Hillhouse, an investment manager, led a $128m Series C funding round in VanMoof, a developer of urban e-bikes intended to help commuters get to work without breaking a sweat. Other investors include Gillian Tans, Norwest Venture Partners, Felix Capital, Balderton Capital, and TriplePoint Capital. “We’re reinventing, redesigning, and re-engineering every component of the bicycle. It’s never been done before and will change how a bike is made, sold, and serviced forever. It will help us get 10 million people on our bikes in the next five years and our investors share in our vision of a smarter and cleaner mobility future," Taco Carlier, VanMoof Co-Founder.