Dutch Startup Tworby Secures Funding for Innovative Bicycle-to-Tricycle Conversion
Nijmegen, Tuesday, 13 August 2024.
Nijmegen-based Tworby has received investment from the Gelderland Innovation and Energy Fund and business angels to scale up its balance module. This innovative device transforms standard bicycles into tricycles, enhancing mobility for the elderly and promoting longer, safer cycling experiences.
Enhancing Elderly Mobility
Tworby’s balance module is designed to convert standard bicycles, including e-bikes, into tricycles. This innovation particularly benefits elderly cyclists, enhancing their safety and stability on the road. Given that elderly cyclists often face higher risks of accidents, particularly with e-bikes, this technology aims to mitigate those risks and prolong the cycling capabilities of older individuals.
How the Balance Module Works
The balance module developed by Tworby is an attachable device that can be fitted onto any bicycle, transforming it into a more stable tricycle. This module is CE-marked as a medical device, ensuring compliance with European safety standards. Furthermore, the product is designed for easy installation, making it accessible for users without requiring significant technical expertise.
Company Background and Vision
Founded in 2019, Tworby has been committed to enhancing mobility for the elderly. The company, headquartered in Nijmegen, Netherlands, has been selling its patented balance module since 2020. With over 125 sales points in the Netherlands and Belgium, Tworby has established a strong market presence. The company’s mission is to offer a cost-effective alternative to purchasing new tricycles, thereby allowing seniors to maintain their independence and continue using their trusted bicycles.
Funding and Future Prospects
The recent investment from the Gelderland Innovation and Energy Fund (IEG) and various business angels, including those from the Business Angels Network of Oost NL, will enable Tworby to scale its operations. According to Timon de Leeuw, investment manager at Oost NL, the funding will be used to expand marketing activities, enhance product development, and increase brand awareness. This capital injection aims to solidify Tworby’s market position and meet the growing demand for mobility solutions among the elderly.
Impact on Society
Tworby’s innovative solution addresses a critical need in a rapidly aging society. As more people wish to remain active and independent, products like the balance module offer practical, affordable solutions to enhance their quality of life. The device not only promotes physical activity but also provides a safer means of transportation, reducing the likelihood of accidents and falls.
Community and Professional Support
To ensure users can fully benefit from the balance module, Tworby has partnered with a network of occupational therapists who provide cycling lessons. These professionals help users regain confidence and maximize the utility of their modified bicycles. Additionally, municipalities can subsidize the product through the Social Support Act (WMO), making it even more accessible to those in need.