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Growth finance for E-Scooter / E-Bike connectivity from Estonia.
FBG invested € 0,3mio together with friends in Estonia-based Comodule and its great team in 2018. The fresh money supports the strong growth of Comodule. 

Comodule is a leading supplier of connectivity-solutions for micro.mobility, e.g. E-Scooters, and bikes. The Business Model builds on Software-engineering, Hardware-design, Hardware-production as well as operations solutions.
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Revenues were > € 15mio in 2019 after € 3,5mio in 2018. The company is profitable.
Data & Facts
Company:
Comodule GmbH, Berlin
Comodule OÜ, Tallin,
Estland
Role FBG:
Participation in a Series A round
Initiator:
Private Founders
Timeline:
2018 - ongoing
Proposition:
Connectivity for E-Bikes and E-Scooters
KPI:
Revenue growth > 400% (2018)
Financing:
Growth finance - ca € 0,3mio in Equity
Investors:
Private
Exit:
Open
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