London’s GIN E-Bikes accelerates with €580k boost for hybrid production.

London-based GIN E-Bikes has raised €580k from venture capital syndicate Toloka.vc to enhance its production capabilities. The funding will be used to increase production and sales volume, with GIN E-Bikes aiming to produce 200 units per month by the end of 2024. The investment will also support the company’s expansion into the Polish and Ukrainian markets and the development of a cargo bike model for delivery drivers. Toloka.vc will join GIN E-Bikes’ board of directors as part of the agreement.