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FLIT Raises £1.2M in Funding

Summary by FinSMEs

Flit, a Cambridge, UK-based engineering company that builds folding electric bikes for urban commuters, £1.2M in funding. Backers included ACF Investors, Cambridge Angels and former Head of Technical Development at British Cycling, Tony Purnell. The company intends to use the funds to ramp up production of its latest model, the FLIT M2, at its Cambridge […] The post FLIT Raises £1.2M in Funding appeared first on FinSMEs.

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Bdaily Business News

FLIT in gear for growth with £1.2 million backing

A folding electric bike builder says it will shift production up a gear after securing £1.2 million support. FLIT has been backed to ramp up work on its new M2 model. Bosses at the Cambridge-based company say the cash injection will strengthen the business’ presence in a market worth hundreds of millions…

5 days ago

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BikeBiz

Flit secures £1.2m to scale production of lightweight folding e-bikes

Cambridge-based Flit, an engineering company that builds folding electric bikes for urban commuters, has raised £1.2 million in new funding> With participation from ACF Investors, Cambridge Angels and former Head of Technical Development at British Cycling, Tony Purnell, this latest funding will be used to ramp up production of its latest model, the Flit M2, at its Cambridge facility. Designed for urban mobility, Flit’s e-bikes are lighter and m…

5 days ago

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FinSMEs

FLIT Raises £1.2M in Funding

6 days ago

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Silicon Canals

UK’s FLIT raises €1.4M to produce folding e-bikes built using aerospace-grade techniques - Silicon Canals

Cambridge, UK-based FLIT, a company specialised in building folding electric bikes for urban commuters, has secured £1.2M (approximately €1.4M) in the new funding round. The UK engineering company was backed by ACF Investors, Cambridge Angels, and former Head of Technical Development at British Cycling, Tony Purnell. ACF Investors (formerly the Angel CoFund) is a privately managed and commercially focused venture capital fund. The company work…

6 days ago

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