Greyp Bikes public token offering raises €1 million

Greyp Bikes, a pioneer e-bike producer, has successfully raised more than €1 million after a successful public token offering was launched on 25 September.

Hundreds of retail investors have already verified their identity and signed up to enter our digitalized equity offering pre-sale with its 10 pct bonus. Plenty more being processed too. #GreypETO $GRP #connectedmobility pic.twitter.com/kt1wbrikGu

— Greyp Bikes 🚴‍♂️ (@GreypBikes) September 26, 2019

Greyp Bikes was created by Mate Rimac, who also founded Rimac Automobili back in 2009. Rimac Automobili is famous around the automotive industry for the development of some of the fastest cars on the market. 

Mate Rimac’s electric bike company is no less successful than Rimac Automobili. Greyp Bike introduces an innovative blend between engineering and digital technology, which results in futuristic bikes, powered by the latest digital developments. 

Aside from powerful lithium batteries, Greyp Bikes come equipped with a variety of extras, like built-in rear cameras, mobile internet connection. Not only that, but Greyp bikes developed a futuristic mobile app, which also allows users to use their phones as a detachable dashboard. 

Public token offering

Greyp Bikes’ success during the first two days after the public token offering is an inspiring phenomenon on the Croatian market. 

What attracted a large part of investors is the fact that for a €100 investment, anyone can become a shareholder in this up-and-coming enterprise. One of the most significant stakeholders in Greyp Bikes at the moment is Porsche. This benefit for investors was facilitated specifically through the introduction of the Greyp token with an Equity Token Offering (ETO).

The public introduction of the Greyp token was a strategic decision for the company, as crowdfunding is becoming a popular fundraising method. What further boosted the success of the public token offering was the ease of the process. Interested parties only have to submit their personal information for verification, and can then purchase Greyp tokens, without the need to go to a stockbroker.