Bromptons – Investorempires.com

A Cambridge-based start-up that designs and manufactures folding electric bikes has secured £1.2 million in fresh investment, aiming to ramp up production in a bid to rival market leader Brompton.

Folding bike pioneer Flit raises £1.2m to challenge Brompton’s dominance

Brompton Bicycle’s profit before tax plunges below the cost of its top-end folding bike amid a 5% dip in sales, rising costs, and industry-wide challenges. Learn how the British bike maker is responding with premium models and expansion plans.

Brompton’s profit plunges to less than the price of a single high-end bike