Cowboy raised €23 million Series B from Exor Seeds, HCVC, Isomer Capital, Future Positive Capital and Index Ventures.

Cowboy, a Brussels-based e-bike company, announced the completion of a series B €23 million ($26.3M) capital investment raise.

The round was led by Exor Seeds, the early stage investment arm of Exor, controlling shareholder of Ferrari and FCA. HCVC, Isomer Capital, Future Positive Capital and Index Ventures also participated.

Money will be used to hire over 30 people in the next six months, scale operations, and expand its footprint across Europe through its ‘Test Ride’ and ‘Mobile Service’ networks

Cowboy, founded in 2017 by CEO Adrien Roose, Karim Slaoui and Tanguy Goretti, manufactures premium electric bikes which are sold directly to consumers around Europe. The company operates in Austria, Belgium, France, Germany, Italy, Luxembourg, The Netherlands, Spain, and the United Kingdom.