About MATE
MATE is a company based in Copenhagen (Denmark) founded in 2016 by Christian Adel Michael and Julie Kronstrom Carton. MATE has raised $40.59 million across 4 funding rounds from investors including Nordic Eye, Mirabaud AM and Marcy Venture Partners. MATE offers products and services including MATE X EVO, MATE Fusion, MATE X, MATE City, and MATE MINI. MATE operates in a competitive market with competitors including VanMoof, Rad Power Bikes, Cowboy, Urtopia and EMotorad, among others.
- Total Equity Funding$40.59M (USD)
in 4 rounds
- Latest Funding Round$24M (USD), Series C
Jun 2022
- InvestorsNordic Eye
& 2 more
Products & Services of MATE
MATE offers a comprehensive portfolio of products and services, including MATE X EVO, MATE Fusion, MATE X, MATE City, and MATE MINI.
Powerful e-bike for city streets and trails with 120 km range.
Energized e-bike for everyday rides with 80 km battery range.
Fat-tire e-bike for stability on various roads with 80 km range.
Agile e-bike for urban commuting with 80 km range and lightweight design.
Balance bike for children aged 2-4 with magnesium frame.
Apps and channels of MATE
its YouTube channel MATE. has 456 subscribers and 25 videos.
Videos from MATE
The most watched videos on MATE's YouTube channel, MATE. (456 subscribers). Click a video to play it here.
More on MATE..
Funding Insights of MATE
MATE has successfully raised a total of $40.59M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $24 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $40.59M
- Total Rounds 4
- Last Round Series C — $24M
- First Round $2.49M
(Jul 2020)
- Investors Count 3
All 4 funding rounds of MATE with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $24M | Series C | – | – | – |
| Jan 2022 | $14.1M | Series B | – | Nordic Eye | |
| May 2021 | – | Series A | – | Marcy Venture Partners | – |
| Jul 2020 | $2.49M | Seed | – | – | – |
3 investors in total: 3 institutional.
Investors in MATE
MATE has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Nordic Eye, Mirabaud AM and Marcy Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early & growth stage VC firm investing in the US & France | – | nordiceye.com | Copenhagen, Denmark | |
Venture capital firm investing in consumer businesses | – | marcyvp.com | San Francisco, United States | |
Provides active investment strategies across equities, fixed income, and private assets globally. | 1819 | mirabaud-am.com | Geneva, Switzerland |
Investor details for MATE
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of MATE
7 people are tracked at MATE (5 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Christian Adel Michael | Co-Founder & CVO | Leadership |
Julie Kronstrom Carton | Co-Founder | Leadership |
Thomas Vulliez | CEO | Leadership |
Kaarthik Subramani | CEO | Leadership |
Lara Puglisi | B2b Partner Manager | Leadership |
Max Nørgaard | Finance Manager | Team |
Bernadett Honvéd | Office Manager | Team |
Complete people profiles for MATE
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of MATE
3 dated milestones of MATE across 6 years, from founding to its latest funding, stage changes and deals.
- Founded MATE is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Series C, of $24.0M.
Competitors of MATE
MATE operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VanMoof, Rad Power Bikes, Cowboy, Urtopia and EMotorad, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vanmoof.com | 2009 | Amsterdam, Netherlands | $186.25M | – | Electric bicycles with integrated technology are manufactured by VanMoof. | |
| radpowerbikes.com | 2007 | Seattle, United States | $329M | 542 | Developer of electric bicycles | |
| cowboy.com | 2017 | Brussels, Belgium | $142.62M | 63 | Electric bicycles with integrated batteries and displays are developed. | |
| newurtopia.com | 2021 | Wan Chai, China | $10M | – | Electric bicycles are developed and manufactured by Urtopia. | |
| emotorad.com | 2020 | Pune, India | $28.17M | 197 | Electric bicycles and e-bikes are offered via an online platform. | |
| tenways.com | 2021 | Amsterdam, Netherlands | $43.86M | – | Electric bicycles are designed and manufactured by TENWAYS. | |
| angellmobility.com | 2018 | France | $35.59M | – | Electric bicycles are manufactured and developed in France by Angell. | |
| gocycle.com | 2002 | London, United Kingdom | $500,000 | – | Folding electric bikes with automotive-inspired design and technology are manufactured. |
Detailed competitors of MATE
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of MATE
The website of MATE (mate.bike) receives about 18.2K visits a month.
- Monthly visits18.2K
▼ 27.2% vs previous month
Websites whose visitors overlap most with MATE. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
designcykler.dk | designcykler.dk | 100% | – | #460,119 | – |
fatdaddy.dk | fatdaddy.dk | 36% | – | #4,282,885 | – |
Latest news on Mate
Complete news archive for MATE
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to MATE
10 companies that operate in the same segment as MATE (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about MATE
MATE was founded in 2016 and raised its 1st funding round 4 years after it was founded.
MATE is headquartered in Copenhagen, Denmark.
Thomas Vulliez is the current CEO of MATE.
MATE is a funded company, having raised a total of $40.59M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.49M, raised on Jul 2020.
MATE was founded in 2016 in Copenhagen, Denmark, focusing on the electric mobility sector. Various models, such as Mate X and Mate City, are produced with features including 48V batteries, disc brakes, 8-gear systems, and multiple color options. Operations center on innovative bicycle designs for urban use, led by co-founders Christian Adel Michael as CVO and Julie Kronstrom Carton, alongside CEO Thomas Vulliez.
MATE's top competitors include VanMoof, Rad Power Bikes and Cowboy.
MATE offers MATE X EVO, MATE Fusion, MATE X, MATE City, and MATE MINI.
MATE has 3 investors. Key investors include Nordic Eye, Mirabaud AM, and Marcy Venture Partners.
MATE operates through Mate.Bike International Aps.