Italian-based Blubrake, best known for its integrated anti-lock braking system (ABS) for e-bikes, has raised €5.2m in its latest round of funding.
According to Blubrake, 58 per cent of e-bike accidents happen when the front wheel locks under braking, so its system is all about preventing the front wheel locking and the rear wheel lifting off.
Swedish manufacturer Crescent was the first company to spec it and we tried it out.
In short, it works.
German manufacturer Bulls has also started introducing the Blubrake system, as have a few others.
Silicon Canals reports that the firm has now raised another €5.2m – and €8.4m in total – to extend its portfolio further and expand its product range.
Blubrake reckons its technology is suitable for pretty much any e-bike – including e-city, e-trekking, e-Mtb, speed pedelec and e-cargo bikes.
“This funding round will allow Blubrake to fast-track the investments in our industrial and commercial structures in order to keep expanding our footprint in the market and to bring new solutions to it,” said Blubrake general manager, Fabio Todeschini.
“The target is the global mid-high range bicycle market, which has similar dynamics in Europe as in the United States. The market response after the lockdown has been positive, even if there have been significant supply chain problems with the block of supplies from Asia.”