A few months ago, an exciting new electric pedal car concept known as the Canyon Future Mobility Project was unveiled by the German cycling maker Canyon. At the moment, it felt like a far-off idea for the maker of high-end bicycles. But now it has been announced that a new funding round of nearly $1 billion could inject new life into the project.
The company’s most recent funding round is its biggest yet and is planned to be concluded in next year’s Q1. The Belgian investment group Groupe Bruxelles Lambert (GBL), known for its large investments in companies including Adidas and the liquor brands Absolut vodka and Glenlivet, entered the round.
A recumbent-style laid-back seating posture and stick steering are used for the pedal vehicle. To have maximum protection from the heat, it is fully sealed. For a smaller tandem passenger or for sealed cargo storage, there is also space in the rear.
A big 2,000 Wh battery rated for 150 km (93 miles) of range is used in the car, but Canyon says with a second battery the range can be doubled. And if you’re going to spend a lot of time at the 60 km/h (37 mph) peak speed of the concept, then the second battery might be a smart idea.
Video by: carltonreid
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