ABIMOTA submits multi-million-euro plan to strengthen bicycle industry

ABIMOTA submits multi-million-euro plan to strengthen bicycle industry

14/10/2021 I&D Investment News 0

A group of 39 companies and organisations gathered by the industry association ABIMOTA have applied for funding of up to €258 million as part of Portugal’s Recovery and Resilience Plan.

The application, called the AM2R Agenda, is part of a set of actions ABIMOTA has been carrying out, such as Portugal Bike Value, aiming at strengthening the e-bike and bicycle sector, reinforcing Portugal’s leadership in the two-wheel industry.