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€14.5M Series B
Blubrake is a leading developer of anti-lock braking systems (ABS) for e-bikes and light electric vehicles. Since launching its proprietary ABS technology in 2018, the company has established itself as one of the most advanced players in the sector, with its systems already integrated into the models of major OEMs across Europe. As e-bike adoption continues to accelerate, Blubrake’s ABS technology enables manufacturers to significantly improve braking performance and safety, while offering a strong product differentiation lever in an increasingly competitive market.
With the support of Growth Capital, Blubrake secured a total of €14.5 million from industrial and strategic investors to scale the industrialization and manufacturing of its new ABS Gen 3 product.
The first tranche, totaling €12 million, was co-led by Algebris Climatech, the first venture capital fund of Algebris Investments, Fundracer B.V., a leading Dutch micro-mobility investment fund, and Tri-Star, a Singapore-based contract manufacturer operating production facilities across multiple countries.
The second tranche of €2.5 million was led by Suprajit, a listed Indian company and the world’s largest manufacturer of two-wheeler control cables, alongside Italian investor Primo Capital through its Primo Climate fund. Fundracer B.V. also participated in the extension round.
Growth Capital acted as exclusive financial advisor to Blubrake, supporting the company in structuring a complex transaction involving multiple investor profiles, an articulated cap table and corporate governance framework, debt renegotiation, and staggered equity injections aligned with CAPEX planning. The advisory also covered the drafting and negotiation of term sheets and investment agreements, as well as the coordination of due diligence and closing.
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With the support of Growth Capital, Blubrake secured a total of €14.5 million from industrial and strategic investors to scale the industrialization and manufacturing of its new ABS Gen 3 product.
The first tranche, totaling €12 million, was co-led by Algebris Climatech, the first venture capital fund of Algebris Investments, Fundracer B.V., a leading Dutch micro-mobility investment fund, and Tri-Star, a Singapore-based contract manufacturer operating production facilities across multiple countries.
The second tranche of €2.5 million was led by Suprajit, a listed Indian company and the world’s largest manufacturer of two-wheeler control cables, alongside Italian investor Primo Capital through its Primo Climate fund. Fundracer B.V. also participated in the extension round.
Growth Capital acted as exclusive financial advisor to Blubrake, supporting the company in structuring a complex transaction involving multiple investor profiles, an articulated cap table and corporate governance framework, debt renegotiation, and staggered equity injections aligned with CAPEX planning. The advisory also covered the drafting and negotiation of term sheets and investment agreements, as well as the coordination of due diligence and closing.
