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Thursday, February 29, 2024

Swedish startup pioneering industrial origami takes €3.7M for its clean energy powered personal mobility devices

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Stockholm-based startup STILRIDE has raised €3.7 million in a round joined by new and existing angels; Gustaf Hagman, Saeid Esmaeilizadeh and Tobias Emanuelsson. The startup was founded in 2019 by Tue Beijer and Jonas Nyvang. It develops sleek electro-mobility devices based on sustainable industrial origami – STILFOLD which is a patent pending method for producing smart, light and sustainable designs that can be folded in flat sheet metal by robots. The funding will pave the way for the development and improvement of the technology as well as giving chance to come up with new solutions to the sustainability challenges.

Jonas Nyvang says: “We’ve had unprecedented support from new and existing investors, but also from our community of technology, design and motorcycle enthusiasts, which has helped us get to this point. This is why we wanted to open this round up to the public. We’re really excited to be able to give our community the opportunity to own a small part of the company via Crowdcube’s platform, and have a genuine stake in our future as we continue to grow. This is a really exciting time for us and we can’t wait to bring more of you along for the ride.”

The idea for STILRIDE originates from 1993 when Tue Beijer designed his first electric scooter. Tue Beijer has since worked for the legendary Giotto Bizzarrini, the father of the 250 GTO and the Lamborghini V12 engine, BMW motorcycles, Husqvarna and has his spare time designed a lightweight sports car from scratch.

The mission is to create clean energy powered personal mobility devices through a flexible and sustainable production technology called industrial origami. STILRIDE wants to challenge the traditional view of manufacturing through using robotic industrial origami to fold structures from a flat sheet of metal true to the material’s characteristics and geometric nature. A safe, desirable and sustainable production and transportation platform.

Click to read more funding news.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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