Classified Cycling has secured €22 million in funding led by Active Partners to accelerate product development, including in e-bikes, and expand its global presence in the cycling industry.

Target Information

Classified Cycling, headquartered in Belgium, specializes in developing advanced technology for the cycling sector. The company recently announced the successful closure of a €22 million funding round, which was led by Active Partners, known for their investments in prestigious cycling brands such as Rapha and Evans Cycles. Alongside the participation of existing investor Bridford Investments Limited, the funding round also attracted notable contributions from Olympic and World Champion cyclists, including Tom Boonen, Anna Van der Breggen, Andre Greipel, and Marcel Kittel. The raised funds are earmarked for accelerating product development, particularly in e-bikes, expanding the Classified workforce, and establishing new commercial and strategic partnerships worldwide.

Industry Overview

The cycling industry has witnessed significant growth over the past few years, driven by increasing health consciousness and sustainable transportation trends. However, despite this growth, technological advancements within the sector have lagged compared to the automotive industry. Notably, the components critical to power transfer, such as drivetrain and transmission systems, are experiencing a void where innovation is urgently needed.

Classified Cycling positions itself as a frontrunner in this niche by leveraging deep technical know-how to enhance the cycling experience for all users—from elite competitors t