UK-based mobile device brand Victor Mobility is set to close its equity crowdfunding campaign on Crowdcube with nearly £730,000 in funds from more than 575 investors. This news comes just days after the company secured its initial £600,000 funding target.
As previously reported, Victor Mobility is backed by The Royal Marines Charity and has partnered with design specialists, AMRC (Advanced Manufacturing Research Centre at the University of Sheffield). The company stated it is now developing a next generation, innovative mobility device that addresses the needs of wheelchair users and those with limited mobility.
“Whilst most electric wheelchairs & mobility scooters can move the user from point a to point b, they don’t enable them to operate in an able-bodied environment. Existing devices are typically bulky & don’t allow a user to negotiate kerbs, historic doorways, sit comfortably at a table or crucially, operate in a ‘social space’ at ‘social height’ (i.e. 1.5m eye line).”
Just after the initiative secured its initial funding target, co-founder of Victor Mobility, Phil Eaglesham, stated:
“Amazing that we are now overfunding. I can’t say thank you enough for everyone’s support. The emails I have received from disabled users and there families have been extraordinary to say the least. Proving how much this device will make a difference to people.”
Funds from the Crowdcube campaign will be used for completing Victor Mobility’s design process and bringing the device to the market. The initiative was originally supposed to close yesterday but was extended due to a technical error on the Crowdcube platform.
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