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€14.5M Series B
Blubrake introduced its anti-lock braking system (ABS) technology in 2018, aiming to drive mass adoption of this product as a critical safety feature for e-bikes and light electric vehicles. The company enables OEMs to enhance braking performance, improve rider safety, and differentiate their products in an increasingly competitive market.
The first tranche of €12M was co-led by Algebris Climatech, Algebris Investments’ first VC fund, Fundracer B.V., a Dutch leading micro-mobility investment fund, and Tri-Star, a Singaporean contract manufacturer with factories in several countries.
The second tranche of the round was led by Suprajit, a listed Indian company and the world's largest corporation in the two-wheeler cable market, alongside Italian investor Primo Capital through its Primo Climate fund. Fundracer B.V. also joined the extension round.
GC structured the deal, managing a complex governance and cap table situation, secured industrial and strategic investors to scale new product (Gen3) manufacturing, restructured the cap table, renegotiated debt, staggered equity injections for CAPEX planning, drafted and negotiated the term sheet and investment contracts, and managed due diligence and closing.
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The first tranche of €12M was co-led by Algebris Climatech, Algebris Investments’ first VC fund, Fundracer B.V., a Dutch leading micro-mobility investment fund, and Tri-Star, a Singaporean contract manufacturer with factories in several countries.
The second tranche of the round was led by Suprajit, a listed Indian company and the world's largest corporation in the two-wheeler cable market, alongside Italian investor Primo Capital through its Primo Climate fund. Fundracer B.V. also joined the extension round.
GC structured the deal, managing a complex governance and cap table situation, secured industrial and strategic investors to scale new product (Gen3) manufacturing, restructured the cap table, renegotiated debt, staggered equity injections for CAPEX planning, drafted and negotiated the term sheet and investment contracts, and managed due diligence and closing.
