An emerging company based in Cambridge, which designs and manufacturing folding electric bicycles, received 1.2 million pounds from the new investment, with the aim of increasing production in an attempt by the pioneer of the market.
“The demand for his models is far exceeding the current offer, as customers face up to four months.
The new financing round led ACF and Cambridge Angels, and they attracted prominent supporters, including Tony Burnil, former head of technical development in Britain, and the atom of a team manager in Jaguar Ward Paul Formula One.
Flit First has gained a traction with a grant of 214,000 pounds from Innovate UK in 2020, money that you used for a new technical leadership to connect bicycle tires without welding. According to Mauri, this process provides a lighter and more powerful framework by eliminating the dangers of distortion seen in the welded parts. The company weighs the company's M2 slightly more than 14 kg and easily folds, making it good suitable for the passenger market.
“It was not only to improve our products, but he re -imagined how to manufacture us,” Murray said. “We are practical in the factory, ensuring that we are mastering the process and controlling this process. We are in a city that loves bicycles that places us close to our basic society.”
Although Flit imports raw aluminum and some components, the entire assembly process takes place in Cambridge. The goal of this is to challenge the long brompton foot in the market; Brompton recently reported a difficult trading year, expecting a profit before the tax of only 4,602 pounds for 2024.
Murray, a passenger passenger, throughout America and China, hopes that the growing Flit and the new manufacturing approach will help get a larger segment of the cycling market in urban areas. He said: “Our next step is to expand to meet the demand,” which highlights the company's intention to reduce waiting times and continue to expand its presence in the market.