Belgian ebike maker Cowboy has bagged €5mn as it looks to achieve full-year profitability next year — and not suffer the same fate as VanMoof. The funding round was led by Cypress Capital, a Hong Kong-based VC with strong ties to Taiwan, the global hub of bicycle manufacturing. “Cypress Capital is not just a financial investor — which is great to have as well, especially in this climate — but a strategic one,” Cowboy’s founder and CEO, Adrien Roose, told TNW. While Cowboy’s hyper-connected ebikes are assembled in Europe, it sources about half of its parts from Taiwan, Roose said.…
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