WALLESS Advised Ampler Bikes on EUR 7.4 Million Investment Round
2021 11 03
WALLESS advised Ampler Bikes, an Estonian direct to consumer brand that produces and sells light e-bikes, on a EUR 7.4 million investment round. The round, which valued the company to EUR 47 million, was led by Taavet Hinrikus and Sten Tamkivi from Taavet+Sten, joined by Metaplanet, Ambient Sound Investments and Ragnar Sass.
Ampler will use the capital to expand its business. The expansion plans include opening a new carbon neutral factory, with the assembly capacity of at least 100,000 bikes a year and opening new showrooms and service centers in the Netherlands and Switzerland.
WALLESS team included partner Andres Siigur, senior associates Kaisa Üksik and Edgar-Kaj Velbri and associate Kaisa Saarmann.