CLIP
World's 1st Plug & Play e-bike upgrade device ⚡️🚲
Last Funded October 2023
$2,747,490
raised from 114 investors
Highlights
1
🏅 Som (CEO) recognized as Top Innovator by MIT Technology Review
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🚀 1000+ units pre-sold with Zero marketing (D2C) plus a PO to upgrade legacy bike-share fleet (B2B)
3
🎓 Tech born out of MIT Media Lab
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TIME Magazine's "Best Inventions of the year" + Micromobility Europe's 2023 "Startup of the Year"
Our Team
CEO
MIT-trained design technologist, recognized by MIT Technology Review as a top innovator and a serial entrepreneur with more than two decades building consumer focused software and hardware products.
The idea for CLIP began to form soon after I started bicycling to work regularly, as I experienced the visceral problem millions of bicycle owners across the world share that dissuades them from riding a bicycle to work. No one wants to arrive at work sweaty and exhausted. 🥵 and regular e-bikes are over-engineered to be too heavy and expensive.
COO
Montpellier Business School trained MBA, Acumen fellow and innovation manager with more than a decade deploying sustainable tech across the world.
Eric D'A CorrellLead Mechanical Engineer
MIT trained engineer, Eric leads the complex engineering execution for CLIP that allows it to be compatible with all regular bikes.
Plug & Play e-bike tech for all bicycles. ⚡️🚲
The award winning CLIP is the only bike-upgrade tech that is ready to go out-of-the-box and needs no tools or modifications for installation.
See for yourself 👇🏾
1/8. What is the urgent problem CLIP is solving? 🙋🏾♂️
"If even half of these trips were made by bicycle, the world could save 300 million tonnes of CO2 per year, and $25 trillion in cumulative transport expenses by 2050. - ITDP
"If only everybody cycled as much as the Dutch, global carbon emissions would drop by nearly 700 million tonnes per year. exceeding the entire carbon footprint of most countries, including the UK, Canada, Saudi Arabia and Australia." - EuroNews
CLIP is solving for stemming the majority of tailpipe emissions from the typical 3 to 6 mile urban commutes by making it convenient to switch to bicycles from cars.
🚙 ➡ 🚲
2/8. Why invest in this particular solution? 📈
source : NPD
The global future of mobility is green with e-bikes at the forefront of green mobility.
And CLIP is democratizing access to e-bike tech. 🌎
CLIP is designed to upgrade both old and new bikes and is far more affordable and convenient than any competitor.
To facilitate quick onboarding, CLIP uniquely focuses on two UX goals: Maximum Compatibility and Full Plug & Play. You don't need tools to attach it and you don't need to modify your bike to make it work.
CLIP arrives ready to ride right out of the box and ready for manufacturing at scale.
3/8. This is a $50 billion opportunity.💰
The question is no longer whether millions will move to e-bikes in the next 5 years.
Rather, what will emerge as the most convenient & affordable way for those millions to access e-bikes?
CLIP is well positioned to disrupt this e-bike market that's expected to nearly double over the next 5 years. 💥
"The e-Bike market size is projected to reach USD 80.6 billion by 2027 from an estimated USD 49.7 billion in 2022, at a CAGR of 10.2% from 2022 to 2027" - ReportLinker
- Vision Research Reports
4/8. What the world has to say about CLIP 📣
5/8. First-time riders fall in love with CLIP 🥰
6/8. It works and our customers love their CLIP ❤️
With our first production batch of CLIPs delivered to customers across 38 states in the U.S, our CLIP riders have collectively clocked over 8000 miles. 🇺🇸⚡️🚴🏽♂️
Bikeshare loves CLIP.
We are preparing a pilot with two bikeshare operations based in Buffalo, NY and NewHaven, CT. To upgrade their legacy fleet of all non-electric bikes with the CLIP V1.5 system, a bikeshare focused variant based on the core CLIP platform.
Conclusion of a technical report prepared by the Rochester Institute of Technology (RIT) on behalf of the New York State Pollution Prevention Institute (NYSP2I)