Recently, the E-bike brand TENWAYS closed its series A funding of RMB 300 million (≈ USD 44 million). Led by L Catterton, the world’s largest consumer private equity fund under French luxury giant LVMH, the funding will be used for product research and development, marketing, supply chain expansion, and team building.
TENWAYS received an exclusive Pre-A round of investment from GL Ventures at the end of 2021. In the two consecutive rounds of funding, A1 and A2, Meridian Capital was one of the investors in the A1 round.
TENWAYS was established in Guangzhou in May 2021, and its Eu …
