About FLIT
FLIT is a company based in Cambridge (United Kingdom) founded in 2016 by Dave -.. FLIT has raised $1.51 million across 1 funding round from investors including Cambridge Angels, ACF Investors and Tony Purnell. The company has 5 employees as of December 31, 2020. FLIT offers products and services including FLIT M2 Folding Ebike and Accessories. FLIT operates in a competitive market with competitors including VanMoof, EMotorad, Rad Power Bikes, Cowboy and Urtopia, among others.
- Headquarter Cambridge, United Kingdom
- Employees 5 as on 31 Dec, 2020
- Founders Dave -
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Flit (Cambridge) Limited
- Date of Incorporation 15 May, 2015
- Jurisdiction CAMBRIDGE, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.51 M (USD)
in 1 rounds
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Latest Funding Round
$1.51 M (USD), Seed
Feb 17, 2025
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Investors
Cambridge Angels
& 2 more
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Employee Count
5
as on Dec 31, 2020
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Products & Services of FLIT
FLIT offers a comprehensive portfolio of products and services, including FLIT M2 Folding Ebike and Accessories. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Compact folding electric bike for urban commuting and transport.
Components to enhance functionality of electric bikes.
Funding Insights of FLIT
FLIT has successfully raised a total of $1.51M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.51 million completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.5M
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First Round
First Round
(17 Feb 2025)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Seed - FLIT | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FLIT
FLIT has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Cambridge Angels, ACF Investors and Tony Purnell. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on angel investments
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Founded Year | Domain | Location | |
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Angel network investing in the UK
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Founded Year | Domain | Location | |
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TP
Tony Purnell |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FLIT
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FLIT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flit Comparisons
Competitors of FLIT
FLIT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VanMoof, EMotorad, Rad Power Bikes, Cowboy and Urtopia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric bicycles with integrated technology are manufactured by VanMoof.
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| domain | founded_year | HQ Location |
Electric bicycles and e-bikes are offered via an online platform.
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| domain | founded_year | HQ Location |
Developer of electric bicycles
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| domain | founded_year | HQ Location |
Electric bicycles with integrated batteries and displays are developed.
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| domain | founded_year | HQ Location |
Electric bicycles are developed and manufactured by Urtopia.
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| domain | founded_year | HQ Location |
Electric bicycles were manufactured by Ultra Motor in the UK.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Flit
Frequently Asked Questions about FLIT
When was FLIT founded?
FLIT was founded in 2016 and raised its 1st funding round 9 years after it was founded.
Where is FLIT located?
FLIT is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Is FLIT a funded company?
FLIT is a funded company, having raised a total of $1.51M across 1 funding round to date. The company's 1st funding round was a Seed of $1.51M, raised on Feb 17, 2025.
How many employees does FLIT have?
As of Dec 31, 2020, the latest employee count at FLIT is 5.
What does FLIT do?
FLIT was founded in 2016 in Cambridge, United Kingdom, where operations focus on the production of electric bicycles within the urban mobility sector. Lightweight foldable models, weighing 15 kg and offering up to 50 km range, are developed for practical use. Bicycles are sold directly to customers via an online platform, supporting accessibility in the European market.
Who are the top competitors of FLIT?
FLIT's top competitors include VanMoof, Rad Power Bikes and Cowboy.
What products or services does FLIT offer?
FLIT offers FLIT M2 Folding Ebike and Accessories.
Who are FLIT's investors?
FLIT has 3 investors. Key investors include Cambridge Angels, ACF Investors, and Tony Purnell.