MOTOKLIK raises €300,000 in Investor Funding
3rd March 2021
Motoklik, an Irish Motorsport Tech start-up, has raised €300,000 in seed funding from investors and Enterprise Ireland. Along with supporting the creation of 10 roles, the funding will also be used to complete the commercial design of the product and launch it into the market.
The company, which was founded in 2018 by Jens Köpke, a former Research and Development Engineer with Bausch and Lomb, and Ireland’s Best Young Entrepreneur category winner, is seeking to make racers faster and safer by improving their suspension setup.
Jens has been racing off-road motorcycles for over 20 years. In 2016, he injured himself in a crash caused by an incorrect suspension setup. As a result, he had the idea to create Motoklik.
Motoklik’s product aims to reduce the need for riders to rely on the “feel” of their suspension setup. Market research carried out by Motoklik revealed that 90% of racers report issues with their suspension setup, such as being too stiff or soft, but lack data on what is the cause and extent of the problem.
Motoklik has developed a cloud-based Artificial Intelligence and Machine Learning platform in collaboration with the European Space Agency. Via a mobile app, it links to an in-house developed motorcycle suspension position monitoring system that provides racers, and race teams, with information on the best suspension setup for current track conditions.
Mr Köpke said the investment will put Motoklik in a position to take advantage of the booming off-road motorcycling sector and prove the technology works in one of the world’s toughest environments.
“Motoklik is a groundbreaking product in Motorsports,” says Mr. Köpke. “Where previously data acquisition and management was only for top end race teams, now our AI and Machine Learning system can help teams and racers at every level to find the best setup, letting them concentrate on one thing – Winning!”
Welcoming the funding announcement Enterprise Ireland’s Niall McEvoy, Manager HPSU said, “We are proud to support Motoklik’s fundraising round to create 10 high value add jobs in Kilkenny over the next couple of years. Motoklik has developed a light, affordable, robust system to measure suspension movement developed for motorbikes. Jens Köpke is passionate about motor racing and his own experience drove him to use cutting edge technology to ensure that the sport is safer. This is a significant development for Motoklik and we look forward to working with Jens and his team in internationalising this innovative offer on this exciting venture.”
Motoklik is an ESA BIC (Business Incubation Centre) Ireland supported client company. ESA Space Solutions Centre Ireland Manager, Peter Finnegan, commented that, “Motoklik is an interesting example of another Irish company that is utilising Earth observation data to enhance its product offering. The company’s innovative use of technology to address a problem experienced by motorsport enthusiasts has global applicability.”
The new investment is led by a number of local investors and Enterprise Ireland, as well as further funding through the European Space Agency. As part of the process former Merlyn Showering CFO, Michael Kilcommons will join the board of directors.
MOTOKLIK joins the European Space Agencies Business Incubator
31st October 2019
It doesn't get much better than getting to work with the best, and the Motoklik team is beyond excited to be a part of the European Space Agencies Business Incubator, ESA BIC. The support from ESA is being used to give our customers ground breaking experiences in satellite positioning, remote data management and real time information streaming.
To find out more about ESA BIC, click here.
MOTOKLIK in Sunday Business Post Top 100 Start-Ups!
29th September 2019
It was with great delight that we opened the pages of the Irish Times Sunday Business Post to see our company Motoklik listed as one of the Top 100 start-ups "driving Ireland's entrepreneurial edge" This is a great accolade for our business, and makes our work made that much more worthwhile. We're looking forward to our next chapter in empowering confidence in Motorsports and bringing you Automated Suspension Set-Up.
MOTOKLIK Founder, Jens Köpke, Kilkenny IBYE Winner 2019!
30th April 2019
The 2019 Ireland's Best Young Entrepreneur (IBYE) competition for 2019 has begun with candidates from each county across the island of Ireland being awarded for their efforts, and being given the opportunity to represents themselves, their business, and their county at Regional and National Level. On Tuesday the 30th of April, the candidates for Kilkenny were gathered to the Smithwicks Experience centre where Minister for Local Government and Electoral Reform, John Paul Phelan (Pictured Left) was on hand to announce the winners. It was with great delight, that our founder Jens Köpke was given the trophy for Best Start-Up business along with an investment of €15,000 which will be put to good use to bring Motoklik to market. The Motoklik team are looking forward to supporting Jens in the Regional Final on the 19th of June.
MOTOKLIK - Top 3 Early Stage Business in Connaught and Leinster
31st October 2018
The InterTradeIreland Seedcorn Investor Readiness Competition is a highly competitive competition with a prize fund of €280,000. Now in it's 16th year, Seedcorn is Ireland's biggest business competition for innovative new start and early stage businesses in any sector. Each business must deliver an investment pitch in front of an expert judging panel comprising of venture capitalists, business angels and some of the island's leading business leaders. Speaking about the regional finalists, Shane O'Hanlon, Funding for Growth Manager at InterTradeIreland said; "To get to a regional final, companies have gone have already successfully submitted a visual representation of their business idea and a full business plan, so I'm delighted to offer my congratulations to all those who have reached this crucial stage. The standard of entries from Connaught and Leinster was very high and we look forward how the competition progresses."
MOTOKLIK Motocross Technology on Show at Toys 4.0 Engineers
11th October 2018
Motoklik was greeted with great enthusiasm at the 2018 edition of Waterford's "Toys 4.0 Engineers" Technology, Innovation and Recruitment conference. Motoklik's motocross technology stood alongside industry giants such as Ball, Teva and West Pharma, all located in the Waterford Region. On display was our 2018 Husqvarna FC 350 which drew crowds of people throughout the day eager to learn more about this amazing machine and our fantastic sport.
MOTOKLIK in Final 12 for INNOVATION NATION Start-Up Pitch Competition
27th November 2018
Startacus; "Just over a month ago we teamed up with the inaugural Innovation Nation 2018 to deliver Ascend, an all-Ireland tech start-up pitch competition, where NI and ROI early-stage startups will be given a platform to showcase their latest innovation.
Taking place in Newry in Northern Ireland on Thursday 27 September, the winning startup, to be announced that evening, will receive a cash prize of £3k plus a package worth £50k of high value corporate services."
MOTOKLIK - Best "NEW INNOVATIVE IDEA" at Regional Showcase and Awards
25th September 2018
During the showcase exhibition for Enterprise Ireland's South East New Frontiers business' of 2018, Motoklik was recognised alongside other strong business opportunities as the best "Innovative New Idea" to graduate from the esteemed entrepreneur development programme. It is a great confidence boost to have the unique and ground breaking offering of Motoklik rewarded after participation in such an intense and demanding undertaking, however, the future looks bright to continue on our path to give customers the best experience on two wheels.