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Bike manufacturer raises more than £1m to begin European expansion

6 September 2022
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A Bristol bicycle designer and manufacturer, which produces sustainable bicycles and electric bicycles in the UK, has raised more than £1 million on Crowdcube to begin expansion into Europe.

Matt Mears started Temple after spending his university years repairing vintage bikes from the 60’s to the 80’s. He grew to love their dependable and elegant designs, and so, in 2014, he saw the potential in creating something from scratch, and went about designing the perfect bike. He combined what he loved about vintage bikes with the advances in materials, manufacturing and technology that have since filtered into the bike world.

Since the company raised £200k in 2017 it has increased revenues to £1.94 million, increased production capacity by moving into a 14,000 sqft facility in Bristol, gained 15,000 customers worldwide, exporting 16 per cent of bikes made.

Temple was inspired by the classic steel framed bikes that are still found on our streets today. Matt set out to emulate their dependable, timeless designs. Combining modern technology, craftsmanship and the finest materials, the company has created its own range of bikes that it hopes will one day become vintage.

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

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