Cowboy, e-bike startup, raises €4.2 million and becomes Crowdcube’s largest ever cleantech raise

Cowboy team

Brussels-based Cowboy, the design driven electric bike company, has hit €4.2 million in its crowdfunding campaign on Crowdcube, with five days still to go. It has extended its offer until 14 January; up until then the public can invest for as little as 20. In Dec 2019, we reported that the mobility startup smashed its original target of 1.4 million in just 12 minutes, making it Crowdcube’s most successful cleantech campaign. 

Cowboy was founded in Brussels in 2017 and to date has raised €13.2 million from international investors (including Index Ventures, Tiger Global and Hardware Club) in its Series A round in autumn 2018 and quickly sold out its entire stock of bikes in Belgium last year. This year, the company expanded into Germany, France, Netherlands and Austria, UK, Spain and Italy. Cowboy’s achievements include selling over 5,000 bikes in 2019 alone, 5 x year on year growth, 3,482,713 km ridden and 435,375 kgs saved in carbon emissions, and is creating a community of loyal fans.

Adrien Roose, Cowboy CEO, said: “The campaign has truly exceeded our expectations and we want to thank all of our investors so far. We at Cowboy have been inspired by seeing so many international investors back the campaign. Individuals from Australia, Thailand and South Africa are putting their faith in us, proving smarter and cleaner alternatives to mobility are resonating globally. With only five days to go we invite other investors to join us as we continue our journey to transform urban mobility in an intuitive, modern and stylish manner.”

Luke Lang, Co-founder and CMO, Crowdcube, says, “Cowboy has been a flagship campaign for Crowdcube, and it’s exciting to see how much the bikes have struck a chord with their community, and attracted new advocates globally. These gorgeous pieces of engineering have a very bright future ahead.”