TENWAYS, a R&D and manufacturer of electric bicycles, completed its A-round financing of 300 million yuan on Jan 09. The A2 round was led by the consumer investment company L Catterton (Luwei Kaiteng). Tencent, Hillhouse, and Alibaba were the investors in the A1 round of financing. Previously, TENWAYS received an exclusive Pre-A round of investment from Hillhouse Ventures at the end of 2021. TENWAYS is a start-up company established in May 2021. In less than two years, there are many star-studded investment institutions behind it. There are not only industry giants like L Catterton (Luwei Kaiteng), but also front-line investors such as Hillhouse Capital and Huaying Capital. Institutions have also attracted big Internet companies such as Alibaba and Tencent to place bets. Not only is TENWAYS favored by capital, since 2022, at least three Chinese E-bike startups have completed a new round of financing. With labels such as "carbon neutrality + short-distance travel + consumer technology + smart hardware + going to sea", E-bike is obviously an investment hotspot that cannot be ignored. Relying on the Chinese supply chain, attacking the European and American markets TENWAYS is mainly committed to the research and development and production of high-quality E-bike. Compared with the traditional two-wheel travel mode, the E-bike with electric power assistance not only retains the sports fun of traditional riding, but also realizes the mixed output of manpower and power. , has the dual attributes of commuting and sports. Although TENWAYS was only established in May 2021, behind it is Trinidad, a bicycle company with a history of 32 years. In 2014, Liang Xiaoling, the founder of TENWAYS, became the general manager of Trinidad Group. Liang Xiaoling's keen Trinidad has made several major reforms, among which it proposed to develop the iVelos private customization platform and electric assist bicycles. In 2016, Liang Xiaoling officially explored the field of E-bike. At that time, Trinidad and Qingke reached a strategic cooperation to jointly launch the Trinidad X1E smart motorcycle. It is reported that the smart motorcycle is equipped with the VeloUP! Weixiu! smart power system developed by Qingke, with the torque sensor as the core, and the data from the torque, cadence and speed triple sensors are calculated in milliseconds through the automotive-grade Freescale chip. In this way, it can understand the user's riding intention and road conditions, and automatically output auxiliary power. In the second year, Trinidad successively launched the cutting-edge version of the smart motorcycle X1E, the lady bike Sella 2.0 and the folding bike Wanna 2.0, continuously expanding the E-bike product line. However, the domestic market is still dominated by electric vehicles for a long time, and it is difficult for E-bike to break through. However, Liang Xiaoling firmly believes that E-bike can change the way users travel. Since it is not easy to break through in Chin...
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