4 years ago

Stilride Secures £2.5 Million to Bring Sustainable E-Scooters to Market

  • Stilride, a UK and Sweden-based electromobility startup, has raised £2.5 million in funding

  • The round was led by Gustaf Hagman, Saeid Esmaeilizadeh, Sam Bonnier, and Andreas Adler

  • Stilride's innovative 'industrial origami' process, called STILFOLD, uses robots to fold recyclable steel into intricate structures, minimizing environmental impact

  • The funding will be used to bring their first product, the Sport Utility Scooter One (SUS1), to market

  • Over 90,000 people are on the waiting list for the SUS1, with the first pre-series set to be released in autumn 2022.

      • ProblemTransportation

      "Traditional motorcycle manufacturing is inefficient and wasteful, resulting in heavy, expensive, and environmentally damaging products."

      Solution

      "Stilride has developed a groundbreaking manufacturing process called STILFOLD, which uses robots to fold single sheets of recyclable steel into intricate, lightweight, and durable structures. This innovative approach reduces the environmental impact of production and makes electric motorcycles more accessible to consumers."

      Covered on