When was TENWAYS founded?

TENWAYS was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is TENWAYS located?

TENWAYS is headquartered in Amsterdam, Netherlands.

How many employees does TENWAYS have?

As of May 31, 2026, the latest employee count at TENWAYS is 83.

Is TENWAYS a funded company?

TENWAYS is a funded company, having raised a total of $43.9M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2021.

When was the latest funding round of TENWAYS?

TENWAYS's latest funding was a $***** Series B round on Nov 29, 2023, with participation from 4 investors.

Where does TENWAYS rank among its competitors?

TENWAYS ranks 3rd amongst 44 active competitors, of which 6 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was TENWAYS, which secured an undisclosed amount in Nov, 2023.

Who are the top competitors of TENWAYS?

TENWAYS's top competitors include VanMoof, Rad Power Bikes and Urban Arrow. Among them, TENWAYS secured the most recent funding round in November, 2023.

TENWAYS - 2026 Company Profile, Team, Funding & Competitors

Company Details

Manufacturers of electric bicycles. The company design and develops electric bicycles that include features like portable batteries, sporty/upright geometry, lightweight, etc. Customers can buy bicycles and other accessories through the platform.

Website: www.tenways.com/
Social
Email ID: *****@tenways.com
Phone Number: +31 **********

Key Metrics

Founded Year

2021

Location

Amsterdam, Netherlands

Stage

Series B

Total Funding

$43.9M in 4 rounds

Latest Funding Round

Series B, Nov 29, 2023, $*****

Investors

L Catterton & 8 more

Ranked

3^rd among 44 active competitors

Employee Count

83 as on May 31, 2026

Similar Companies

VanMoof & 1283 more

View TENWAYS's full profile

TENWAYS has raised a total funding of $43.9M over 4 rounds. Its first funding round was on 2021. Its latest funding round was a Series B round on Nov 29, 2023 for $*****. 4 investors participated in its latest round. TENWAYS has 9 institutional investors.

Here is the list of recent funding rounds of TENWAYS:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 29, 2023	8125302	Series B	5520787	8881141	8304743	1799663
Jan 09, 2023	3414333	Series A	8020650	2989566	5673479	8385464
Nov 15, 2022	9307940	Seed	9597016	9348963	Tencent	Hillhouse & 3 more

Access funding benchmarks and valuations. Sign up today!

View details of TENWAYS's funding rounds and investors

The founders of TENWAYS is Liang Xiaoling.

Here are the details of TENWAYS's key team members:

Liang Xiaoling: Founder of TENWAYS.

View details of TENWAYS's Founder profiles and Board Members

TENWAYS's employee count trend

TENWAYS has 83 employees as of May 26. Here is TENWAYS's employee count trend over the years:

Uncover TENWAYS's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of TENWAYS include VanMoof, Rad Power Bikes and Urban Arrow. Here is the list of Top 10 competitors of TENWAYS, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	VanMoof 2009, Amsterdam (Netherlands), Acquired	Manufacturer of electric bicycles	$200M	Norwest, Balderton Capital & 9 others	70/100
2nd	Rad Power Bikes 2007, Seattle (United States), Series D	Developer of electric bicycles	$329M	Fidelity Investments, The Rise Fund & 11 others	59/100
3rd	TENWAYS 2021, Amsterdam (Netherlands), Series B	Manufacturers of electric bicycles	$43.9M	Cygnus Equity, Tencent & 7 others	57/100
4th	Urban Arrow 2009, Amsterdam (Netherlands), Acquired	Electric cargo bikes	-	-	38/100
5th	Stella 2008, Nunspeet (Netherlands), Unfunded	Developer of eletric bicycles	-	-	37/100
6th	Ebike4Delivery 1998, Nijmegen (Netherlands), Acquired	Developer of customized electric bicycles for delivery companies	-	-	30/100
7th	Roetz 2011, Amsterdam (Netherlands), Seed	Developer of electric-bicycles	$1.87M	Veth Investments & 2 others	28/100
8th	Lacros 2009, Schijndel (Netherlands), Unfunded	Manufacturer of electric folding bicycles	-	-	27/100
9th	Amslod 2015, Meppel (Netherlands), Seed	Developer of electric bicycles	-	NewPort Capital	27/100
10th	Dolly Bikes 2012, Utrecht (Netherlands), Acquired	Developer of electric cargo bikes	-	-	26/100