We’re pleased to share that Growth Capital served as exclusive financial advisor to Blubrake on the second tranche of its current investment round, bringing the round total to €14.5 million and building on Growth Capital’s advisory support for the first tranche earlier this year.
Blubrake is a DeepTech company that develops cutting-edge anti-lock braking system (ABS) technology for e-bikes, enhancing safety and performance with seamless integration for original equipment manufacturers worldwide.
The extension was led by Suprajit, a listed Indian company and the world's largest corporation in the two-wheeler cable market, alongside Italian investor Primo Capital through its Primo Climate fund.
These new investors join Algebris Investments, an independent global asset manager, Fundracer B.V., a Dutch micro-mobility investment fund, and Tri Star Group, a Singaporean contract manufacturer with factories in several countries, who each participated in the first tranche in April. Fundracer B.V. also took part in the round extension.
Fabio Todeschini, Founder & CEO of Blubrake, comments: “The entire Blubrake team is honored to welcome Suprajit and Primo Capital. Our innovative ABS solution offers significant advantages over traditional systems, and we intend to scale it globally."
This extension provides the financial resources required to further advance Blubrake’s ABS industrial scale-up, enabling greater production capacity and faster market deployment.
