shows that there is a growth in the app downloads of these startups that indicates at a rapid digital adoption as there was a lockdown that urged people to stay at home.
During the period when restaurants, cafes and bars had to be closed, food delivery apps have witnessed massive growth in the app downloads from January to March this year. Having said that, Silicon Canals has come up with some on-demand food and grocery or farm-to-table delivery startups in Europe that have witnessed growth during the pandemic.
Founder/s: Greg Orlowski, William Shu Founded year: 2012 Funding: €1.3 billion
The food delivery giant Deliveroo switched to contactless drop-off option during the COVID-19 pandemic. The service is taking steps to keep customers, restaurants, riders, and customers safe during the time of the crisis. While customers did not want to expose themselves to the virus, Deliveroo took steps to use hand sanitizer for riders and a dedicated support team to resolve the queries of riders. Also, the service provides additional packaging to restaurants in select regions to protect the food delivered to customers. As of March 2020, the Deliveroo app witnessed 21% more downloads than January this year.
Founder/s: Oscar Pierre, Sacha Michaud Founded year: 2015 Funding: €452 million
Glovo, the on-demand delivery app offers hope for local establishments and let them serve their regular customers and carry on with their usual business. During the pandemic, Glovo witnessed an upsurge in downloads by 8%, especially for categories such as groceries and pharmacy. In Spain, they had waived off the delivery fee for pharmaceutical orders. While there was a drop in orders in the global markets, the key markets such as Spain and Italy witnessed an increase in the app downloads and deliveries.
Founder/s: Marco Porcaro Founded year: 2011 Funding: €16.5 million
Cortilia is an Italian grocery delivery platform that takes fresh food produce to the consumers’ homes. It offers country-fresh products and lets customers directly place orders from farmers and artisans. It is a simple process wherein customers just have to place an order by visiting the app or website and get the produce delivered to the customers’ doorsteps within 24 hours. This Italian fresh food produce delivery platform has witnessed a massive upsurge of 139% during the first three months of this year.
Founder/s: Mounir Mahjoubi , Guilhem Chéron , Marc-David Choukroun Founded year: 2011 Funding: €9.7 million
French startup La Ruche qui dit Oui! also known as The Food Assembly in the U.K. combines the culture of social entrepreneurship and digital innovation. The startup reconnects people with their food and works with the vision that focuses on valuing local producer and supporting the progress of a connected economy. La Ruche qui dit Oui! promotes an innovative concept of collaborative consumption. This French platform that lets change consumer habits has witnessed a growth of 53% from January to March this year.
Founder/s: Tim Steiner, Jason Gissing, Jonathan Faiman Founded year: 2000 Funding: NA
Food delivery startup Ocado ensured the safety of its staff and consumers during the COVID-19 outbreak by purchasing 100,000 test kits. It took this move to keep grocery supplies flowing despite comprising on safety. During the pandemic, Ocado worked round the clock to get food delivered to as many customers as possible with an increased demand, thereby witnessing a drastic growth of 99% in the app downloads during the pandemic outbreak.
Founder/s: Frederik Nieuwenhuys, Joris Beckers, Michiel Muller, Bas Verheijen Founded year: 2015 Funding: €350 million
Based out of Amsterdam, Picnic operates an online platform created to provide grocery supermarket services at low prices. It receives all the orders from users for the next day through its platform and sends them to bakers, greengrocers, and other suppliers and delivers orders using electric vehicles, enabling consumers to order all of their groceries at affordable prices at their doorsteps. During the pandemic, the Picnic app downloads saw a growth of 69% as there was an increase in demand.
Founder/s: Dominik Richter, Thomas Griesel, Jessica Nilsson Founded year: 2011 Funding: €357 million
Berlin-based meal kit company HelloFresh works with the mission to transform the way people eat. It is a food subscription company, which sends pre-portioned ingredients to users’ doorsteps on a weekly basis. At the time of the crisis, HelloFresh provided groceries, fruits, vegetables, and other ingredients to users’ doorsteps so that they can prepare sumptuous meals at their home without stepping out. This German meal-kit platform witnessed a 13% increase in app downloads as of March 2020.
Back in January, Georgia Tech professor David Joyner got a cryptic email from a student based in Wuhan, China.
“I’m under quarantine, but my internet access is okay so I have more time to spend on classwork, I wanted to let you know,” the message read. Unsure why Wuhan would be under quarantine, Joyner did a quick Google search and saw the beginnings of the coronavirus pandemic.
“I thought, there’s something going on in Wuhan so maybe we’ll have some students affected by it,” Joyner said. Fast-forward two months and the coronavirus is a household term. All of Joyner’s students, regardless of geography, have been impacted by the pandemic.
It has been a little over a month since colleges and schools across the country started shutting down due to COVID-19. Edtech startups had a surge in usage and a demand for more resources than ever. Now that the adoption scramble has slowed, the same startups are reckoning with unprecedented use cases.
Everyone knows how they’re expected to behave in a physical classroom, but can you stop a student from cheating when taking a test in their bedroom at home? How should teachers offer 1:1 time and take questions during a lesson?
Piazza founder Pooja Sankar says teachers face more open questions: “What does it mean to record myself? What does it mean to have a camera on my face? How do I know I can hold a class with reliable internet connection?”