Owned by Sean Mulryan.
The Ballymore Group has teamed up with an Irish electric bike maker .
Modmo has secured a €5 million investment from property developer Sean Mulryan.
The financing brings to €8.7 million the total raised by the company over the past year.
Speaking to The Irish Times, Modmo founder Jack O’Sullivan said the partnership with Mr. Mulryan could develop further with the Ballymore Group considering providing the start-up’s ebikes for use at its various developments.
The developer also has around 80,000 bike parking spaces planned across its developments with the potential that some of these would be reserved for Modmo’s “Saigon” ebikes.
The Ballymore Group was founded by Mr Mulryan and his wife Bernadine in 1982.
It has more than 10,000 homes currently under construction across Ireland and Britain, and a further 15,000 in the pipeline.
The company is also partnering with diageo to create a new neighbourhood at the Guinness brewery at St James’s Gate in Dublin.
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