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UK pledges £1 million funding for transport technology start-ups

electric bike

The UK government’s transport department has invited transport technology start-ups to bid for a share of £960,000 in funding.

Targeted at early-stage research projects, the Department for Transport (DfT) grant will offer £30,000 in funding in help projects get to market quicker.

A spokesperson for the DfT said ecommerce delivery start-ups would be included, including SMEs and academics.

Electronic bike company FLIT was a previous recipient of the funding, introducing a folding e-bike in summer this year. Funding has also been awarded to an electric HGV range extender and electric cargo bikes.

Decarbonisation is one of the main goals of the project, as well as improving accessibility in transport.

The future of transport minister George Freeman MP said: “This government is committed to improving the UK’s transport network, from tackling air pollution to fixing potholes for good.

“We now have an exciting opportunity to stimulate the brightest thinkers in our universities and small business networks to try out novel solutions to fix legacy problems across our transport system and realise their visions for the future.

“Schemes like this grant will ensure the UK retains its reputation as a world-leading innovator, and I encourage early-stage businesses in the transport sector to apply for the funds available.”

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