Freeflow Technologies set to begin production following £1.65m funding boostComments Off on Freeflow Technologies set to begin production following £1.65m funding boost
Source: Cycling Industry News
Existing investors have contributed a further £1.6 million in funding to see Freeflow Technologies, who produce electric bike motor drives, launch into Q1 2022 production.
David Hemming, managing director at Freeflow Technologies told C.I.N., “This funding round puts us in production and ready to begin selling into the market from Q1 of 2022. 70 brands currently have our unit on their radar for integration and it may well have been more had mainland Europe been without Covid complications. I am looking forward to being able to travel with our demo units to introduce the system further next year.”
He added, “Our investors could see that, despite the headwinds of the pandemic, that Freeflow has moved positively and at a time where opportunities exist in an exciting space. Freeflow Technologies is here to challenge and while we’ll start with some of the market’s more agile brands, in time we’ll come to feature on some of the industry’s blue chip brands. For e-Bike designers, we have a system that is very plug and play and can work in harmony with a brand’s existing battery or switch suppliers.”
Boasting an ever-growing team and talent-pool, Freeflow Technologies is set to produce 2,000 mid-motor units via its Scottish production line in 2022. Having already been utilised in the Twmpa Cycles’ wooden electric bike, all eyes are watching to see where this UK motor will appear next.