FuroSystems, a London, UK-based e-bike startup, raised £750k in seed funding.
Backers included TSP Ventures, ClearlySo and a number of angel investors.
The company will use the funding to accelerate its growth and to invest in R&D to create the next generation of products.
Founded in 2017 by engineers Eliott Wertheimer and Albert Nassar, who respectively have backgrounds in both aerospace and robotics, Furo creates high-end electric bikes and scooters.
Its flagship product is the Furo X folding e-bike which weighs a mere 15kg, has a high-density removable lithium ion battery that has has a range of 55km, Shimano gears and hydraulic disk brakes.
FuroSystems has also designed and manufactured the Fuze, a versatile, high-end e-scooter with over 800W of available peak power, though the top speed can be limited to 15.5mph/25kph depending on local legislation. The scooter features double front and rear suspensions and dual mechanical disc brakes, alongside a host of safety features, such as a remote key lock and alarm system, including reinforced inflatable pneumatic 10″ wheels for a safe and supportive ride.
The company is also announcing its new urban electric bike, Aventa, which is made with aerospace-grade alloys and combines hydraulic disk brakes, nine gears and a high performance clutch. The integrated 504Wh battery adds to the sleek design, and helps to keep the weight of the bike below 17kg. Prices for the Aventa will start at £1,399 and it will be available to pre-order from FuroSystems.com at the end of the month.
FinSMEs
30/11/2020