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Picture credit: Roetz
Roetz, an Amsterdam-based round bicycle model, introduced that it has secured €1.8M in progress capital from Veth Investments and entrepreneurs Pim Claassen and Alexander van Citters.
Roetz says it can use the funds to speed up manufacturing to fulfill the rising demand for e-bikes. Additionally, the capital will allow the Dutch firm to organize for its first round e-bike that Roetz will launch this 12 months for manufacturing.
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Tiemen ter Hoeven, director of Roetz-Bikes, says, “Due to this funding, we can meet the quickly rising demand for our present merchandise. We may even use the funding to understand the launch of our new e-bike, which now we have been engaged on for the previous two years.”
He provides, “This e-bike combines a round design with a data-driven service idea, which can significantly cut back the entire value of possession for your complete cycle of use of the bicycle. With this, this distinctive product responds to the service issues of enormous fleet house owners, however the bicycle can also be fascinating for a large group of customers.”
Roetz: What it’s good to know
In accordance with the corporate, round 1M bicycles are discarded and left for waste within the Netherlands, whereas many components are nonetheless usable. Roetz was based in 2011, primarily to deal with this situation – the significance of sustainable and round bicycles.
Roetz makes bikes by re-working components and supplies which can be too good to be thrown away, thereby giving them a second life. The components are cleaned, repaired, and reassembled to new bikes within the manufacturing facility located in Amsterdam-Noord.
Final 12 months, the corporate launched a marketing campaign, “One Planet One Bike” to create consciousness concerning the cautious use of uncooked supplies and stopping waste streams by displaying how previous bicycles might be reused.
Relying on the kind of bicycle, the Dutch firm at present achieves 30 per cent to 80 per cent circularity in its bicycle manufacturing. The corporate has achieved 30 per cent circularity with its Roetz-Bikes and 70 per cent by re-working the OV-fiets bike fleet.
Roetz says not all components of the orphaned bicycles are reused. Just a few parts just like the metal lugged bicycle body and the entrance fork will probably be utilised, whereas different reusable components stream to workshops the place bicycles are repaired.
Supplies resembling stainless-steel, aluminium, rubber, and plastic are sorted in order that new streams of pure supplies are created, claims the corporate.
Buyers
Veth Investments is a non-public funding agency providing recommendation and capital, specializing in the optimisation and long-term sustainable progress of startups, scale-ups, and SMEs.
“In recent times now we have been in search of firms with merchandise that make an influence. Roetz has been doing this for a number of years now by giving new life to bicycles which can be on the finish of their cycle. However particularly the revolutionary design and idea that they are going to be launching in the marketplace this 12 months satisfied us to put money into Roetz,” says Erik Veth, CEO of Veth Investments.
“Roetz has an exquisite social enterprise idea that makes bicycles for the Dutch market round. This idea appealed to us as a result of it truly tackles issues available in the market and our society in a structural approach. We’re glad to contribute to the additional improvement of Roetz, bringing new distinctive services to the Dutch market and sooner or later in a number of European international locations. We’re relying on our information and experience to speed up Roetz,” provides Pim Claassen.
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