Dutch Startup Tworby Secures Funding for Innovative Bicycle Conversion
Nijmegen, Tuesday, 20 August 2024.
Tworby, a Nijmegen-based company, has received investment from Innovatie- en Energiefonds Gelderland and business angels to scale production of its module that converts bicycles into tricycles. This innovation aims to enhance mobility and independence for the elderly.
The Innovation Explained
Tworby’s innovation lies in its balance module, a device that can be attached to any bicycle, including electric ones, to transform it into a tricycle. This conversion is particularly beneficial for the elderly, who might struggle with balance issues. The module’s design ensures that users can continue to use their familiar bicycles but with the added stability of three wheels. This not only enhances safety but also allows for greater independence and mobility.
How It Works
The balance module replaces the rear wheel of the bicycle with a hub that drives two side wheels independently. This configuration provides the necessary balance and support, making it easier for users to mount and dismount the bike safely. Additionally, the module includes a parking brake, which ensures the bicycle remains stationary when not in motion, further reducing the risk of falls. The module is only 72 cm wide, allowing it to fit through standard doorways and making it a practical option for everyday use.
Benefits to Users
The primary benefit of Tworby’s module is the increased safety it offers to elderly cyclists. By converting their bicycles into tricycles, users can maintain their physical activity and independence without the fear of falling. This is crucial as it allows them to perform daily activities, such as grocery shopping or visiting friends, with ease. The module is also cost-effective, providing a cheaper alternative to purchasing a new tricycle. Moreover, it is CE-marked as a medical device, ensuring it meets European safety standards.
Company and Funding
Tworby was founded in 2019 and has been selling its patented balance module since 2020. The recent investment from Innovatie- en Energiefonds Gelderland (IEG) and various business angels will enable the company to expand its production capabilities and further develop its product. With over 125 sales points in the Netherlands and Belgium, Tworby is well-positioned to meet the growing demand for its innovative solution. The funding will also be used to strengthen Tworby’s sales and marketing team and increase brand awareness.
Market and Future Prospects
The aging population in the Netherlands and beyond presents a significant market opportunity for Tworby. As more people seek to maintain their independence and mobility, the demand for products like Tworby’s balance module is expected to rise. The company’s collaboration with a network of occupational therapists, who provide cycling lessons to users, further supports its mission to improve the quality of life for the elderly. With this new funding, Tworby aims to refine its product to better meet market needs and continue its growth trajectory.