About TENWAYS
TENWAYS is a company based in Amsterdam (Netherlands) founded in 2021 by Liang Xiaoling.. TENWAYS has raised $43.86 million across 4 funding rounds from investors including Tencent, Meridian Capital and Lixun Precision Industry. TENWAYS offers products and services including CGO600, CGO009, AGO T, AGO X, and CARGO ONE. TENWAYS operates in a competitive market with competitors including VanMoof, Rad Power Bikes, Urban Arrow, Mokumono and Dutch ID, among others.
- Headquarter Amsterdam, Netherlands
- Founders Liang Xiaoling
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$43.86 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Tencent
& 8 more
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Employee Count
Employee Count
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Products & Services of TENWAYS
TENWAYS offers a comprehensive portfolio of products and services, including CGO600, CGO009, AGO T, AGO X, and CARGO ONE. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Lightweight urban e-bike for commuting with battery upgrades.
Smart e-bike featuring anti-theft protection and power-boost function.
Versatile e-bike for urban roads with mid-drive motor.
Urban all-rounder e-bike designed for efficient commuting.
Family hauler e-bike with large cargo box for transport.
Funding Insights of TENWAYS
TENWAYS has successfully raised a total of $43.86M across 4 strategic funding rounds. 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 Total Funding
- Total Rounds 4
- Last Round Last Round
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series B - TENWAYS | Valuation | L Catterton , Meridian Capital | |
| Jan, 2023 | Amount | Series A - TENWAYS | Valuation | L Catterton |
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| Nov, 2022 | Amount | Seed - TENWAYS | Valuation | Tencent |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TENWAYS
TENWAYS has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent, Meridian Capital and Lixun Precision Industry. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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L Catterton is recognized as a leading consumer-focused private equity group.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Global private equity investments are managed with long-term focus.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TENWAYS
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TENWAYS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tenways Comparisons
Competitors of TENWAYS
TENWAYS 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, Urban Arrow, Mokumono and Dutch ID, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric bicycles with integrated technology are manufactured by VanMoof.
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| domain | founded_year | HQ Location |
Developer of electric bicycles
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| domain | founded_year | HQ Location |
Electric cargo bikes are designed and developed by Urban Arrow.
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| domain | founded_year | HQ Location |
Light electric bicycles are manufactured for urban commuting.
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| domain | founded_year | HQ Location |
Dutch ID produces high-quality electric bikes for urban commuting and leisure activities.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tenways
Frequently Asked Questions about TENWAYS
When was TENWAYS founded?
TENWAYS was founded in 2021.
Where is TENWAYS located?
TENWAYS is headquartered in Amsterdam, Netherlands.
Is TENWAYS a funded company?
TENWAYS is a funded company, having raised a total of $43.86M across 4 funding rounds to date.
What does TENWAYS do?
TENWAYS was founded in 2021 and is based in Amsterdam, Netherlands. Electric bicycles are designed and developed by the company, incorporating features such as portable batteries, sporty or upright geometry, and lightweight construction. Bicycles and related accessories are offered for purchase through an online platform. Operations focus on the electric mobility sector, serving customers in Europe and beyond.
Who are the top competitors of TENWAYS?
TENWAYS's top competitors include VanMoof, Rad Power Bikes and Urban Arrow.
What products or services does TENWAYS offer?
TENWAYS offers CGO600, CGO009, AGO T, AGO X, and CARGO ONE.
Who are TENWAYS's investors?
TENWAYS has 9 investors. Key investors include Tencent, Meridian Capital, Lixun Precision Industry, L Catterton, and Meridian Capital.