Cobi GmbH

Cobi GmbH is a technology company that enhances the eBike experience with innovative smartphone integration, offering features that improve safety and enjoyment during rides. Cobi GmbH, founded in 2014, is based in Frankfurt, Germany. The company specializes in technology solutions for eBikes. In September 2017, Cobi GmbH was acquired by Robert Bosch, with financial terms undisclosed.

The founder, Bagus Gunawan, has a history of entrepreneurial ventures. Cobi GmbH has completed 3 deals, with the latest funding round being a Series A round in which they raised EUR 6. 3 mn, led by Munich Venture Partners, bringing the total amount raised to EUR 6. 3 mn and a current company valuation of EUR 40.

656 mn. COBI. Bike specializes in enhancing the eBike experience through its flagship product, the COBI. Bike App, which integrates smartphones with eBikes.

This app provides intelligent assistance features aimed at improving safety, comfort, and enjoyment during rides. Users can control various smartphone applications directly from the handlebars, including navigation, fitness tracking, music streaming, and hands-free calling, thus ensuring seamless connectivity while cycling. The COBI. Bike System is designed to retrofit existing eBikes, securely mounting smartphones and offering compatibility with Bosch eBike displays like Intuvia and Nyon.

The target market primarily includes eBike users in Europe, North America, and select Asian markets, focusing on customers who value technology and outdoor activities. Regular software updates ensure that the app remains current and meets evolving user demands. In 2017, Cobi GmbH generated revenue of EUR 1,038,831. 80, with an EBITDA loss of EUR 1,405,763.

80 for the same year. The revenue model includes direct-to-consumer sales of the COBI. Bike app and associated hardware components, along with potential subscription services for enhanced user experience, such as premium features or data analytics. Customers can purchase the app through app stores and invest in complementary hardware, facilitating transactions through online platforms for both one-time fees and subscription plans.

Following the Series A funding round completed in September 2017, Cobi GmbH aims to leverage its resources for developing new products and expanding its market presence. The company is actively designing enhancements for the COBI. Bike app and plans to launch these updates within the upcoming year. Additionally, Cobi GmbH is exploring entry into new geographic markets, focusing on increased penetration in Europe and potential expansion into North American regions by 2020.

The funding will support product development and marketing efforts to achieve these objectives.