HiRide Suspension is an Italian startup established in 2017 with the support of e-Novia. The company's mission is to revolutionize cycling by incorporating advanced suspension control techniques from the automotive industry into bicycles, thus enhancing riding efficiency and safety across various terrains. HiRide specializes in designing, developing, and manufacturing cutting-edge smart active suspensions for different bike categories, including mountain bikes, gravel, and endurance branches. Their innovative technology enables real-time adaptation to maneuvers and road conditions, optimizing rider performance and bike stability. With a unique background in the automotive sector, the company has garnered substantial expertise in suspension design, dynamic algorithms, and control electronics. In December 2019, HiRide secured a significant €1.25M Convertible Note investment from e-Novia. Notably, the startup achieved a groundbreaking milestone by introducing electronic suspension on a road bike, a technological leap that has been embraced by professional cyclists participating in highly challenging races such as the Cobbled Classics. HiRide's relentless pursuit of excellence and its innovative approach make it a promising player at the intersection of Manufacturing and Transportation industries.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Convertible Note | €1.25M | 1 | e-Novia | 17 Dec 2019 |
Seed Round | €875.00K | 1 | e-Novia | 18 Jun 2018 |
Seed Round | €350.00K | - | 26 Apr 2017 |
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