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Fundracer BV has announced the launch of its first micromobility fund with a mission to provide capital and hands-on support to companies poised to become leaders in the fast-growing micromobility industry.
Founded by bike entrepreneurs René Wiertz, Gérard Vroomen, and Andy Ording, Fundracer is positioned to support companies in this market to maximise their chances of success.
Fundracer thus aims to help shape future transportation trends and generate healthy returns for its investors.
Fundracer has already made significant investments in three disruptive innovators, Newton Rider, Bo and Specter.
Newton Rider is a helmet company aiming to increase helmet use in micromobility with comfortable, fashionable, and practical helmets.
Bo is renowned for producing one of the best-performing and best-looking e-scooters on the market.
Finally, Specter is a speed-pedelec brand with a unique two-wheel drive system and dedicated software for an improved riding experience.
Ording, who is the former owner of Zipp wheels and now co-founder of Fundracer, said: “I look forward to bringing our expertise to entrepreneurs in the industry, helping them bring more innovation to market and creating truly global winners.”
A recent McKinsey study found that the micromobility market is expected to grow three-fold in the next 10 years to $520 billion by 2035.
Vroomen, serial entrepreneur and founder of Cervélo, is also a founding partner of Fundracer.
Emphasising the fund’s focus, he states: “We are extremely selective in our targets and only invest in companies and markets where we can really make a difference with our expertise.
“We want to bring the smart money and maximise the success rate of the companies we invest in.”
The fund’s strategy is centred on delivering “exceptional value” to its portfolio companies, helping them navigate challenges, scale operations, and achieve global market leadership.
According to Wiertz, former owner of 3T, and founding partner of Fundracer a number of key leaders in the business community have already joined as strategic investors
“Most of our investors are also volunteering to support the start-ups we invest in with their knowledge, and in that way, we aim to create a full eco-system of support within the fund,” he adds.
“Our unique combination of industry knowledge, entrepreneurial experience, and passion for cycling positions us to identify and support the next generation of micromobility champions.
“Our investors recognize that after the investment boom and bust in the cycling industry, valuations have adjusted significantly, and therefore there is no better time to invest in this industry as right now.”
For more information, please visit www.fundracer.capital or contact:
René Wiertz
Founding Partner
Fundracer
Email: info@fundracer.capital
About Fundracer BV:
Fundracer BV is a Dutch-based investment fund founded by ex-cycling entrepreneurs René Wiertz, Gérard Vroomen, and Andy Ording. René Savelsberg, founder of SET Ventures with € 400 mio AUM is strategic advisor for the founders. The fund focuses on the micro mobility industry, aiming to generate strong returns for investors by providing capital and hands-on support to innovative companies. Fundracer seeks to create global leaders in the micro mobility segment by investing in disruptive players poised for growth and success.
