It will use the fund to kickstart deliveries of the newly launched Rorr electric bike and fulfill the existing orderbook in addition to increasing production capacity and enhancing distribution network
The retail technology company will utilise the funds to acquire long-term licenses of international fashion and lifestyle brands and expand company’s proprietary technology stack
The acquisition comes after the recent financial difficulties faced by GoMechanic. The board and shareholders with support from Stride Ventures initiated the sale process to ensure the continuity of GoMechanic's business
