Skarper, the London-based start-up backed by Olympic legend Sir Chris Hoy, with patented know-how that transforms common bikes into excessive performing eBikes in seconds, has secured an extra £4 million in funding.
That is the second funding spherical in lower than 12 months for the enterprise, bringing the overall quantity invested to £8m, supporting the acceleration and scaling of Skarper’s path to market. This newest funding spherical was led by the Starry Group and Mobilitech Capital, alongside a number of enterprise angels.
Skarper is a ground-breaking, click-on, click-off eBike drive system that drives the bike through the rear disc brake. With its DiskDrive know-how, Skarper can remodel any bike right into a excessive efficiency, light-weight eBike and again once more in seconds. This primary-of-its sort, patent-protected disc-brake drive system has been developed by a London-based start-up in Camden. The corporate made headlines final June when it introduced its invention for the primary time with the information producing tens of hundreds of enquiries from all over the world.
Six-time Olympic and 11-time World Champion bicycle owner Sir Chris Hoy is a shareholder within the enterprise and has been a part of the event course of from the outset. He stated: “I really consider that is going to make a major influence on the {industry}; folks may have the liberty and adaptability to decide on every time they need electrical help which opens up biking to so many extra folks – one thing I’m extraordinarily captivated with. I’m blown away by Skarper; it’s a easy, but brilliantly efficient idea and I’m very excited to see it come to market.”
CEO and Co-Founding father of Skarper Ean Brown is happy about what’s to return: “Securing a second funding spherical in lower than 12 months is testomony to how revolutionary and industry-changing Skarper is. We have now obtained lots of of distribution requests from all over the world and have a big ready record of consumers. The curiosity from {industry} leaders, together with bike part producers and family manufacturers, has exceeded our expectations. Our revolutionary know-how lowers limitations to proudly owning top quality eBikes and reduces waste.
“Finally, it’s Skarper’s ambition to see a DiskDrive disc brake fitted as normal from the manufacturing unit on thousands and thousands of bicycles all over the world. With such a optimistic {industry} response, momentum accelerating, important funding and confidence within the enterprise excessive, we sit up for sharing extra thrilling information as this 12 months progresses.”