Electric Bike Startup Cowboy Working With BofA to Raise Funding

Brussels-based electric bicycle startup Cowboy is seeking to raise a new round of financing, taking advantage of growing interest in cycling spurred by the coronavirus outbreak.

The company is talking to investors and targeting funding of more than $50 million, according to people familiar with the matter, who asked for anonymity because the discussions are private. Bank of America Corp. is advising Cowboy on the process, one of the people said.

Founder and CEO of Cowboy, Adrien Roose, at the company’s headquarters in Brussels.

Photographer: John Thys/AFP/Getty Images

E-bikes are seeing a surge in interest as pandemic fears of public transportation spur people to seek fresh air alternatives. Representatives of Cowboy and Bank of America declined ...