A TECH company has announced a smart-phone sized battery capable of turning any bike into an electric bike.
Swytch Technology has announced today that they are to launch a world-first, pocket-sized eBike battery as part of their new Swytch eBike conversion kit.
The pocket-sized battery (the “Power Pack”) is similar in size to a large smart-phone, and provides 250W of power and enough range for a daily commute, whilst weighing only 700g, and can be recharged in around one hour.
Swytch believes that eBikes should be lightweight, affordable and work like a regular bike whilst having electric functionality.
The company says the new Swytch Kit brings “affordable cutting-edge technology” to the eBike market.
The cost of the new conversion kit will be around 4x lower than the price of an eBike with equivalent specifications, meaning customers can up-cycle their existing bike, making it electric and reducing waste.
Swytch has already seen previous success with their existing version of the Swytch Kit, which is one of the best-selling eBike products in the UK, having sold over 9,000 units in 2020.
This makes it responsible for over 5% of the entire eBike market by volume.
To date, Swytch has sold almost 40,000 units of the original Swytch Kit to customers all over the world, with over 50% of sales being to international customers, primarily in the EU and USA.
Now, with the introduction of their new kit, featuring a pocket sized battery, Swytch anticipates that global sales volumes will grow to 50,000 units annually.
Swytch has recently raised £3.8m of equity investment, primarily from climate tech and sustainability focused investors.
Swytch’s largest investors are Green Angel Syndicate and Calyx Venture Fund, with the remainder of their funding coming from One Planet Capital, and individual members of the Startup Funding Club, Angels Den, Wealth Club, and Southern Angel Investors Club, plus a number of other private investors.
Swytch’s latest round of funding will be used primarily to invest in people and grow Swytch’s team, as well as to scale up their manufacturing and supply chain to increase production capacity in order to keep pace with their rapid growth in demand.
Swytch’s CTO and Co-Founder, Dmitro Khroma said: “Our new improved Swytch Kit is a game-changer. It is going to totally disrupt the eBike industry because it is so much lighter, smaller and more affordable than anything else out there.”
Swytch’s CEO and Co-Founder, Oliver Montague, added: “Our job as innovators is to make environmentally-friendly technology that people want to use because it is cool!
“That way, a global change to a more sustainable way of life will happen naturally”.
The new Swytch Kit will be available to pre-order following the official public launch next month.
