5 years ago

FuroSystems Raises £750,000 for Its Next Generation of E-Bikes

  • FuroSystems, a British e-bike manufacturer, has raised £750,000 in its first venture funding round from TSP Ventures, ClearlySo, and angel investors

  • The company is known for its lightweight bikes that can be pedaled like normal bikes when not using the electric motor

  • They also have a folding e-bike, the Furo X, which is one of the lightest in the world, weighing just 15 kg

  • FuroSystems has seen demand surge since the coronavirus lockdown, with year-on-year sales up fivefold

  • The company plans to use the funding to invest in R&D to create its next line of products.

      • ProblemTechnology

      "Commuters are seeking cleaner, healthier transport options, and traditional bikes are often too strenuous for long distances. Existing e-bikes are often bulky, expensive, or lack the performance for everyday use."

      Solution

      "FuroSystems builds lightweight, high-performance e-bikes and e-scooters with a focus on affordability and user-friendliness, offering a compelling alternative to traditional bikes and cars."

      Covered on