UK eBike maker WAU secures Angel Investment Network funds

UK electric bike maker WAU has announced that it has received £650,000 in Angel Investment Network cash that will help the business hire talent.

Also set for investment is a move from its Nottingham head office to a new facility in Birmingham, but more than this, the production line in Essex will reportedly double its output.

WAU, aside from being a maker of long-range electric bikes, is also an energy storage business, plus an collector of data that the company says lines it up to be ready for an autonomous EV future. The data services will be rolled out to all current and future WAU riders, enabling nearvision mapping. The business says that it is the only two-wheel EV platform that has the physical space and energy onboard to capture enough road data to assist EVs reach level 5 Auto-pilot.

WAU co-founder Linas Pozerskis said: “We are delighted that AIN investors have backed our vision of transforming the mobility sector with a powerful and portable alternative to full size Smart EVs such as Polestar, Tesla and Lucid. There is simply no 2-wheel EV platform on the planet that would take all large 4-wheel EV perks and make them portable, from eliminating range anxiety to worldwide tracking to supercharging.

“We are proud that our bikes are British designed, tested, programmed and manufactured. With all ongoing innovation WAU’s will become appreciating assets. After focusing heavily on R&D in the initial phase, this investment will help us scale production to the next level and advance our game-changing WAU Auto-Pilot mapping.”

Director at Angel Investment Network, Sam Louis, added: “WAU is one of the most exciting teams we have worked with. Their vision of advancing the EV sector combined with the drive and passion they have for executing it has really set them apart. It was a key component in their ability to bring experienced angel investors onboard from our network. Alongside that, the work they’ve done to strengthen and control their supply chain is a prime example of their dedication to doing things the right way over the easy way. We’re thrilled to have helped support their oversubscribed round on this exciting next phase.”