Cowboy, the Brussels-based electric bike company, has closed a strategic funding round of €5 million as it continues to expand its market presence.
'A lot of our Asian-based suppliers are Taiwanese for historical reasons. We are growing the portion of our European suppliers continuously... half of our parts come from Asian ...' - Adrien Roose, CEO of Cowboy.
'We've been raising somewhere between €10 million and €20 million a year over the last few years... amount has gone down. Last year we raised €8 million in equity and €5 million of debt.' - Adrien Roose.
'Next year, he says, the company will turn a profit for the first time since its inception.' - Reflections on Cowboy's financial progress and future.
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