A husband-and-wife team from the northeast hope to deploy a fleet of solar-powered bicycles, creating jobs for ex-offenders.
Ken and Janet Hoskins expect the assembly and maintenance of their bikes and charging stations to create âinclusive employment opportunities,â especially for those who have gone through tough times.
They are now looking for additional investment to help them launch the kit in the UK as early as 2022, and overseas a year later.
Mr and Mrs Hoskins hope to raise total seed funding of Â£ 300,000 in exchange for a 5-10% stake, with a minimum investment of Â£ 30,000 per investor.
Frisco projects, their company, has already invested around Â£ 250,000 in the initiative.
Prototype designs are more than half complete and an intellectual property audit has been completed by patent attorney Marks and Clerk.
Frisco’s electric bikes would be recharged wirelessly at docking stations with solar panels.
These panels would provide enough power to exceed demand, even in winter, so there would be no need to connect the docks to the electricity grid.
This means that they can be installed in a wide range of locations with minimal infrastructure and management.
Mr. and Mrs. Hoskins believe that solar-powered bicycles would be ideal for public rental and daily commuting around the city center.
To date, they have worked with the Universities of Aberdeen and Strathclyde and participated in the Michelin Scotland Innovation Parc (MSIP) Business Accelerator Program in Dundee.
If all goes according to plan, 15,000 of their bikes will have been deployed worldwide by 2026.
Frisco said the prototypes “should be built in Scotland” and that assembly and maintenance of the kit would take place “as close as possible to the final locations”.
For a city the size of Aberdeen, Frisco anticipated the deployment of âa minimumâ of 500 e-bikes, which would require a team of around 10 people.
Mr. Hoskins is a Chartered Professional Engineer who has held leadership positions with major energy employers such as Wood and Worley.
He said: âRunning the business holistically and inclusively is our main founding principle and sustainability is at the heart of everything we do, from using green energy sources to powering bikes and empowering of people through employment creating an opportunity to give back. to those facing difficult times.
Ms Hoskins has worked for a number of organizations including multinationals, a council and the NHS.
She said: âOur intention is that our main drivers – profit, people, planet – feed off each other in a cyclical way that benefits as many as possible and has a positive and lasting impact on our planet.
MSIP Innovation Director Sarah Petrie said: âIt was great to welcome Frisco e-Bikes to the first cohort of the MSIP Accelerator program.
âWe are delighted to see Frisco e-Bikes continue to advance their plans for a new electric bike and solar charging station.
“We will continue to support the company on its business development journey and look forward to hearing more about its future success.”