Blubrake, a deep tech company specialising in anti-lock braking systems (ABS) for e-bikes and light electric vehicles, has announced that it has completed a new round of investment that extends the capital increase closed in April, marking a further acceleration in its commercial development.
Following the €12 million investment led by Algebris Investments, Fundracer and Tri-Star Group, Blubrake secured an additional €2.5 million, led by Suprajit and Primo Capital through its Primo Climate fund. Growth Capital acted as financial advisor. . This extension provides the financial resources necessary to further promote the industrial growth of Blubrake’s ABS, enabling greater production capacity and faster market penetration.
Giusy Cannone, general partner at Primo Climate, said in a statement: “Blubrake is one of the most promising companies in the new mobility sector: its ABS technology has the potential to become a global standard in light vehicle safety. The company’s industrial model and its strong international outlook are key factors that guided our investment. We are proud to support a player destined to become a global benchmark in the sector.
Fabio Todeschini, founder and CEO of Blubrake, adds: “The entire Blubrake team is honoured to welcome Suprajit and Primo Capital. Our innovative ABS solution offers significant advantages over traditional systems, and we intend to roll it out globally.
“We are delighted to have acted as Blubrake’s exclusive financial advisor in the second tranche of its current round of international investment, bringing the total for the round to €14.5 million and consolidating our advisory support for the first tranche earlier this year,” said Fabio Mondini, founding partner of Growth Capital.
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