{"id":76050,"date":"2024-08-22T16:00:59","date_gmt":"2024-08-22T20:00:59","guid":{"rendered":"http:\/\/autosector.com\/?p=76050"},"modified":"2024-08-22T16:00:59","modified_gmt":"2024-08-22T20:00:59","slug":"this-wacky-looking-499-e-bike-conversion-kit-is-raising-10m","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=76050","title":{"rendered":"This wacky-looking $499 e-bike conversion kit is raising $10M"},"content":{"rendered":"<figure class=\"img-border featured-image\">\n\t<img fetchpriority=\"high\" width=\"1600\" height=\"800\" src=\"https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-header.jpg?quality=82&amp;strip=all&amp;w=1600\" class=\"skip-lazy wp-post-image\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-header.jpg?w=320&amp;quality=82&amp;strip=all&amp;ssl=1 320w, https:\/\/i0.wp.com\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-header.jpg?w=640&amp;quality=82&amp;strip=all&amp;ssl=1 640w, https:\/\/i0.wp.com\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-header.jpg?w=1024&amp;quality=82&amp;strip=all&amp;ssl=1 1024w, https:\/\/i0.wp.com\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-header.jpg?w=1500&amp;quality=82&amp;strip=all&amp;ssl=1 1500w\" decoding=\"async\" fetchpriority=\"high\"\/><\/figure>\n<p>We\u2019ve seen a lot of electric bike conversion kits over the years, but none are quite as interesting-looking as the <a href=\"http:\/\/clip.bike\">Clip kit<\/a>. And now the company isn\u2019t just standing out on the street, it\u2019s also standing up and raising a $10M Series A funding round to expand its operations.<\/p>\n<p><span id=\"more-376794\"\/><\/p>\n<p>We first started covering the Clip kit <a href=\"https:\/\/electrek.co\/2021\/01\/05\/clip-electric-bike-conversion-kit-old-school-design-new-twist\/\">back in 2021<\/a>, when the invention was in its early stages but had already achieved its unicorn-like form.<\/p>\n<p>In 2023, we finally got a chance to test out the Clip e-bike conversion kit in person <a href=\"https:\/\/electrek.co\/2023\/06\/19\/coolest-e-bikes-and-more-we-saw-at-micromobility-europe-2023\/\">at the Micromobility Europe conference<\/a> in Amsterdam. You can see the testing experience in the video below, but the real takeaway is just how simple it seemed to install and remove the kit from a bike.<\/p>\n<figure class=\"wp-block-embed alignwide is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<p>\n<iframe id=\"post-youtube-video-1\" title=\"The coolest e-bikes, scooters and more at Micromobility Europe 2023!\" width=\"500\" height=\"281\" data-src=\"https:\/\/www.youtube.com\/embed\/xUVfJGvHxjE?start=70&amp;feature=oembed&amp;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen=\"\">[embedded content]<\/iframe>\n<\/p>\n<\/figure>\n<p>That\u2019s the real beauty of the Clip kit: The entire device is easily removable, returning the donor bike back into a pedal bike. Some e-bike riders might want to go electric permanently, but others just want to occasionally give their pedal bike some boost, and that\u2019s where the Clip kit comes in. It adds extra power when riders want it, but doesn\u2019t leave extra bulk on the bike when it\u2019s not needed.<\/p>\n<p>The physical drive system found in the kit isn\u2019t the most innovative by itself, featuring a friction drive that spins the front tire via a roller system. Friction drives were common on some of the earliest e-bikes over two decades ago, and weren\u2019t without their own downsides. But their ability to avoid interfacing with the rest of the bike is one of their advantages, and a friction drive has never been implemented quite like the way Clip has done it here.<\/p>\n<p>That innovation, offering the system in an easily removable format, not to mention the impressively low entry-price of $499, is helping the company expand quickly. Now with growth on their minds, Clip is seeking a $10M Series A funding round, according to <a href=\"https:\/\/www.axios.com\/pro\/climate-deals\/2024\/08\/21\/clip-raising-10m-for-e-bike-conversion-kit\"><em>Axios<\/em><\/a>.<\/p>\n<p>This isn\u2019t Clip\u2019s first big raise. The company already closed a $2.8 million seed round led by Motovolt Mobility back in November, adding to nearly $2 million in previous raises over the company\u2019s history.<\/p>\n<figure class=\"wp-block-gallery alignwide has-nested-images columns-default is-cropped wp-block-gallery-2 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure data-wp-context=\"{&quot;uploadedSrc&quot;:&quot;https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-removed.jpg?quality=82u0026strip=all&quot;,&quot;figureClassNames&quot;:&quot;wp-block-image size-large&quot;,&quot;figureStyles&quot;:null,&quot;imgClassNames&quot;:&quot;wp-image-376919&quot;,&quot;imgStyles&quot;:null,&quot;targetWidth&quot;:1000,&quot;targetHeight&quot;:1020,&quot;scaleAttr&quot;:false,&quot;ariaLabel&quot;:&quot;Enlarge image&quot;,&quot;alt&quot;:&quot;&quot;}\" data-wp-interactive=\"core\/image\" class=\"wp-block-image size-large