Cowboy has secured more than £3.8 million funding on Crowdcube.

The electric bike company has hit an impressive £3.8 million with a day to go in its crowdfunding campaign – more than 300 per cent of its £1.2m target.

The public can invest via Crowdcube for as little as £17, with just over £1,000 being the average investment to date.

Adrien Roose, Cowboy CEO, said: “The campaign has truly exceeded our expectations and we want to thank all of our investors so far.

“We at Cowboy have been inspired by seeing so many international investors back the campaign. Individuals from Australia, Thailand and South Africa are putting their faith in us, proving smarter and cleaner alternatives to mobility are resonating globally.

“With only five days to go we invite other investors to join us as we continue our journey to transform urban mobility in an intuitive, modern and stylish manner.”

Luke Lang, co-founder and CMO at Crowdcube, said: “Cowboy has been a flagship campaign for Crowdcube, and it’s exciting to see how much the bikes have struck a chord with their community, and attracted new advocates globally.

“These gorgeous pieces of engineering have a very bright future ahead.”

Cowboy was founded in Brussels in 2017 and to date has raised €13.2m from international investors including Index Ventures, Tiger Global and Hardware Club.

It quickly sold out its entire stock of bikes in Belgium last year. This year, the company expanded into Germany, France, Netherlands and Austria, UK, Spain and Italy.