Estonian e-bike brand Ampler has merged with the Kõu Mobility Group, as Kõu takes a majority stake in the bike-manufacturer. The two companies have signed an investment and share-swap agreement, with Kõu becoming the new 51% majority shareholder in Ampler, which will join other micromobility brands in the Kõu group, …
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Ampler has raised € 7.4 million in an equity round to support its expansion plans. The round was led by seasoned investors Taavet Hinrikus and Sten Tamkivi from Taavet+Sten and joined by top Estonian investors Metaplanet, Ambient Sound Investments and Ragnar Sass. It puts the company valuation at €47 million. …
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Ampler’s e-bike sales increased by 88% in the first five months of the year. The ongoing pandemic has undoubtedly played a significant role in the brand’s success in early 2020, but Ampler additionally credits its direct-to-consumer business model as a “robust” solution as various retailers closed throughout Europe. Ardo Kaurit, …
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