Folding bike pioneer Flit raises 1.2m to challenge Brompton's dominance
Briefly

Flit, a Cambridge-based start-up, has raised £1.2 million to increase production of its innovative electric bikes, which utilize a unique frame bonding technique developed from a previous Innovate UK grant. The company is responding to significant demand, with waiting times of up to four months for customers. Founders Alex Murray and Dave Henderson emphasize their manufacturing approach based in Cambridge to maintain quality and control. With the competitive landscape including established players like Brompton, Flit hopes to grow its presence in the urban cycling market.
Our next step is to scale up to meet demand, highlighting the company's urgent need for increased production capabilities in response to market interest.
Not only did it improve our product, but it also re-imagined how we manufacture, ensuring we fully master and control the process in Cambridge.
Read at Business Matters
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