LONDON (BRAIN) Foldable bike brand Brompton received a 19-million-pound ($23.6 million) investment from BGF, an equity capital investment company based in the United Kingdom and Ireland.BGF said the investment allows it to take a minority stake in Brompton to support its goal to "create urban freedom for happier lives." A shared vision for sustainable growth for people and
Brompton Bicycle has agreed to sell a £19 million stake in the company after shareholders approved an investment from the Business Growth Fund (BGF), - BikeBiz
Brompton, maker of the iconic folding bike, has partnered with BGF, one of the largest and most experienced growth capital investors in the UK and Ireland, to further accelerate its growth.
CEO Will Butler-Adams cited the "need to move faster" with "the impact of climate change being felt by us all" and the greatest carbon emissions coming from cities