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Honeycomb Network Secures Gbp127,000 Pre-Seed Funding From Sfc Capital

Honeycomb Network Secures Gbp127,000 Pre-Seed Funding From Sfc Capital

11/11/21, 12:00 AM
Round Type
pre-seed
Honeycomb Network, an Imperial College London spinout developing smart charging and storage infrastructure for e-scooters and e-bikes to accelerate micromobility adoption in the UK, has secured GBP127,000 in pre-seed funding from SFC Capital, the UK’s most active seed stage investor.

Company Info

Company
Honeycomb Network
Additional Info
Despite more than 65 per cent of trips made in London being shorter than one mile, and despite car driver and passenger trips having reduced by 33 per cent and 44 per cent respectively, users of e-scooters and e-bikes still face significant challenges moving around the city - specifically when it comes to storing and charging their vehicles. Honeycomb Network provides safe, high-quality storage pods equipped with intelligent charging units that both securely store micromobility vehicles and extend the lifespan of lithium-ion batteries - and therefore reduce electronic waste - by allowing for fine-tuned remote control of the charging cycle. By merging both sides’ knowledge, we can not only make batteries healthier and more efficient, we also prevent additional amounts of unnecessary electronic waste from being generated.” Honeycomb Network is the only e-scooter-infrastructure company to receive grant funding from the UK Office for Zero Emissions Vehicles in 2021.