THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. *Contract values are pursuant to non-binding letters of intent, not commercial contracts.ĪN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. The company will actively market Powered by Piestro to franchisees, with the goal of deploying up to 500+ units across Canada. The commercial franchise partnership, valued at approximately $50M, represents a critical prong in CRG's ambitions to scale. Piestro and Carbone Restaurant Group (CRG) are partnering to expand the footprint of the CRG pizza franchise, one of Canada’s fastest-growing pizza brands. We can’t wait for customers everywhere to access 800 Degrees’ craveable artisan pizza 24 hours a day, 7 days a week. The global chain aims to expand its footprint with a projected 3,600 Piestro units over the next five years, which would represent a commercial value of over $530M. He returned to Vietnam in 2018, then set up Dat Bike while seeing a market trend in using electric motorbikes to cut the amount of gasoline used.Piestro has already signed commercial agreements with two incredible brands that are taking the company global!*Ĩ00 Degrees Pizza, the international pizza brand by renowned chef Anthony Carron, is ready to bring artisan pizza to the future through a partnership with Piestro. Software engineer Nguyen Ba Canh Son started learning how to build bikes from small parts while working in Silicon Valley in the U.S. The super-fast charging station called Dat Charge is located at the Research and Technology Transfer Center (SiHUB), 273 Dien Bien Phu street, District 3, HCMC. In August, Dat Bike put into operation its first 20-minute charging station, allowing a travel distance of 100 kilometers. In April last year, Dat Bike raised $2.6 million in pre-Series A funding led by Jungle Ventures, with participation from Wavemaker Partners, Hustle Fund, and iSeed Ventures. Venture capital firms Jungle Ventures and Wavemaker Partners are returning investors. In April, Dat Bike has raised a $5.3 million Series A led by Jungle Ventures with participation from Wavemaker Partners. The electric motorcycle maker currently has three stores in HCMC, Hanoi and Danang and plans to open more in Quang Ninh province, Hai Phong city, Nha Trang town, Binh Duong province and Can Tho city. The latest funding put the Ho Chi Minh City-based manufacturer’s total raised capital at $16.5 million since establishment in 2019.ĭat Bike plans to use the new investment to develop, upgrade technology and products, recruit more sales, customer care and R&D personnel to handle rapidly growing orders, at the same time investing in expanding its factory's production scale. Vietnamese start-up Dat Bike has raised $8 million led by Jungle Ventures with participation from GSR Ventures, Delivery Hero Ventures, Wavemaker Partners and Innoven Capital, the electric motorcycle maker said Thursday.
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