Ambitious British bike brand Tresca have launched a campaign on the equity crowdfunding site Crowdcube to finance the opening of a production and assembly plant in London.
Review: Tresca TCA-1 105
road.cc Road Bike of the Year 2019/20
With just the aluminium-framed TCA-1 rim brake bike available at the moment (you can read our review of it above, and also see it bagged 4th place in our 2019 Road Bike of Year Awards recently), Tresca also want to use the funds to develop new products including a disc brake model. While funding from future customers via Kickstarter and Indiegogo has become commonplace with fledgling tech brands, equity crowdfunding is a slightly more unusual route, as is producing and assembling all bikes in the UK rather than going abroad. Tresca say their business model is inspired by Dell computers, selling direct to the consumer to cut costs.
Tresca say on their Crowdcube page: "The bike market is worth over $54bn globally, and in 2018 the UK market was worth £925m; approximately 25% of which come from road bike sales.
"The premium bike market average spend on bikes rose over the last five years. With this and governmental push for green transport, there is a space Tresca is well placed to exploit. Selling direct-to-consumer, Tresca has the potential to ship to over 200 countries worldwide, targeting the lucrative global bike market."
Investors are eligible for tax reliefs where they can claim up to 50% of invested money back from the government.
Tresca also aim to design a "radically novel urban speed machine", invest in grassroots racing and build an elite racing team. Their existing TCA-1 has a racey aluminium frameset, equipped with Shimano's 105 groupset and priced at an accessible £1,600. The aluminium frame has a double butted top tube and triple butted downtube with a wide section gusset for improved handling, which Tresca claims "pushes the boundaries of what is possible for an aluminium frame."
Tresca have raised just £3,230 from seven investors with a target of £200,000 at the time of writing, with six days left of their 'hidden' campaign left to go (only viewable if you have the url) before it gets posted for the general public to view on Crowdcube. The company also has a £1 million pre-money evaluation. You can find Tresca on Crowdcube here.
Good sprint for sure. Anybody know who came down in the crash and who caused it?
Tony Blackburn? Isn't he dead yet? Why do third-rate celebs think their witterings are worth listening to?
Sounds to me like they're getting ripped off. People have thrown together Raspberry Pi hardware along with a camera (there's some excellent camera...
Would it be too simple to say the categories are based on sex, not on gender?
I had to go and look that up and can only agree with you. Quite a handsome Coat of Arms as well.
Think you've got hold of the wrong end of the stick there, testosterone is reduced by taking testosterone blockers, not by 'taking oestrogen'....
I concur GP4000 is the hardest I've ever had to mount on a rim, Ultegra wheelset in my case. Shifted the outer skin on my thumbs!...
Another one who deliberately misuses the term. Looking for trouble. Yeah because in London you have to stake out a road all day to find one offence.
Ticks a box, doesn't it?...
Normally I don't have a small enough violin for them but in this case I guess it's possible that their office / secretary / intern submitted this...