June 26, 2015

Silicon Valley Entrepreneur Invests Into Bicycle E-Drive Created by KTU Student

(June 26, 2015)  Famous entrepreneur and venture capitalist from Silicon Valley Michael Baum, who is the founder and CEO of FOUNDER.org, has chosen a team from Kaunas University of Technology (KTU) to the Class of 2016. Startup Rubbee offering the innovative e-bike conversion kit, created by KTU masters student Gediminas Nemanis, is among 41 companies selected for funding and mentoring by FOUNDER.org.

The young startup Rubbee from KTU has found itself among the most innovative teams from the best universities of the world. Nemanis, a marketing managing masters student, holding his first degree in mechatronics, met Baum during his visit at KTU earlier this year.

“Michael encouraged us to apply to the 8D company building programme. Our project was thoroughly analysed, and we received a very positive evaluation: we were selected to the Class of 2016 together with the teams from MIT, Berkeley and Oxford”, says Nemanis.

read entire press  release