The FAZUA GmbH – development and sales company of the evation drive for e-bikes – has successfully completed its Series A financing round. In addition to the existing shareholders High-Tech Gründerfonds (HTGF), Bayern Kapital and a private investor, two new private investors from BayStartUP Business Angel Network provided the company with a seven-figure euro amount.
Series development is nearing completion
The funding will be used to complete series development. The available funds will enable the construction of optimized prototypes, extensive qualification of the drive system to determine quality, the production of series tools, and the start of series production. At the same time, potential customer relationships can be intensified during the development phase to acquire lead users.
Market needs are met
The drive system's key added values in terms of design, weight, and flexibility meet market needs and are expected to have a significant impact on the market structure. Both sporty and urban concepts are being considered by the first interested customers.
