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 facility.
Founded in 2016 by Dave Henderson and Alex Murray, Flit provides e-bikes that are lighter and more compact than traditional e-bikes. A key innovation behind the M2 is FLIT’s no-weld adhesive bonding technique, which is also used in aerospace and automotive engineering.
This latest funding builds on an Innovate UK grant in 2023 and will accelerate production and delivery of the FLIT M2 to UK customers, which began in October 2024.
FinSMEs
17/02/2025