Modmo founder and CEO Jack O’Sullivan welcomed the closing of the seed funding spherical: “I spent the past 3-years in Vietnam focusing on product development and returned to Ireland in August to raise the capital we would need to ramp up production build a team in Dublin to focus on sales, marketing and support. We now have 10 people in the Dublin office and expect to reach 30 this year.”
Sean Mulryan mentioned: “The future cities will have transport sectors powered predominately by electrification. Electric bikes are already playing a role and are fast becoming one of the most popular modes of urban transport throughout Europe. A solution that has been proven to directly improve human health both mentally and physically while also helping to combat local combustion pollution. I fully support MODMO’s vision, and I am excited to contribute to making cities more clean, green, and enjoyable to live in.”
Modmo is presently delivering to eight European nations and plans to develop to North America with the opening of their first dealership in Vancouver BC, Canada in March. With Germany making up 85% of world gross sales, they’ve been creating an enormous servicing community which may now supply servicing wherever in the nation inside 48-hours.
Jack O’Sullivan concluded by saying: “The latest investment from Sean will greatly accelerate our goal of getting an ebike in every household in Europe.”
Modmo’s mission is to speed up the adoption of biking as a major mode of city transportation. They attempt to switch fossil fuels with inexperienced power, preserving the atmosphere, contributing to wash air initiatives, and aiding in the progress of a brand new, and more healthy world life-style. They hope that by 2025, every family will undertake e-mobility as their most popular technique of transit, and their intention, as a model, is to change into an trade chief in design, expertise, and top-of-the-line person expertise.
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SOURCE Modmo Technologies