Zak Mobility secures £520k in funding led by Kero Development Partners
The Nottinghamshire startup raised the capital from Kero Development Partners and the British Design Fund to take its in-wheel suspension prototype to market.
Share allotment filed at Companies House
Zak Mobility develops in-wheel suspension technology that integrates with electric hub motors to improve vehicle efficiency and handling.
Zak Mobility has secured £520k in funding led by Kero Development Partners, with participation from the British Design Fund. The Nottinghamshire-based startup builds in-wheel suspension technology that incorporates electric hub motors to reduce vehicle weight and improve transport efficiency.
The capital will be used to advance the company growth plans and bring its prototype to market. The technology holds particular relevance for the last mile delivery sector as the automotive industry shifts toward low carbon solutions.
From the founder
"It’s fantastic to have British Design Fund, Kero and our other investors on board. This funding will allow us to push forward with the next step in our growth plans and in taking our prototype to market."
Sam Pearce
Founder at Zak Mobility
Investor perspective
"We’re delighted to welcome Sam and the Zak Mobility team to our portfolio. Their technology offers a unique solution for the transport industry and while the concept itself may be simple, it has been made possible by a huge amount of technical development and engineering."
Damon Bonser
CEO, British Design Fund
Use of funds
- 01Continue product development
Investors
Categories
About the company
Zak Mobility
Zak Mobility builds in-wheel suspension technology designed to improve vehicle efficiency and ride quality.