A step forward in eBike technology.
Swytch Technology have announced that they are about to launch a world-first, pocket-sized eBike battery that can turn any bike into an electric bike.
The new Swytch eBike conversion kit, launching in August 2022, features a pocket-sized battery called the “Power Pack” which is similar in size to a large smart-phone. The battery provides 250W of power and enough range for your daily commute, whilst weighing only 700g (1.5lb) and can be recharged in around 1 hour.
Pocket-Sized Battery Can Turn Any Regular Bike into eBike
Swytch believes that eBikes should be lightweight, affordable and work like a regular bike whilst having electric functionality. The new Swytch Kit is the result of world-class engineering and design to create a truly revolutionary product that brings affordable cutting-edge technology to the eBike market.
The key advantages noted about the new conversion kit are the small and sleek size of the pocket-sized eBike battery, the battery being flight-safe, meaning it can be taken in carry-on luggage, and the low price point, which is around 4 times lower than that of an eBike with equivalent specifications.
It is also good for the environment, as customers will be able to continue using their existing bike, meaning that it will reduce waste.
What is Swytch?
Swytch is already a leader in the eBike market through the success of their existing version of the Swytch Kit (launched in 2019) which contains a “palm-sized” battery weighing 2kg (4.4lb). The Swytch Kit is already one of the best-selling eBike products in the UK, having sold over 9,000 units in 2020, making it responsible for over 5% of the entire eBike market by volume.
To date, Swytch has sold almost 40,000 units of the original Swytch Kit to customers all over the world, with over 50% of sales being to international customers, primarily in the EU and USA. Now, with the introduction of their new kit, featuring a pocket sized battery, Swytch anticipates that global sales volumes will grow to over 50,000 units annually by 2023.
Swytch has recently raised £3.8M of equity investment, primarily from climate tech and sustainability focused investors.
Swytch’s largest investors are Green Angel Syndicate and Calyx Venture Fund with the remainder of their funding coming from One Planet Capital, Startup Funding Club, members of the Angels Den, Wealth Club, and Southern Angel Investors Club (SAIC), plus a number of other private investors.
Swytch’s latest round of funding will be used primarily to invest in people and grow Swytch’s team, as well as to scale up their manufacturing and supply chain to increase production capacity in order to keep pace with their rapid growth in demand.
An eBike for the future?
Swytch’s CTO and Co-Founder, Dmitro Khroma comments, “our new improved Swytch Kit is a game-changer. It is going to totally disrupt the eBike industry because it is so much lighter, smaller and more affordable than anything else out there”. Whilst Swytch’s CEO and Co-Founder, Oliver Montague, comments, “our job as innovators is to make environmentally-friendly technology that people want to use because it is cool! That way, a global change to a more sustainable way of life will happen naturally”.
The new Swytch Kit will be available to pre-order following the official public launch next month (May 2022). To learn more and watch Swytch’s pre-launch video visit www.swytchbike.com/comingsoon/
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