Skarper funding news – London-based Skarper Secures €5.3 Million in Funding

The investment portfolio company Adjuvo led the most recent round, which resulted in a fresh fundraising from angel investors and its extensive member network. Existing Skarper investors Yaron Kottler of Resilion, Starry Group, a global consumer product maker, and Mobilitech Capital, an investor in mobility technologies, have joined them.

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With the Skarper drive system, a standard bicycle can be quickly converted into a lightweight, high-performing e-bike by connecting it to the disc brake rotor. The drive system is incredibly lightweight and portable. In addition, the gadget can disconnect in the same period of time, giving users a unique level of flexibility.

Ean Brown, Co-founder, and Chief Executive Officer at Skarper, commented: “This is a major milestone for Skarper. Raising almost £13 million to-date is testament to the product and brand that we have created. Such significant capital allows us to satisfy the customer demand for Skarper, achieve our growth targets and make a positive impact in the cycling industry.”

The company's go-to-market strategy will be supported by this most recent investment as it gets ready to release its first goods in Q4 of this year. This will start in the UK and spread over all of Europe by 2025.

Adjuvo CEO Mark Foster-Brown said: “Skarper is set to establish itself as a major player and novel part of the fast growing e-bike market with a unique device that could revolutionise the sector. Cycling is a $100 billion industry and is only forecast to grow as new assistance technology is developed to enable more people to use it both as a form of transport and recreation. Everything we have seen suggests Skarper will therefore generate enormous customer demand globally.”

About Skarper

Dr. Alastair Darwood, a co-founder, Skarper created the patent-protected disk-brake drive system that the company has developed. The 250-watt motor and 240-watt battery of the small all-in-one drive clip-on unit provide a range of up to 50 kilometers.