Comments Off on Eskuta awarded a further £500,000 in funding for the development of e-cargo bikes and scooters
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.
Comments Off on Eskuta leading the way in UK home food delivery
As reported in Business Ready, a business support service from Warwick City Council, LEVA-EU member Eskuta has become the UK’s market-leading e-cargo vehicle manufacturer and supplier. The company, which manufactures electrically assisted pedal cycles (EAPCs), and e-scooters, has secured lucrative delivery contracts with companies such as Domino’s and Just Eat.
Thanks in part to support from the European Structural and Investment Funds Growth Programme 2014-2020, Eskuta has been able to expand and increase capacity with a second unit at their Warwicksire location. With 14 staff on board and 2,500 orders on the books last year, the company expects numbers to continue to grow.
Eskuta’s range has proven to be particularly attractive to the fast-food delivery sector, and the brand is now supplying electric bikes for delivery services for big name convenience store company, Booker. Other high profile partnerships include an agreement to sell Eskuta products through 24 Apple stores in the UK and Ireland, and the exploration of international opportunities with distributor deals signed in Dubai, Kuwait, Saudi Arabia and Qatar.
The company has been going from strength to strength, especially following initial support from University of Warwick Science Park’s Business Ready programme, a fully funded programme that delivers customised support to tech-based organisations looking to grow and scale.
Eskuta’s Managing Director Ian O’Connor said, “I started the business after becoming disillusioned with the fashion industry and discovered e-bikes and e-scooters when I was over in China and believed there was the potential for a business here…It’s been hard work to get to where we are today…and Business Ready have been a huge help.
We’re growing and the possibilities of where we can go next are huge. We’re now the market leader for e-cargo vehicles, working with the likes of Just Eat, Domino’s, Papa Johns, Subway and Dixy Chicken.
Grocery deliveries is another area of the market with huge potential, then there’s international and the consumer market too. We believe this has the potential to be a real success story for the area.”
And Cllr Kam Kaur, portfolio holder for economy and place at Warwickshire County Council which runs the business centres, added: “One of the many benefits for companies based in our buildings is that they are at the heart of a fantastically well-connected community…
As the Transforming Nuneaton programme gathers pace, I’m delighted to hear of businesses in that area prospering. Offering high-quality employment opportunities in the area is key to the programme and I hope that Eskuta’s is just one of many success stories in the area in the months to come.”
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