Eskuta awarded a further £500,000 in funding for the development of e-cargo bikes and scooters
820 days ago
< 1minute read
As reported in TheBusinessDesk, LEVA-EU member Eskuta has been awarded £500,000 in funding by the Midlands Engine Investment Fund (MEIF). The MEIF has now provided a total of £1 million in support for the company, with the aim to support Eskuta’s ambitious plans for growth and further development in their manufacturing of electrically assisted pedal cycles and e-scooters,
Funding was allocated in particular due to the potential of Eskuta’s products to aid in the delivery of a net-zero economy. The company’s low-carbon e-cargo bike options have already been officially adopted by large fast-food outlets including JustEat, Dominos, and Pizza Hut; with this further MEIF funding, Eskuta can continue its growth into the retail market, both within the UK and internationally.