Walless has advised Estonian electric bikes developer Ampler Bikes on a EUR 7.4 million investment round.
The investment round was led by Taavet Hinrikus and Sten Tamkivi from Taavet+Sten, joined by Metaplanet, Ambient Sound Investments, and Ragnar Sass. The company's value was estimated to be EUR 47 million.
According to Walless, Ampler will use the capital to expand its business, including opening a new carbon-neutral factory, with an assembly capacity of at least 100,000 bikes a year, and opening new showrooms and service centers in the Netherlands and Switzerland.
Launched in 2016, Ampler Bikes designs, produces, and sells e-bikes in Europe. The company has showrooms in Berlin, Cologne, Amsterdam, Zurich, and Tallinn.
The Walless team included Partner Andres Siigur, Senior Associates Kaisa Uksik and Edgar-Kaj Velbri, and Associate Kaisa Saarmann.
Walless did not respond to our inquiry on the matter.