Zixtro Expands with Cash from New Shareholders
TAICHUNG, Taiwan – Bike bag brand Zixtro is in the process of securing significant funds from private investors in the following months. The company will start working with newly-organized supply chain in Taiwan to bolster its global expansion and extend its product developments.
This three-year-old brand is now working with more than 30 distribution partners worldwide and the distribution network covers most European/Asian countries and North/South America.
“To echo the strong demand from our global distributors, our team is now working at some key projects which will go beyond of bags,” said Tell Tan, vice president of Zixtro Inc., Taiwan. “The newly joined investors appreciate our design and are confident at the fast growth and profitable future of Zixtro. The funding plans will help us to invest in new molds and new logistic center in Taiwan so as to support our global partners more efficiently.”
Zixtro is privately-held company specializing in bike gear bags. It’s now headquartered in Taiwan and factories in China. In the beginning of its product launch in 2011 it reaps four laurels at Taiwan Bicycle Exporters’ Association (TBEA) Innovative Product Competition Award. Besides of its own-brand products, Zixtro also designs and manufactures bag products for quite a few big brands in the market. The company is still looking for more distributors.