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Successfully funded
Capital at risk
overfunded
eFOLDi
268%
Raised
£939,650
Investors
746
Target
£350,000
Equity
12.38%
Pre-money valuation
£6,650,000

eFOLDi aims to disrupt the $9bn mobility scooter industry with a portable, foldable and easily transportable scooter. Patented and awarded Winner of British Invention 2016, eFOLDi has signed distribution agreements worth £4.9m and awarded grants to continue to develop their products.

  • Distribution agreements secured for 4900 units in the 1st year
  • Winner of British Invention of Year 2016
  • £115k awards from Scottish EDGE and Enterprise
  • Supported by Virgin StartUp and VOOM

Idea

eFOLDi is an electric personal vehicle developed by SunTech UK Ltd, a research-driven UK business on a mission to bring true freedom to people with reduced mobility.

Personal mobility is a huge market projected at US$ 9 Bn this year. In the UK alone, we have around 350k mobility scooter users with 80k units sold each year. However, with 1 in 5 users having experienced tipping over and 53% of the users under 65 years old, we believe that the current mobility products are too dangerous and old fashioned to serve the generations who have grown up with smart technologies.

eFOLDi can be neatly folded into a piece of luggage or a chair. It is designed to be extremely stable, lightweight and versatile, for easy transportation and storage. We will continue to develop products to improve convenience, enjoyment and quality of life by enabling easy mobility.

Milestones achieved:

- £104k raised from crowdfunding pre-sales in 18 days from over 11 countries;

- Exclusive distributor agreements signed for US and China. First-year order totalled 4,900 units;

- £120k business service and prize awarded by Virgin VOOM;

- £115k funding from Scottish EDGE and Enterprise for product R&D;

- eFOLDi MK1.5 achieved 20% reduction in weight and 30% increase in range;

- Patent and trademark protections in Europe, China, India and USA;

- Winner of British Invention of the Year 2016.

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eFOLDi

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Successfully Invested
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Registered Investors
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