coModule
Latest round
- Seed
Last raised
- Jun 2015
Total raised
- $0.6M
Investors
- 1
About coModule
Founded in 2014 in Berlin, Germany, coModule focuses on IoT solutions for the e-bike industry. The company was co-founded by Teet Praks and Welix Klaas.coModule is a leading provider of Internet of Things (IoT) solutions specifically designed for e-bikes. The company offers a comprehensive suite of connectivity services that enable real-time tracking, smart security features, and enhanced user experiences for both e-bike manufacturers and consumers. coModule's flagship products include a cloud-based platform that integrates seamlessly with various e-systems and hardware components, allowing for functionalities such as remote diagnostics and over-the-air software updates. These solutions are particularly aimed at improving the safety and convenience of e-bike usage, addressing prevalent issues like vehicle theft and maintenance.coModule's revenue model primarily revolves around B2B partnerships with e-bike manufacturers and rental fleet operators. The company generates income through the sale of its IoT hardware and subscription-based access to its cloud platform, which provides continuous connectivity and updates for end users. Transactions typically involve agreements wherein manufacturers purchase coModule's devices to integrate into their e-bikes, while rental services pay a subscription fee for ongoing access to real-time data and support. Specific pricing structures for these services reflect the custom nature of the solutions, catering to the unique needs of each client and their respective market. The company plans to expand its product offerings with new IoT devices designed for enhanced e-bike functionalities and aims to penetrate additional markets in Europe and North America by 2023.
Who invested in coModule
1 investor across 1 round
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Funding rounds
Seed
Jun 29, 2015
Amount
$0.6M
Investors
Questions about coModule
Who invested in coModule?
coModule has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has coModule raised?
coModule has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did coModule last raise money?
coModule's most recent round on record is a Seed, in Jun 2015.
What does coModule do?
Founded in 2014 in Berlin, Germany, coModule focuses on IoT solutions for the e-bike industry.
Where is coModule headquartered?
coModule is headquartered in Berlin, Germany.
Which VCs invest in companies like coModule?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at coModule's stage. Their profiles are linked below.
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