FFT: Kelvin Capital leads 1.65m raise for e-bike innovator FreeFlow Technologies

East Kilbride based FreeFlow Technologies (FFT), which has developed a light power to weight e-Bike motor, is moving into production following the completion of a £1.65m funding round led by investment syndicate Kelvin Capital. The new investment will accelerate the production of units from its Scottish production line in 2022, ready to be sold into the fast-growing e-Bike sector. Chaired by Martin McCourt, former Global CEO of Dyson, the business completed a previous funding round in November 2020 securing £1.85m which saw them move to new headquarters and R&D facility in East Kilbride and adding senior technical positions and assembly engineers. The company also raised £1.8m in October 2018. The latest funding will see additional staff recruited across electrical and software engineering, process engineering and design.