About FuroSystems
FuroSystems is a company based in London (United Kingdom) founded in 2016.. FuroSystems has raised $1 million across 1 funding round from investors including ClearlySo and TSP Ventures. FuroSystems offers products and services including FUZE, FURO X, and Aventa. FuroSystems operates in a competitive market with competitors including VanMoof, Rad Power Bikes, Cowboy, Urtopia and EMotorad, among others.
- Headquarter London, United Kingdom
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
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Social
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- Legal Name Ma Micro Limited
- Date of Incorporation 14 Jan, 2022
- Jurisdiction WOKING, SURREY, 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 M (USD)
in 1 rounds
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Latest Funding Round
$1 M (USD), Seed
Nov 25, 2020
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Investors
ClearlySo
& 1 more
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Employee Count
Employee Count
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Products & Services of FuroSystems
FuroSystems offers a comprehensive portfolio of products and services, including FUZE, FURO X, and Aventa. 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.
High-performance folding scooter with 750W power for urban riding.
Folding electric bike weighing 15kgs for daily commuting.
Urban electric bicycle with over 80km range and integrated features.
Funding Insights of FuroSystems
FuroSystems has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in November 2020. 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 — $1.0M
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First Round
First Round
(25 Nov 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Seed - FuroSystems | Valuation | TSP Ventures , ClearlySo |
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| 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 FuroSystems
FuroSystems has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include ClearlySo and TSP Ventures. 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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TSP Ventures is focused on investing in climate tech startups.
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Founded Year | Domain | Location | |
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Investment banking firm
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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 FuroSystems
| 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 - FuroSystems
| 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 |
Furosystems Comparisons
Competitors of FuroSystems
FuroSystems 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, Rad Power Bikes, Cowboy, Urtopia and EMotorad, 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 |
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 and e-bikes are offered via an online platform.
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| domain | founded_year | HQ Location |
Electric bicycles are designed and manufactured by TENWAYS.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Furosystems
Frequently Asked Questions about FuroSystems
When was FuroSystems founded?
FuroSystems was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is FuroSystems located?
FuroSystems is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is FuroSystems a funded company?
FuroSystems is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Nov 25, 2020.
What does FuroSystems do?
FuroSystems was founded in 2016 in London, United Kingdom, within the electric mobility sector. Light electric motorcycles are developed by the company, including the L1 model powered by Li-ion batteries, which achieves a 90 km range and top speeds of 45-65 kmh. Operations center on sustainable urban transport solutions. High-performance electric bicycles are planned for future development to expand the product line.
Who are the top competitors of FuroSystems?
FuroSystems's top competitors include VanMoof, Rad Power Bikes and Cowboy.
What products or services does FuroSystems offer?
FuroSystems offers FUZE, FURO X, and Aventa.
Who are FuroSystems's investors?
FuroSystems has 2 investors. Key investors include ClearlySo, and TSP Ventures.