SmideDenso of Japan is leading a $20 million investment in the US-headquartered Bond Mobility which operates dockless e-bike share schemes in Switzerland. The investment in Bond Mobility is being shared with Ininvest. Bond Mobility – which does not yet have a website – is a rebranding of Smide, which does have a website. Smide’s bikes were developed with Stromer, founded in Switzerland by Thomas Binggeli in 2009. Smide“We think the speed e-bike is the apex predator and we have the opportunity to eat the under-six-mile-journey category,” McMaster told Business Insider.

Source: Forbes May 01, 2019 16:04 UTC