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TECH NEWS

SpeedX secures $22 million investment

Chinese bike brand will use funding to develop R&D and production capabilities, and there’s a new bike coming next month

Chinese bike brand SpeedX says that it has secured a second round of investment totalling US$22 million (£17.9 million) that will be used to build on its existing R&D programme and expand its production capabilities.

We first covered SpeedX here on road.cc back in March when it launched two aero road bikes, the Leopard and the Leopard Pro, with inbuilt technology that measures and displays your performance data as you ride. The bikes were offered on crowdfunding websites and smashed their funding targets.

SpeedX Leopard Pro - riding 1.jpg

We reviewed the Leopard Pro here on road.cc recently and we thought that it was “more miss than hit”.

Check out our SpeedX Leopard Pro review here. 

SpeedX Leopard Pro - stem and computer.jpg

Dave Atkinson said, “Heavy and stiff aero bike with subpar performance and integrated electronics that feel like a work in progress.”

We said that there’s plenty of room for improvement, and it looks like SpeedX is working on that with its new investment, although the source of that funding has not been disclosed. The initial investment in SpeedX was US$15 million (£12.2 million).

The company has been developing a new product, a road bike called Unicorn (main pic) that’ll be launched via Kickstarter in January 2017.

We’re told that the bike “will include many cutting edge technologies and components”, the nature of which will be disclosed next month. You can see from the pic that it features disc brakes.

For more on SpeedX go to www.speedx.com.

Mat has been in cycling media since 1996, on titles including BikeRadar, Total Bike, Total Mountain Bike, What Mountain Bike and Mountain Biking UK, and he has been editor of 220 Triathlon and Cycling Plus. Mat has been road.cc technical editor for over a decade, testing bikes, fettling the latest kit, and trying out the most up-to-the-minute clothing. We send him off around the world to get all the news from launches and shows too. He has won his category in Ironman UK 70.3 and finished on the podium in both marathons he has run. Mat is a Cambridge graduate who did a post-grad in magazine journalism, and he is a winner of the Cycling Media Award for Specialist Online Writer. Now pushing 50, he's riding road and gravel bikes most days for fun and fitness rather than training for competitions.

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