Blubrake, an Italian e-mobility company that’s developed a safe anti-lock braking system (ABS) for electric bikes, has secured $6 million in Series A funding from e-Novia, the deep tech startup factory where Blubrake was founded.
Other backers include Progress Tech Transfer, a VC fund for sustainable technologies, as well as some private investors: Andrea Perin, Managing Director at Banca Finint, and Michele Scannavini, President at Italian Trade Agency and at e-Novia.
ABS makes for a safer cycling experience: the front wheel won’t lock up and the bike won’t flip over. Instead the rider stays more stable, with more freedom to move, while using the brakes.
Two things make Blubrake’s solution unique: the technology for actually reducing the bike’s speed is patented and derives from Formula 1 and motorcycle racing experience, and it can be fully integrated into the bike frame. This makes it suitable for any line of e-bikes or e-cargo bikes. Plus, the startup adds, some global manufacturers have already chosen the system, including the Swedish company Crescent and the German maker Bulls.Read the full article