MATE is a Danish e-bike brand that designs and markets high-end, fashion-forward electric bicycles sold via crowdfunding and retail channels. Founders Christian Adel Michael and Julie Kronstrøm Carton launched their first MATE e-bike on Indiegogo in 2016, raising €5.8m in its first closing, and later broke European crowdfunding records with the MATE X campaign that raised approximately €15m in 2019. The company says it has sold tens of thousands of e-bikes, operates in more than 50 markets, opened flagship stores in Copenhagen and Tokyo, and works with 15 partners worldwide to grow retail sales. MATE emphasizes brand, design collaborations and a loyal community of users as core assets while positioning products at the intersection of fashion and mobility. The recent multi-million euro investment from Mirabaud’s MLII is intended to fuel growth, strengthen brand and product development, expand distribution and operations, and support an anticipated new model launch in Q3 2021.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2021