Swytch, a London based manufacturer of eBike conversion kits has received an additional £800,000 of finance from a group of investment firms. Combined with its prior crowd-funding efforts, this brings the company’s total funding to over £1 million.
The company sells kits which make it easy to convert almost any conventional bicycle into an eBike quickly and easily. The kit consists of a replacement front wheel with integral hub motor, handlebar mounted battery pack, and pedal sensor, all designed to be fitted to a bike without any special skills or equipment.
The entry level kit costs £549, with a claimed 25 mile range, but higher capacity batteries are available as an upgrade. The company also sells a high-power version of the kit for off-road use.
Based in Hackney, the company was started by Oxford University engineering graduate, Oliver Montague, following a successful initial crowd-funding campaign, with the goal of bringing a simple eBike solution to the mass-market.