PeddleSmart

A low-carbon freight and people transport solution, ready for delivery. One vehicle, many options.

PeddleSmart’s FlexiQuad™ zero-carbon vehicles offer a low-cost, healthy and planet-friendly way to transport people, products, hot and cold food and maintenance equipment, without complex licensing and suitable for pedestrianised areas. ​

With a range of products currently in the development and testing phase, the company has more than 70 pilot and trial agreements (NHS, Social Bite, Zedify and a number of local authorities in the UK and Ireland).

The trials support operational decisions around fleet percentages and will help to secure the initial orders required for when the final models roll-off the production line early Q3 2020.

PeddleSmart charging hub with storage

Value £1 million

Electric vehicles and low carbon transport

All investment types considered

Located across Scotland

PeddleSmart is seeking investment to accelerate the UK-based production of their unique zero-carbon vehicles, which have appeal in the commercial and consumer marketplaces, as well as supporting with public-sector emission, efficiency and active travel targets.

The company has already gained support from key partners including Scottish Power Energy Networks, Scottish Enterprise, The University of Edinburgh, The University of Strathclyde, and EIT Climate-KIC, and has received public and private investment of £725,000 in 2019.

Product development

With a range of products currently in the development and testing phase, the brand has already secured more than 70 pilot and trial agreements (including with the NHS, Social Bite, Zedify and a number of City and County Councils in England, Scotland, Wales and Ireland).

The trials support businesses with operational decisions around fleet percentages and will help to secure the initial orders required for when the final models roll-off the production line early Q3 2020.

A zero-carbon transport solution

PeddleSmart’s zero-carbon vehicles offer a low-cost, healthy and planet-friendly way to transport people, products and things. The company has developed its FlexiQuad™ range of pedal-powered, electric assist vehicles to be durable, affordable and most importantly, to support towns and cities with tackling urban transport planning challenges.

More than 33% of all emissions in the UK come from transport and the FlexiQuads™ are designed for commercial or private use to help meet climate and active travel targets. Our sales forecast with support of the Green Investment Portfolio is 13,887 FlexiQuad™ vehicles (2019-23), which is considerably less than the UK volumes of 36 million (cars and LGV). So, if 1% adoption in the UK B2B and B2C markets the saving will be 170,000 tCO2e (per year).

The FlexiQuad™ supports every transport sector, overcomes most current challenges and has been designed to break down the barriers that prevent cycles from becoming the main transport method for freight and people carrying in the last mile.

One FlexiQuad™ connects to a range of interchangeable attachments to move people, freight, hot or cold food, or tools and machinery easily, and bespoke models have been developed for Council maintenance teams and waste collection, food deliveries, freight, and passenger carrying. They do not require any special licenses, tax or permits for them to be in operation and they can be safely used in shared pedestrian areas, traffic-restricted zones and in cycle lanes and bus lanes.

UK first, manufactured in Scotland

FlexiQuads™ are a UK manufacturing first, with production in Scotland. PeddleSmart is dedicated to helping local communities by offering genuine employment opportunities to local people, including those faced with barriers to employment.

Investment opportunity

£725,000 already secured through public and private investment, with a further £1 million sought to accelerate production and sales fulfilment following additional regional interest and create an additional 100 jobs.

All forms of investment structures considered. The investment will be used to accelerate production.

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Disclaimer

Whereas every effort has been made to ensure that the information in these pages is accurate, Scottish Enterprise and Scottish Development International does not accept any liability for errors, omissions or misleading statements. And no warranty is given, or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Investors will need to undertake their own due diligence in conjunction with individual project promoters/sponsors in relation to the detailed project investment opportunities presented.