Fazua changes gears with $8m round

Mar 20, 2018 •

The electric bicycle drive manufacturer has been backed by Unternehmertum Venture Capital Partners.

Germany-based electric bicycle drive system maker Fazua has secured $8m from a consortium led by Unternehmertum Venture Capital Partners, the VC affiliate of Technical University Munich’s (TUM’s) tech transfer office.

The round featured public-private partnership High-Tech Gründerfonds (HTGF), Bavarian state-owned investment firm Bayern Kapital’s Wachstumsfonds Bayern and assorted angel investors.

Founded in 2013, Fazua manufactures the Evation drive for e-bikes, hybrid bicycles which switch between pedal power and an electric system. Evation aims to replicate a natural cycling experience in…

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