Wattbike Secures £3.25M Funding Package

Wattbike, a Nottingham, UK-based exercise equipment manufacturer, has secured a £3.25M funding package through an asset-based lending facility provided by Praetura Commercial Finance. The company plans to use the funds to accelerate growth in the USA, Japan, Australia and Southeast Asia, and invest in its digital offering. Wattbike's bikes are used by leading sports teams, athletes and coaches across the UK, and the company has sold over 100,000 bikes, with over 240,000 sessions uploaded per month.

Wattbike Raises £3.25M to Fuel Growth in Global Markets

Wattbike is a Nottingham, UK-based exercise equipment manufacturer whose bikes are used by leading sports teams, athletes and coaches across the UK. The company has sold over 100,000 bikes, with over 240,000 sessions uploaded per month. The business has won commercial contracts in the health & wellbeing, education, professional sport, military & uniformed services, medical and hospitality sectors. Contracts have been signed with David Lloyd, the England football team, Hilton Hotels and the British Army. Most recently, Wattbike has become an official supplier to New Zealand’s rugby squad, the All Blacks.

Wattbike is a Nottingham, UK-based exercise equipment manufacturer whose bikes are used by leading sports teams, athletes and coaches.

3 years ago

Wattbike Raises £3.25M to Fuel Growth in Global Markets

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