FuroSystems raises £750k from ClearlySo and TSP Ventures to expand its electric vehicle range.
The British electric vehicle brand secured backing from ClearlySo, TSP Ventures, and angels to accelerate growth and product development.
FuroSystems is a British electric vehicle brand that designs high-performance e-bikes and e-scooters for sustainable urban mobility. The firm operates as a direct-to-consumer manufacturer centred on practical and efficient city transport.
FuroSystems has secured £750k in a seed investment round backed by ClearlySo, TSP Ventures, and angel investors. The fresh capital will be directed towards expanding the firm's product line of electric bikes and scooters, scaling the team, and reinforcing its market position in urban transport solutions.
The investment arrives as demand accelerates for sustainable commuting options that facilitate social distancing. FuroSystems intends to use the capital to meet this growing consumer appetite for cleaner urban mobility.
From the founder
"We’re currently experiencing a once-in-a-century shift in transport, thanks to an increasing awareness of the impact we are having on our environment along with a renewed desire to make healthier personal choices. Electric bikes and electric scooters are crucial to solving the mobility issues we see today, of congestion and pollution. FuroSystems makes high-tech, lightweight electric vehicles with a long range so people can take on their morning commute and travel around their cities with ease. We want to give people a new sense of freedom and independence to move around their city safely and sustainably."
Eliott Wertheimer
CEO at FuroSystems
Investor perspective
"Albert and Eliott have effectively leveraged growing consumer appetite for electric vehicles as a cleaner, healthier and more efficient solution for urban mobility. We were impressed immediately by FuroSystems high quality products, strong branding and cost-effective supply chain. This clearly resonated with our investors and we are excited to see how this funding will help FuroSystems meet and scale the strong demand it has seen to date."
Letty Wheeler
Investment manager, ClearlySo
Use of funds
- 01Continue product development
- 02Grow the team
Investors
Categories
About the company
FuroSystems
FuroSystems builds elegant and high-performance electric vehicles for urban mobility.