Centaur Robotics, a Birmingham-based mobility solutions company, raised £500,000 from the Midlands Engine Investment Fund to finalize the development and production of its self-balancing electric wheelchair, the Centaur.

Information on the Target

Centaur Robotics, a mobility solutions company based in Birmingham, has successfully secured £500,000 from the Midlands Engine Investment Fund (MEIF I). This funding is administered through the MEIF West Midlands Equity Fund, managed by Midven, which is part of the Future Planet Capital Group. Furthermore, Centaur Robotics has attracted additional financing from Seedrs and angel investors to support its innovative endeavors.

The company is currently in the process of completing development on its cutting-edge product—an electric self-balancing wheelchair named the Centaur. This revolutionary design offers enhanced mobility for users both within and outside of their homes, as it self-balances on two wheels, which significantly improves maneuverability compared to traditional four-wheeled wheelchairs. The Centaur has been developed by a team of automotive engineers led by Paul Campbell, a distinguished former designer at Ford Motor Company.

Industry Overview in the UK

The wheelchair market in the United Kingdom is critical, especially considering there are approximately 1.2 million wheelchair users across the nation. Wheelchairs are essential tools for disabled individuals, enabling independent living