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TENWAYS

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A manufacturer and seller of eBikes and cycles that are affordable, easy to use, and eco-friendly

Amsterdam, NetherlandsFounded 2021Transportation
Valuation $100–250M Last recorded · 2023
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for TENWAYS and the history behind them.

About TENWAYS

TENWAYS is a company specializing in the design and manufacture of high-performance electric bikes (e-bikes) tailored for urban commuting and leisure activities. The company targets savvy riders who seek a combination of style, comfort, and advanced features in their e-bikes. Operating within the growing e-bike market, TENWAYS differentiates itself through its lightweight designs, quick charging capabilities, and a smooth, responsive riding experience that appeals to both casual riders and cycling enthusiasts.

TENWAYS employs a direct-to-consumer business model, selling its e-bikes through its website and offering flexible payment options via Klarna. This approach allows the company to maintain competitive pricing while including value-added services such as a 2-year warranty on core components and a 5-year warranty on the frame. Additionally, TENWAYS provides extended after-sales service, ensuring customer satisfaction even beyond the warranty period.

Revenue is generated primarily through the sale of e-bikes, with supplementary income from after-sales services and replacement parts. The company also incentivizes customer loyalty through a rider points program, which offers rewards for continued engagement.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
Amsterdam, Netherlands
Employees
83
Open positions
5
Dealroom signal
46.3/100
Industry
Transportation
Sub-industry
Vehicle Production
Sector
Transportation, E-Bike, Micromobility, Sustainable Development Goals, Urban Tech, Climate Tech, Electric Mobility, EV Manufacturing, Hard Tech
Business model
Manufacturing
Client focus
b2c

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Nov 2023 $28M $220M Luxshare Technology · Hillhouse Capital ↗
SERIES AOther financing Jan 2023 $44M $176M L Catterton ↗
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

TENWAYS website traffic

Latest recorded traffic for TENWAYS is 350K monthly website visits, down 14.6% over the last three months. TENWAYS's team grew 6.4% over the past year.

Latest monthly visits350K 3-month web change-14.6% 1-year team growth+6.4%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A8 investors entered at this stage

  • Tencent
  • Eastern Bell Venture Capital
  • Meridian Capital Asia
  • Cygnus Equity
  • Huaying Capital Management
  • L Catterton
  • Luxshare Technology
  • Hillhouse Capital
Employees 83 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
12 countries with
team presence
🇳🇱 Netherlands46.5%
🇨🇳 China15.5%
🇩🇪 Germany8.6%
🇬🇧 United Kingdom6.9%
🇮🇹 Italy5.2%
Top 5 of 12 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about TENWAYS on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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