Aventon eBike label reportedly gains Sequoia Capital backing
November 11, 2022
The electric bike brand Aventon has reportedly drawn the interest and investment of Sequoia Capital’s Chinese arm.
For Aventon the investment reportedly takes the company’s valuation from $200 million eight months ago when China’s Gao Rong Capital invested to a post-investment valuation of $590 million, according to sources tapped by The Information. The amount invested has however not yet been made public knowledge. Cycling Industry