August 14, 2022

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WAU to double manufacturing of e-bikes that accumulate knowledge for autonomous automobiles

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Birmingham-based EV agency We Are Common (WAU) has raised £650,000 in a pre-seed funding spherical with Angel Funding Community.

WAU, which was based mostly in 2018 by Crystal Drury and Linas T. Pozerskis, has created {an electrical} bike that collects mapping data for autonomous vehicles.

The agency moreover sells a powerwall, which converts the bikes into energy storage for buildings.

The agency claims the computer onboard its two-wheelers can course of data which will help autonomous vehicles attain stage 5 autonomy – basically probably the most superior mannequin of driverless vehicles, which don’t however exist.

“We’re proud that our bikes are British designed, examined, programmed and manufactured,” said Linas Pozerskis, co-founder, WAU.

The pre-seed funding will in all probability be utilized by WAU to double manufacturing at its Essex plant, to increase headcount and relocate its headquarters from Nottingham to Birmingham.

“After focusing closely on R&D within the preliminary part, this funding will assist us scale manufacturing to the following stage and advance our game-changing WAU Auto-Pilot mapping,” added Pozerskis.

Angel Funding Community is an web platform of larger than 1.4 million angel merchants making an attempt to place cash into startups. Its investments fluctuate from £10,000 to £1m.

Sam Louis, director, Angel Funding Community, said: “Their imaginative and prescient of advancing the EV sector blended with the drive and keenness they’ve for executing it has really set them apart.

“Alongside that, the work they’ve completed to strengthen and management their provide chain is a first-rate instance of their dedication to doing issues the fitting means over the straightforward means.”

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WAU’s pre-seed improve comes amid a UK push for further ebikes. Yesterday, ecommerce giant Amazon launched it’s swapping vans in favour of e-cargo bikes and walkers.

Final yr the federal authorities launched the nationwide e-cycle pilot programme in Larger Manchester.

Traders have moreover confirmed an urge for meals for bike and scooter subscription suppliers, with the Bike Membership simply these days elevating £16.75m in its Sequence B.

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