Budget-focused electric bike maker set to go public with IPO
By Micah Toll
Published on March 1, 2026.
Electric bike maker Tenways has filed for a main board listing on the Hong Kong Stock Exchange, marking a significant milestone for the company. The company, which was founded in 2021, offers a more accessible price-oriented ride experience at a premium price in markets like the Netherlands and Belgium. It is backed by heavyweights including Hillhouse Ventures, Tencent, and Alibaba. Tenways' revenue rose from €48 million in 2023 to €61 million in 2024, with gross margins increasing above 30%. The company's CGO800S commuter model surpassed 50,000 units sold within four years, earning a German Design Award and helping to cement its brand recognition across Northern Europe.
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