Tern Completes US$4.3 Million Investment Round

Media Contact:
Lauren FallertVerde PR & Consulting
Email: lfallert@verdepr.com
Tel: +1-303-955-2357

TAIPEI, TAIWAN — September 18, 2013 — Urban transport specialist,

Tern, today announced that it has closed a US$4.3 million round of

investment from private investors. The funds will be used to

accelerate global expansion as well as to ramp up investments in

product development.

“We’re only two years old and we’ve grown pretty quickly,” stated

Joshua Hon, Tern vice president. “This round of funding lets us

continue to invest in all of the critical parts of our operation as we

establish the brand in markets around the world. Our investors also

bring some great synergies and expertise to our team. We’re proud,

but also humbled, that our investors have this confidence in us and

our mission of sustainable transport.”

Tern is a privately held company that specializes in bicycles and

accessories for urban transport. Tern is headquartered in Taiwan

with offices in the US, China, Finland, and the UK. Just over two

years old, the company has won seven international design awards

and a host of consumer awards for its line of bikes and technology.

Tern products are presently sold in 59 countries.

Tern will be displaying its product lineup, including new bikes for

2014, at Interbike in booth 5057 and at Demo Day at booth D2057.