Crowdcube #FundedClub member, LUMO, is set to return to crowdfunding platform Kickstarter to raise funds for three new products next month. The company took to its Twitter account to announced the big news on Tuesday.
— LUMO (@LUMO_cc) August 23, 2016
LUMO designs jackets and bags for cyclists that subtly incorporate ultra-high brightness LEDs. These lights are waterproof, washable and powered by a detachable USB-rechargeable battery unit. They are completely concealed until they are switched on, then visible from up to 400 meters when illuminated. LUMO also uses quality fabric technology and cycling-friendly design with the aim of ensuring that cyclists are kept dry, their temperature is moderated, and they are comfortable riding their bike. Currently, the company has a patent (number 1414215.2) pending on its system.
“LUMO has been crowdfunded to date, via both Kickstarter and Crowdcube, where we raised £74,118 and £256,520 respectively. We’ll be raising an expansion round in mid to late-2016 to fuel LUMO’s international growth plans, as well as offering our crowd backers the chance to follow their money. Ideally, this would include a lead strategic investor who can help us to scale quickly into other geographies.”
The company shared:
“We’ve had another bright idea. On September 13th we are launching three innovative products to the world on Kickstarter. They have been a long time coming, but we’re pretty sure you’re going to love them.”
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