Adjuvo is pleased to lead the latest round for Skarper in a £4.5 million fundraise. To date, Skarper has raised a total £12.8 million for the first-of-its-kind patented device that transforms a regular bicycle into an e-bike. Developed by Skarper engineers together with the Red Bull Formula One team, the portable disk-brake drive system connects and disconnects from a bike in just one click.

“Skarper is set to establish itself as a major player and novel part of the fast growing e-bike market with a unique device that could revolutionise the sector. Cycling is a $100 billion industry and is only forecast to grow as new assistance technology is developed to enable more people to use it both as a form of transport and recreation. Everything we have seen suggests Skarper will therefore generate enormous customer demand globally.”

- Mark Foster-Brown CVO, CEO Adjuvo