CORNELIUS – The electric moped company Huck Cycles, headquartered in Cornelius, announced this week that it plans to deploy a recent financial investment in expanding its workforce.
Huck Cycles, founded in 2019 by Brett McCoy, who also works in recruitment for Wells Fargo, according to a LinkedIn profile.
“We have been working to grow Huck Cycles during the past few years and have gained solid traction with our riders who love our bespoke approach to building motorbikes,” said McCoy, in a statement.
The startup received investment at the tail end of 2021, according to a statement, from the investor group Clairvoyant Ventures. The venture firm invests in early stage companies, according to a LinkedIn profile of its founder, Steve Amedio.
“We specialize in angel investing in early stage tech startups,” Amedio’s profile notes. ” We also work closely with executives and management teams at high growth companies to tackle critical issues and growth opportunities facing their businesses.”
In addition to the expansion of the team, the company will use this new funding to procure components, it noted its statement.
“We discovered what many companies have learned, that supply chain challenges impact the ability to deliver your product to customers,” said McCoy. “I realized that for us to expand production and to tackle the supply chain issues through increased buying power, that we needed outside investment.”
The company notes that it began as a passion project. Now, Huck Cycles designs, fabricates and builds electric mopeds. In the Triangle, discussions over electric scooters launched conversations among community members in 2018.
But electric mopeds are different than electric scooters.
McCoy originally posted early prototypes and builds on the social media platform Instagram, and those posts led to orders from across the country.
That meant that McCoy needed to build the electric mopeds, which he did, moonlighting from his role at Wells Fargo in order to deliver to his growing customer list.
Eventually, McCoy hired additional team members, and now, the company is prototyping a new model of its moped called the Overland, and the moped known as the Stinger. Prices start at $5,400, according to the company’s website.
The company also offers a chance for customers to put their own finishing touches on their vehicle, through a program McCoy called Build Your Bike.
“Brett and the entire Huck team have really built a brand around hand-built custom motorbikes that are retro inspired, fun to ride and a true transportation option,” said Amedio. “The craftsmanship, from seats to tanks to the ride itself, are what sets Huck apart. As investors, we were interested in how this attention to detail can be preserved and delivered at scale. We are working with the entire Huck team to codify processes to simplify and increase efficiency.”