Wrap the Bike Pioness Flit Upgrade £ 1.2m to challenge the face of the Brofuna
The implementation of the Cambridge is designed and creates threatening electricity and protects £ 1.2 million in new investment, which aims to rupture the production of rival leaders.
Flit, was founded in 2016 with a Cycling interested ones Alex Murray and Jaguar Land River developer Dave Henderson, the need for its kinds passes away, and the customers facing the wait four months.
The new cash circuit and Cambridge investors, and attracted the highest technical angels, including Tony Purnell, near Fortish Cycling and Red Bull’s Format Head.
Flat first-time earned money earned for £ 214,000 grant from Daike UK by 2020, money was usually pioneering a new bike independent. According to Murray, the process is moving a simple and strong frame by completing the risk of distorting themselves in the welded parts. The company’s M2 model weighs more than 14kg and folds easily, making it ready for traveler market.
“Not only did it improve our product, but thought about how we did,” said the decision to establish production in Cambridge. “We have a participation in a factory, which assures us completely and regulates the process. And being in a bicycle city sets us close to our basic community.”
Although the Flit is importing Aluminum and certain things, the whole convention is taking place in Cambridge. The purpose is to challenge the widespread challenge for a long use of market; Brumpon is recently reported in a difficult year of trading, predicting pre-tax benefits for 10,602 prior to 2024.
Murray, cyclist of bicycle riding in Arimen and China, hoping to the growing order of order and the new production system will help you be taken by a large urban market. “Our next step is to measure equity,” he said, emphasizing the purpose of the company to reduce the waiting time and continue to increase its market availability.
