FREEFLOW Technologies (FFT), the developers of the world’s lightest power to weight e-bike motor has secured £1.85m in funding.

The new investment will support a move to a new headquarters and R&D facility in East Kilbride and further strengthen the team with senior technical positions and assembly engineers recruited.

FFT’s “novel” patented e-bike transmission system is more lightweight, compact and provides a higher power density than other products, with the motor and battery easily assembled into the bicycle frame rather than an oversized attachment. This makes the e-bike look and ride like a normal bike, a key requirement for brands and customers.

There are already a number of brands working on frame designs to incorporate the new transmission into bikes for launch into the market in 2021.

Founded in 2012 in Glasgow by Neil MacMartin, FFT has a senior management team made up of experts in design, development, financial planning and cycling industry experts.

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The rapidly growing electric bike market was worth £4.9 billion in 2018 and is expected to grow to £11.8bn in 2023.

Martin McCourt, chairman of FFT and former CEO of Dyson, said: “The e-bike market is booming as many sections of society seek alternatives to public transport and take a greater interest in their personal health. Great trends that truly benefit our citizens and our environment. The FreeFlow drive system transforms the look and riding performance of e-bikes. Now an e-bike can look like a normal bike, and ride like one!”

David Hemming, managing director of FFT added: “Before Covid hit the world the e-bike sector was forecasted to grow by double digits each year for the foreseeable future however the global pandemic has changed the way people think about bikes across all walks of life. The needs of exercise and wellbeing and the need for a viable transportation options to and from work that is an alternative to public transport are now high on the public’s mind.

“The Covid pandemic has also accelerated the cargo/last mile delivery sector as well with many companies looking to get deliveries from suppliers to end consumers with increased urgency and efficiency. This sector is also on a huge growth curve with e-bikes being seen as a significant part of that solution, particularly in urban areas of the world.”