wp-lightbox-container\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1020\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" data-id=\"376919\" src=\"https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-removed.jpg?quality=82&amp;strip=all\" alt=\"\" class=\"wp-image-376919\" srcset=\"https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-removed.jpg 1000w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-removed.jpg?resize=147,150 147w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-removed.jpg?resize=294,300 294w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-removed.jpg?resize=768,783 768w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-removed.jpg?resize=343,350 343w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-removed.jpg?resize=140,143 140w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-removed.jpg?resize=980,1000 980w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-removed.jpg?resize=150,153 150w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"\/><button class=\"lightbox-trigger\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"Enlarge image\" data-wp-init=\"callbacks.initTriggerButton\" data-wp-on--click=\"actions.showLightbox\" data-wp-style--right=\"context.imageButtonRight\" data-wp-style--top=\"context.imageButtonTop\"><br \/>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewbox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\"\/>\n\t\t\t<\/svg><br \/>\n\t\t<\/button><\/figure>\n<figure data-wp-context=\"{&quot;uploadedSrc&quot;:&quot;https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-riding.jpg?quality=82u0026strip=all&quot;,&quot;figureClassNames&quot;:&quot;wp-block-image size-large&quot;,&quot;figureStyles&quot;:null,&quot;imgClassNames&quot;:&quot;wp-image-376920&quot;,&quot;imgStyles&quot;:null,&quot;targetWidth&quot;:1000,&quot;targetHeight&quot;:1434,&quot;scaleAttr&quot;:false,&quot;ariaLabel&quot;:&quot;Enlarge image&quot;,&quot;alt&quot;:&quot;&quot;}\" data-wp-interactive=\"core\/image\" class=\"wp-block-image size-large wp-lightbox-container\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1434\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" data-id=\"376920\" src=\"https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-riding.jpg?quality=82&amp;strip=all&amp;w=714\" alt=\"\" class=\"wp-image-376920\" srcset=\"https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-riding.jpg 1000w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-riding.jpg?resize=105,150 105w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-riding.jpg?resize=209,300 209w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-riding.jpg?resize=768,1101 768w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-riding.jpg?resize=714,1024 714w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-riding.jpg?resize=244,350 244w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-riding.jpg?resize=140,201 140w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-riding.jpg?resize=697,1000 697w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/clip-kit-riding.jpg?resize=150,215 150w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"\/><button class=\"lightbox-trigger\" type=\"button\" aria-haspopup=\"dialog\" aria-label=\"Enlarge image\" data-wp-init=\"callbacks.initTriggerButton\" data-wp-on--click=\"actions.showLightbox\" data-wp-style--right=\"context.imageButtonRight\" data-wp-style--top=\"context.imageButtonTop\"><br \/>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewbox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\"\/>\n\t\t\t<\/svg><br \/>\n\t\t<\/button><\/figure>\n<\/figure>\n<p>It may limited in power and range, but the Clip kit is designed more for cyclists who just want an extra push, but don\u2019t want to commit their existing bikes to permanent e-bike duty.<\/p>\n<p>With more wind in their sails (and cash in their pockets), Clip\u2019s e-bike conversion kits might soon be popping up on more streets around you soon.<\/p>\n<div class=\"ad-disclaimer-container\" readability=\"6.3518518518519\">\n<p class=\"disclaimer-affiliate\"><em>FTC: We use income earning auto affiliate links.<\/em> <a href=\"https:\/\/electrek.co\/about\/#affiliate\">More.<\/a><\/p>\n<p><a href=\"https:\/\/ad.doubleclick.net\/ddm\/clk\/589873348;397915507;k\"><img decoding=\"async\" class=\"alignnone size-full wp-image-375175\" src=\"https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/08\/Volvo_Electric_Electrek_NativeBanner_750x150.gif\" alt=\"\" width=\"750\" height=\"150\"\/><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019ve seen a lot of electric bike conversion kits over the years, but none are quite as interesting-looking as the Clip kit. And now the company isn\u2019t just standing out on the street, it\u2019s also standing up and raising a $10M Series A funding round to expand its operations. We first started covering the Clip [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-76050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/76050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76050"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/76050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76050"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}