French Group Forming Electric Bike Venture Capital Fund
LYON, France - Venture Capital is still relatively unknown in the bicycle industry. This is about to change with new Vélo Capital Partners. Venture Capital can offer an attractive way to fund innovative new concepts, products and services like in many other industries.
Vélo Capital Partners (VCP) is based in Lyon, France. VCP is currently entering the fundraising stage for its Innovation Fund 1.0 which will be approximately between €50 – 100.0 million in size. VCP’s Innovation Fund 1.0 will invest in innovative new concepts, products and services in Europe, North America and Asia/Pacific. VCP is looking to complete the first closing of the fund by Q4:12 or Q1:13.
VCP’s Team Leader Patrick Keating believes the time is right for such a fund. “The global bicycle industry has always been driven by innovation”, says Keating. “While many innovations were created by entrepreneurs the capital usually came from their own resources or friends and family.”
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