LEMMO develops electric light‑mobility products centered on an "E+Bike" concept that blends traditional bicycle mechanics with electric assist, implemented via a Dual Mode Hub and a Smartpac battery system. Its first product, the Lemmo One, launched in 2023 and won the Red Dot 'best of the best' award. In Europe, Lemmo One's 2024 sales grew more than fivefold year-over-year and the product line has reached breakeven. The team includes founder Victor (TU Berlin), cofounder Daniel with deep European experience, and Frank Aldorf (joined 2023), previously CBO at Specialized and Canyon, supporting brand and innovation. LEMMO's stated vision is to become a representative of lightweight, electrified urban transport and to develop multiple speed platforms (walking, cycling, and light vehicle). Near-term plans focus on the E-bike product line, expanding the range, strengthening R&D and brand operations, and entering the U.S. market next year while targeting profitability and healthy cash flow this year.

Total raised

$10M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2024