Lauren FallertVerde PR & Consulting
TAIPEI, TAIWAN — September 18, 2013 — Urban transport specialist,
Tern, today announced that it has closed a US$4.3 million round of
investment from private investors. The funds will be used to
accelerate global expansion as well as to ramp up investments in
“We’re only two years old and we’ve grown pretty quickly,” stated
Joshua Hon, Tern vice president. “This round of funding lets us
continue to invest in all of the critical parts of our operation as we
establish the brand in markets around the world. Our investors also
bring some great synergies and expertise to our team. We’re proud,
but also humbled, that our investors have this confidence in us and
our mission of sustainable transport.”
Tern is a privately held company that specializes in bicycles and
accessories for urban transport. Tern is headquartered in Taiwan
with offices in the US, China, Finland, and the UK. Just over two
years old, the company has won seven international design awards
and a host of consumer awards for its line of bikes and technology.
Tern products are presently sold in 59 countries.
Tern will be displaying its product lineup, including new bikes for
2014, at Interbike in booth 5057 and at Demo Day at booth D2057.