Home / Business / Swytch smashes crowd funding goal in 24 hours

Swytch smashes crowd funding goal in 24 hours

A new e-bike conversion kit from brand Swytch has achieved success on crowd funding platform Indiegogo by breaking its target in less than 24 hours.

Swytch Technology managed to achieve $50,000 of funding in the short amount of time, and has now raised over 127,000 from 357 backers with 25 days left to contribute.

The brand created two e-bike conversion kits, one with a 25-mile range – three-to-four hour charge time – and one with a 50-mile range – five-to-six hour charge time. For those that don’t have a bike already, Swytch offers a complete electric bike option with the 50-mile system already fitted, for under £500.

Oliver Montague, inventor of the Swytch e-bike kit, studied engineering at Oxford University and has been running the e-bike conversion company for over four years. He said, “I’ve wanted to design a simple, inexpensive, and convenient to install and use e-bike system for several years now. I’ve gone through many prototypes and visited many suppliers and am now ready to launch what I believe is a ground-breaking product."

Industry reports show the e-bike market is currently dominated by older customers, with 70 per cent of electric bikes being purchased by the over 50s. Many older people are discovering e-biking as a viable alternative to cars and public transport for small to medium length journeys.

Check Also

Endura expands MT500 range

Endura has expanded its MT500 range. The new MT500 Burner Pant II and MT500 Burner …