Funding Details
- Awarder
- RSS - tech.eu
- Date Award
- August 07, 2024
- Vertical
- Mobility
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2015
- Traction
- NML has already found success in track cycling and e-bike markets, including cargo e-bikes and shared e-bikes.
- Founders
- Marcel Fowler
- Company Description
- New Motion Labs (NML) has re-engineered the traditional chain and sprocket to reduce wear, enhance lifespan, reduce energy loss, and lower manufacturing costs, while offering retrofit capabilities. Their patented Enduo technology has found success in track cycling and e-bike markets, resulting in significant reductions in energy consumption and maintenance requirements.
- Market
- Industrial
- Location
-
Exeter,
England,
UK
- Coinvestors
- The FSE Group, South West Investment Fund
Links