Dutch-based Fundracer BV has launched its first dedicated investment fund for disruptive micromobility.
Founded by bike industry entrepreneurs René Wiertz, Gérard Vroomen, and Andy Ording, Fundracer is on a mission to provide capital and hands-on support for mobility companies while generating healthy returns for investors.
Zag asked René Wiertz, former owner of 3T, and founding partner of Fundracer, what are some of the key criteria that they will be looking for from new mobility startups.
“At our core, we invest in people – visionaries with bright, original ideas and the tenacity to go the extra mile. We’re drawn to founders who are true believers in what they’re building, those eager to refine their concepts and embrace coaching. Our focus is on identifying the future leaders of the micro-mobility world, those poised to shape tomorrow’s landscape. While passion and innovation drive us, we remain committed to ensuring that our investments yield meaningful returns for our fund and its stakeholders.”
The company has already made significant investments in three innovators in this industry. These are bo Mobility which has developed a Tesla-inspired e-scooter recognised for its staple monocurve aluminium chassis; Newton Rider that’s designed a unique semi-soft helmet with linear protection; and a speed-pedelec company called Specter with an innovative 2-wheel drive system.
Fundracer will be raising money this year and next year to arrive at a total of 30 million euros in fund size.
McKinsey recently forecasted that the micromobility market is expected to be worth $520 billion by 2035 so Fundracer believes there is plenty of market to go at.
