Eskuta
Deal Type
Debt Finance
Initial Investment
November 2019
Sector
Industrials & Engineering
Fund
Growth Capital
Status
Current
Eskuta are designers and manufacturers of electric bikes and scooters for the eCargo and personal/leisure markets, all assembled from their HQ in Nuneaton, Warwickshire.
Established in 2015, Eskuta has worked with the likes of Domino's Just Eat and Papa Johns. It specialises in developing electric vehicles tailored for urban deliveries of both food and shopping, providing a cheap and efficient solution for the last-mile delivery market.
Maven backed the business with funding through MEIF Maven Debt Finance.
Maven has helped Eskuta bridge the stock funding gap that was a continual problem for the business, and which hindered any prospect of Eskuta expanding and fulfilling its potential. The new funding has therefore allowed us to grow the business exponentially in the B2B sector.
Ian O’Connor, Manging Director for Eskuta Ltd