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Announced

Completed

A91 Partners and Fireside Ventures led a $30m Series A round in AlphaVector.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

Private Equity

Minority

Acquisition

Completed

Venture Capital

Single Bidder

Private

India

Recreational Vehicles and Boats

bicycle brand

Cross Border

Synopsis

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Investment firms A91 Partners and Fireside Ventures led a $30m Series A round in AlphaVector, a bicycle brand, with participation from Avaana Capital and Titan Capital. AlphaVector will use the new funding to invest in its manufacturing facilities in Gujarat. The company said it will also build its electric cycles portfolio and will look to expand into global markets.

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