NZ's Ubco raises $3.95 million to power electric farm bike

Fri, 19 May 2017

By Rebecca Howard May 19 (BusinessDesk) - Ubco, a New Zealand tech company that has designed an electric farm bike, successfully raised $3.95 million in funding in the US, Australia and New Zealand. US investors Bob and Ethan Ralston and US expansion and acquisition company Spring Capital invested US$1 million in the company and then Ubco raised a further $2.5 million from New Zealand and Australian investors. Ubco has formed a distribution company UBCO US LLC, based in Oregon. Bob Ralston will now join the Ubco board while Ethan Ralston...

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