Skarper, a London-based startup that transforms regular bikes into high-performing eBikes in seconds with its patented DiskDrive technology, has secured an additional £4 million in funding.
This is the second funding round in less than 12 months for Skarper, bringing the total amount invested in the company to £8 million.
The funding round was led by the Hong Kong-based Starry Group and Mobilitech Capital (also backed CaPow), along with several business angels.
Turning regular bikes into high-performing eBikes
Co-founded by Ean Brown, Skarper’s DiskDrive technology is a ground-breaking, click-on, click-off eBike drive system that drives the bike via the rear disc brake.
The first-of-its-kind, patent-protected disc-brake drive system has been developed by a London-based start-up in Camden.
Skarper’s invention has generated tens of thousands of inquiries globally since the news was first announced in June 2022.
The company’s innovative technology lowers barriers to owning high-quality eBikes and reduces waste.
Skarper’s ambition is to see its DiskDrive disc brake fitted as standard from the factory on millions of bicycles globally.
Ean Brown, CEO and Co-Founder of Skarper said, “Securing a second investment round in less than 12 months is a testament to how innovative and industry-changing Skarper is. We have received hundreds of distribution requests from around the world and have a large waiting list of customers. The interest from industry leaders, including bike component manufacturers and household brands, has exceeded our expectations. Our revolutionary technology lowers barriers to owning high-quality eBikes and reduces waste.
Sir Chris Hoy, a six-time Olympic, and 11-time World Champion cyclist is a shareholder in the business and has been part of the development process from the outset.
Hoy said, “I truly believe this is going to make a significant impact on the industry; people will have the freedom and flexibility to choose whenever they want electric assistance which opens up cycling to so many more people – something I’m extremely passionate about. I am blown away by Skarper; it’s a simple, yet brilliantly effective concept and I am very excited to see it come to market.”
Currently, the company employs 14 people including mechanical and electronics engineers as well as product designers.
