Skarper, the London-based start-up backed by Olympic legend Sir Chris Hoy, with patented technology that transforms regular bikes into high performing eBikes in seconds, has secured an additional £4 million in funding.
This is the second funding round in less than 12 months for the business, bringing the total amount invested to £8m, supporting the acceleration and scaling of Skarper’s route to market. This latest funding round was led by the Starry Group and Mobilitech Capital, alongside several business angels.
Skarper is a ground-breaking, click-on, click-off eBike drive system that drives the bike via the rear disc brake. With its DiskDrive technology, Skarper can transform any bike into a high performance, lightweight eBike and back again in seconds. This first-of-its kind, patent-protected disc-brake drive system has been developed by a London-based start-up in Camden. The company made headlines last June when it announced its invention for the first time with the news generating tens of thousands of enquiries from around the world.
Six-time Olympic and 11-time World Champion cyclist Sir Chris Hoy is a shareholder in the business and has been part of the development process from the outset. He said: “I truly believe this is going to make a significant impact on the industry; people will have the freedom and flexibility to choose whenever they want electric assistance which opens up cycling to so many more people – something I’m extremely passionate about. I am blown away by Skarper; it’s a simple, yet brilliantly effective concept and I am very excited to see it come to market.”
CEO and Co-Founder of Skarper Ean Brown is excited about what is to come: “Securing a second investment round in less than 12 months is testament to how innovative and industry-changing Skarper is. We have received hundreds of distribution requests from around the world and have a large waiting list of customers. The interest from industry leaders, including bike…
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