13. January 2022

New Investment for Nordic Eye Fund II

The iconic Danish e-bike company, MATE., is now in the portfolio of Nordic Eye. MATE. has since 2016 proved its ability to revolutionize the world market with its innovative and prestigious e-bikes.

We have followed MATE. for almost two years and believe MATE. now is ready to scale even further. In the years to come, we will, together
with the board, a strong management team and the co-owners, be on an international expansion journey from which we expect a lot.

We are happy and proud to be part of the ownership of MATE. and be an active participant in the further international expansion journey. MATE. is an exciting company with a fantastic brand, which we at Nordic Eye have followed closely and for a long time. With the extra infusion of capital and new forces in management, we see good opportunities for MATE. to unleash an obviously great potential on the global stage.