Press release
Paris, 19 July 2023
Levine Keszler advises the founders of JoKer Bike on their seed funding round
Founded in 2019 by Jordan Suchet and Kervin Castanhola, JoKer Bike has developed a product that transforms any bike into a cargo bike.
JoKer Bike has opened its capital to the industrial company Ferriol-Matrat, located in the Loire region, and to a local business angel, who are contributing approximately €375,000. The fundraising is supplemented by non-dilutive financing from BPI France and a banking pool for a total amount of €750,000.
JoKer Bike generated €300,000 in revenue in 2022 thanks to a customer base of bicycle manufacturers (60%), who integrate the equipment directly into their industrial chain, and bicycle shops. With this fundraising, the company plans to achieve a turnover of €1 million in 2024 and is now also targeting foreign markets, particularly the more mature ones: the Netherlands, Norway and Germany. It is also working on the design of new equipment that will be installed on the rear of the frames.
JoKer Bike’s advisor: Levine Keszler (Benjamin Briand)
The full press release is available in the attached file(fr).
