Biktrix Receives $3.5 Million in Interest-Free Loan

June 29, 2022 1 min read

Biktrix Receives $3.5 Million in Interest-Free Loan

Our headquarters saw a lot of excitement this week!

We were proud to host several representatives of local businesses, members of the media, and government officials, including the Honourable Daniel Vandal, Minister for PrairiesCan.

The reason for their visit? Celebrating the official announcement of a federal investment of nearly $26 million in interest-free loans to 11 Saskatchewan companies, ours included!

Biktrix Electric Bikes is proud and thankful to be chosen for this funding, and confident in our ability to grow our company while maintaining our well-earned reputation for excellent quality and service.

We plan to use this $3.5 million investment to bring new eBike hardware and software to market as well as continue to attract and retain talented employees. 

With interest in eBikes constantly growing, this financial assistance allows us to maintain our steady growth and will secure Biktrix as one of the top electric bike companies in the industry.

 

Pictured: The Honourable Daniel Vandal, Minister of PrairiesCan (sitting), and Roshan Thomas, Founder/CEO of Biktrix