Browne Jacobson’s national corporate tech lawyers have advised specialist e-mobility and cyclist insurtech business Laka on its USD12 million series A investment round which was led by US mobility investor Autotech Ventures.
Sustainable mobility and energy fund Ponooc (a Dutch, sustainable mobility investor with close ties to the world’s largest bike seller, Pon) and ABN AMRO Ventures also particpated, while existing investors including Creandum, LocalGlobe, 1818 Ventures and Elkstone Partners made follow on investments, with new angel investment coming from Zwift CEO and co-founder, Eric Min.
The cash injection will allow Laka to expand its operations across Europe and support its new retail partners based in Belgium, France and Germany. It will also support the business with its long-term ambitions to broaden out its product line to include e-scooters, e-mopeds and electric vehicles (EVs).
