The electric bike is being developed in 4 phases and 4 major UK firms are working on it.
There are 3 electric products namely the Glyde+, Evolve Z and Evolve R on offer at present.
It will likely go up against 200cc motorcycles in terms of performance.
The battery electric bike has a claimed 200 km range and 130 km/hr top speed.
Deliveries of the electric motorcycle will begin from October 2020.
They have now prioritised market expansion and setting up of new plant.
The EV start-up calls its creation the new generation electric bike which would be suitable for short journeys.