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Country: France

Manufacturer of luxury electric bikes founded by Marc Simoncini


Angell: Marc Simoncini is measuring the difficulty of entrepreneurship in the industry 04/09/2021

  • Angell, the French electric bike brand, has just raised 12 million euros from the Seb Group.
  • Nearly 1,500 pre-orders in 3 months
  • Its sales target was 3,000 in 2021, and is 10,000 in 2022
  • The company has already raised 20 million euros, and intends to carry out a further financing round by the end of 2022
  • To launch in Europe, you need around 60 million euros
  • In the meantime, the startup claims to have 2,000 bicycles in circulation, and is preparing its European expansion into 10 countries and 80 cities on the Old Continent

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