eFOLDi is working to disrupt the mobility market with a true lightweight, versatile and roadworthy scooter. Patented and awarded WINNER of BRITISH INVENTION, eFOLDi has achieved £2.27m revenue, £413K+ Profit in FY19 and helped thousands of less-abled enjoy their travel freedom.
eFOLDi is a lightweight, compact & versatile mobility scooter powered by true innovations. Weighing only 17kg and folded to a suitcase size, the eFOLDi is fully road legal and airline compliant.
Since the successful Crowdcube raise in 2018, eFOLDi has helped thousands of people regain their travel freedom. We believe our newest model will be an even bigger game changer –aiming to offer a further 33% weight reduction with magnesium alloy.
Personal mobility market is expected to exceed more than US$14.2bn by 2024 at a CAGR of 7%. However, with 1 in 5 users having experienced tipping over and 53% of the users under 65 years old in 2014, we believe that current mobility products are too dangerous and old fashioned. Filled with patented technologies and creative ideas, eFOLDi is on a mission to bring true freedom and fun to people with reduced mobility!
Milestones achieved since 2018 Crowdcube campaign:
- Profit of £413k in the very 1st year after funding
- Revenue increased 109 times from £20k (FY2018) to £2.27m (FY2019)
- Invented new eFOLDi Lite with magnesium alloy
- Effective TV advertising campaign kickstarted sales
We are raising with Crowdcube again because we love giving ordinary people the chance to be part of the exciting eFOLDi journey! Funds will be used for stock purchase, marketing, further R&D and US entry.