Blubrake Secures €12 Million to Drive ABS Adoption in E-Bikes from Algebris Investments, Fundracer BV and Tri-Star

Blubrake has secured €12 million in a round co-led by Algebris Climatech, Fundracer BV and Tri-Star to scale production and drive mass adoption of its ABS for e-bikes and light electric vehicles.

Milan, 2 April 2025 – Blubrake, a leading company in the Anti-lock Braking Systems (ABS) for e-bikes and light electric vehicles, has secured €12 million in funding to accelerate its growth. The round was co-led by Algebris Climatech, Algebris Investments’ first venture capital fund, Fundracer BV, a leading micro-mobility investment fund, and Tri-Star group, an international automotive-grade bike components supplier to support scaling production. Blubrake was supported by Growth Capital, tech investment bank in the VC industry, as financial advisor of the transaction. Algebris investments has been supported by Deloitte Legal with a team coordinated by Ubaldo Messia and Alexia Falco on the due diligence, deal structuring and negotiation.

Founded in 2015, Blubrake subsequently introduced its anti-lock braking system (ABS) technology in 2018. It is now driving mass adoption of this product as a critical safety feature for e-bikes and light electric vehicles. With its competitively priced, next generation ABS, the company enables original equipment manufacturers (OEMs) to enhance braking performance, improve rider safety, and differentiate their products in an increasingly competitive market.

“We are thrilled to welcome Algebris, Fundracer BV and Tri-Star as investors in this new exciting chapter of Blubrake’s journey,” said Fabio Todeschini, Founder of Blubrake. “We believe ABS will soon be a standard in all new e-bikes, and this funding validates our vision and growth potential.”

As e-bike adoption accelerates, integrating advanced safety technologies is essential to meet customer demand. ABS is already standard for motorbikes and cars, and e-bikes must follow suit to offer superior performance and reliability to daily commuters, logistics companies and sport enthusiasts.

“The market is ready for mass adoption of Blubrake’s ABS,” said René Wiertz, Founder of Fundracer BV. “At Fundracer, we focus on making cycling safer, and Blubrake delivers on this promise. We will leverage our industry expertise to support its global growth.”

Alessandro Santo, Managing Partner of Algebris Climatech, added, “Blubrake’s deep-tech innovation aligns perfectly with our mission to support innovation that creates a lasting impact on the world. With the rapid increase in e-bike adoption, we recognise the significant opportunity to revolutionise urban mobility and reduce individual carbon footprint. Algebris Climatech aims to establish itself as an international venture capital platform that is not only founder friendly but also dedicated to nurturing the hyper-growth of European businesses.”

“Blubrake’s distinctive technology and the founder’s strong entrepreneurial vision stand out in the industry,” said Marco Meoni, Vice President at Growth Capital. “We are confident that the company will play a key role in setting new standards for safety and innovation in the new wave of e-bikes.”

Blubrake’s ABS is already integrated into leading OEM models, with demand projected to outpace supply through 2025 and 2026. This funding will enable the company to scale operations, expand production, and solidify its leadership in e-bike safety.

Algebris Investments

Algebris Investments is an independent global asset manager, founded by Davide Serra in 2006. Financials have been at the core of its expertise since inception, spanning across credit, equity and private debt. Over the years, the firm has widened its capabilities to global credit and global equity, including Italian equity. On the private investments side, the firm supports the transition to a greener and more sustainable economy, via its private equity solutions.

As a specialist asset manager, Algebris’ focused and thematic approach has been the cornerstone of its strategies. As of December 31, 2024, Algebris manages approximately €28 billion in assets, with a global team of over 175 professionals across offices in London, Milan, Rome, Zurich, Dublin, Boston, Singapore, and Tokyo.

For further information, please contact:
algebris@edelmansmithfield.com

About Blubrake

Blubrake develops cutting-edge ABS technology for e-bikes, enhancing safety and performance with seamless integration for OEMs worldwide.

About Fundracer BV

Fundracer BV invests in innovative micro-mobility startups, focusing on safety, zero emissions, and performance to build global leaders in sustainable mobility.

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