Forest, cofounded by Agustín Guilisasti, completed a 54 million dollar series B funding round led by Chinese manufacturer Okay.
Forest has established itself as one of the two leading ebike companies in the London market. The Chilean mobility startup announced the capital raise a few weeks ago.
The funding included participation from Chile's seven main family offices. Okay, the Chinese bicycle manufacturer, led the round.
Guilisasti, cofounder and CEO of Forest, discussed the company's growth in the British capital. The capital will support expansion in the electric mobility segment.