Pedal forward: FLIT raises €1.4 million to scale its ultra-compact folding e-bike

FLIT, a Cambridge-based design firm that constructs folding electrical bikes for metropolitan travelers, has actually increased EUR1.4 million in brand-new financing to increase manufacturing of its newest design, the FLIT M2 at its Cambridge center.

The financing round consisted of engagement from ACF Investors, Cambridge Angels and previous Head of Technical Advancement at British Biking, Tony Purnell.

Alex Murray, Taking Care Of Supervisor and Founder of FLIT, claimed: “ As biking lovers, we intended to aid individuals discover much better methods to walk around cities. Unlike standard e-bikes that retrofit electric motors and batteries onto non-electric layouts, we construct from scratch, incorporating folding and electrical capacities from the beginning.

” By using aerospace-grade bonding methods, we have actually removed the distortions brought on by welding, leading to a lighter, more powerful, and extra small style. Our goal has actually constantly been to make biking much easier and extra easily accessible for metropolitan travelers, and this financing permits us to take that goal to the following degree with the FLIT M2.“

Established In 2016 by Dave Henderson, an ex-Jaguar Land Vagabond designer, and Alex Murray, a biking fanatic that has ridden throughout both the United States and China, FLIT was substantiated of a common enthusiasm for obtaining even more individuals on bikes by making city traveling easy, adaptable, and enjoyable.

According to FLIT, the folding electrical bike market has actually seen substantial development in recent times because of the enhanced need from metropolitan travelers for space-saving alternatives and deserved around €480.6 million in 2023.

Developed for metropolitan flexibility, FLIT’s e-bikes are lighter and extra small than standard e-bikes. At simply 14.5 kg, the M2 is developed to fit quickly right into train travel luggage shelfs, lug up stairways, and roll with city roads when folded up.

An essential technology behind the M2 is FLIT’s no-weld glue bonding strategy, which is likewise made use of in aerospace and automobile design. Originally established as a feedback to provide chain interruptions throughout COVID-19, the no-weld strategy not just speeds up manufacturing times however likewise boosts architectural accuracy, making it possible for a tighter, extra small layer and a 1kg weight decrease contrasted to a comparable bonded structure.

This newest financing improves an Innovate UK give in 2023 and will certainly increase manufacturing and distribution of the FLIT M2 to UK consumers, which started in October 2024.

The FLIT M2 is a recognizable upgrade to its previous models, significantly that it evaluates just 14.5 kg (1kg lighter than their previous folding ebike) which it mores than 25% smaller sized when folded up contrasted to previous design. The battery has a 230WH capability, and a 3 hour fee time.

The present Springtime set is marketed out, with the following pre-order distribution approximated for Summertime 2025 (UK just).

Tim Mills, Taking Care Of Companion at ACF Investors, claimed: “ FLIT is specifically the kind of cutting-edge UK company we want to sustain. The group has actually integrated sophisticated design with a deep understanding of metropolitan flexibility to create an absolutely cutting-edge item.

” Its distinct technique to make and making settings them flawlessly to capitalise on the expanding e-bike market. We delight in to be component of their trip as they scale manufacturing and bring the FLIT M2 to even more bikers throughout the UK.“

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