Blubrake has announced a new investment round extending the capital increase closed in April. The deep-tech company specializes in anti-lock braking solutions (ABS) for e-bikes and light electric vehicles. This latest funding brings the total amount raised to €14.5 million.
Highlights
- Total funding now reaches €14.5 million following the April round.
- New investors include Suprajit and Primo Capital.
- Capital supports industrial scale-up and production capacity.
Investment Overview
This extension follows a previous €12 million investment. That round was led by Algebris Investments, Fundracer, and Tri-Star Group. The new €2.5 million injection is led by Suprajit and Primo Capital through its Primo Climate fund.
Growth Capital served as the financial advisor for the transaction. Deloitte Legal provided counsel as the legal advisor.
Strategic Objectives
The additional financial resources will support specific operational goals. Blubrake aims to advance the industrial scale-up of its ABS technology.
Key objectives include enabling greater production capacity. The funding also facilitates faster market deployment of their safety systems.
Executive Commentary
Giusy Cannone, General Partner of Primo Climate, noted the potential of Blubrake’s technology to become a global standard. She highlighted the company’s industrial model and international outlook as key investment drivers.
Fabio Todeschini, Founder & CEO of Blubrake, welcomed the new partners. He emphasized the advantages of their innovative ABS solution over traditional systems. The company intends to use this support to scale globally.
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