Freeflow Technologies secures £1.65m funding boost to go to production

Freeflow Technologies has secured a further £1.65 million from existing investors, plus one new investor, to see the electric bike motor drive maker into Q1 2022 production.

Speaking to CI.N this morning, David Hemming, Managing Director at Freeflow Technologies called on agile brands in the marketplace, many of whom may be facing multi-year lead times from the industry’s larger mid-motor makers, to get in touch.

“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,” starts Hemming.

It is now anticipated that 2,000 mid-motor units will roll off the Scottish production line in 2022. The scaling into production is backed by a team that has swelled in number in recent months, with skills added across electrical and software engineering, process engineering and design. In total eight new staff have bolstered the team as it heads to market.

“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 exiting 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,” adds Hemming.

Further investment is currently being made in back office systems to set the firm up for orders in the new year.

The system has most recently appeared on Twmpa Cycles’ head turning wooden electric bikes, as shown at the Rouleur Classic last month.

A full profile on Freeflow Technologies will feature in the next print edition of CI.N’s magazine, to which trade members can subscribe free of charge here (print for UK businesses only, digital overseas).