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Cowboy

The e-bike designed from scratch, not retrofitted

Cowboy produces beautifully-designed and connected electric bicycles.

They are a product-first company, with a singular focus on designing outstanding hardware and software that make the riding experience ever so smooth.

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Their mission
Empower riders through mindful movement
Challenge
Deploying Electric Mobility
HQ
Brussels, Belgium

Their UVP

Cowboy designs connected electric bikes that make city riding simple and desirable. Integrated motor, app and theft protection remove the friction of ownership, giving riders a clean alternative to cars for everyday urban journeys.
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Grand challenge

Replacing car rides

45 %
of emissions from transport come from passenger trips, and 60% of those are under 5 miles (Our World in Data)
150M km
ridden on Cowboy bikes to date, replacing countless car trips (Cowboy)
4+
International design awards, including the Red Dot Design Award

In the long list of challenges that our cities and their inhabitants face, transportation ranks near the top.

Transportation is one of the largest emitters of greenhouse gases, contributing 14 to 22% of global CO2 emissions, and cars alone account for 40% of that. Project Drawdown estimates that new bicycle infrastructure and electric bikes together could reduce 3.9 to 10.7 GtCO2 between now and 2050. That is a far cry from what must be curbed to reach our climate goals, but cycling stays a powerful and accessible part of the carbon solutions system, potentially 10 to 20% of all alternative transport reductions.

Beyond carbon, the continued dominance of petrol and diesel cars carries serious public health costs. These include air pollution, now the fourth-largest killer in the world, and noise pollution, with 40% of the EU population exposed to road traffic noise above recommended levels, both linked to serious mental health challenges.

The deeper problem is that the car still wins on convenience for most short urban trips. Roughly 60% of car journeys are under five miles, exactly the distance where a bike should win, yet people stay in their cars because cycling feels slower, less safe, or simply less appealing. Closing that gap is less about proving the climate case, which is settled, than about building a ride people actively prefer.

That is where the opportunity sits. A bike that is genuinely faster, safer and more enjoyable than a car for the daily commute does not ask people to sacrifice for the planet; it makes the cleanest option the obvious one. Connected, well-designed electric bikes turn a moral argument into a practical choice, and that is what moves entire cities off four wheels and onto two.

Why did we invest?

A new mobility experience

Cowboy founders
FOUNDERS
Cowboy founder 1
Adrien Roose, CEO
Cowboy founder 2
Karim Slaoui, CTO, in memoriam
Cowboy founder 3
Tanguy Goretti, CPO

We had been looking for the e-bike brand that could make city riding genuinely better than driving. Cowboy stood out on product: connected bikes with integrated motor, app and theft protection, and the glowing reviews and high NPS that follow. Founders Adrien Roose, Karim Slaoui and Tanguy Goretti have built with obsessive focus since day one. That product DNA, in a category we believe replaces car trips at scale, is why we invested.

In October 2023, co-founder Karim Slaoui passed away at the age of 36, after living with a rare cancer first diagnosed in 2019. A civil engineer in applied mathematics, he was central to Cowboy from the start, and his conviction, to be optimistic and innovate, still runs through the company and the product he helped create.

That obsession with product has created a bike like no other, paired with a service layer that meaningfully expands an already outstanding cycling experience. It is only by signing up for a test ride that you fully feel the difference. Cowboy also places customer service at the core of the offering: with the push of a button, the support team is available for any question along the journey, accumulating five-star reviews across the board, while continuously adding user-forward services such as test rides, EasyRider insurance, and easy-to-book at-home repairs.

The result is a world-class product and a community of superfans: passionate, delighted cyclists across varied demographics who aggregate around several of Manfred Max-Neef's fundamental human needs, participation, recreation, creation, identity and freedom, and have become natural brand ambassadors. With more than 55,000 e-bikes sold and recommendations and referrals now driving a significant share of new customers, that community has become the company's strongest growth engine.

CO-INVESTORS
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