The ‘most affordable’ DIY e-bike kit company just launched a new $349 version
Swytch, makers of the self-proclaimed “most affordable” electric bike conversion kits out there, announced its newest model this morning. The UK-based company’s new Swytch GO kit comes with a super low pre-order price of just £299 (or US $349 for North American customers), though there’s a bit of a catch.
The catch is that’s the pre-order price if you don’t mind joining a waitlist, or you can pony up twice that figure for an immediate purchase.
Swytch has previously been overwhelmed by demand when the company has released past versions, and so this might be a way to smooth out production curves and moderate all of the immediate demand they see when launching new models.
One of the reasons Swytch has been so popular during past releases is that ultra-affordable entry price, though the sleek design and ease of installation surely don’t hurt sales either. With over 85,000 Swytch kits already on the road, according to the company, DIY electric bike conversions still seem as popular as ever.
As Swytch’s CEO Oliver Montague commented:
“This is an exciting time for Swytch. Consumers are looking for more affordable and sustainable transport options, and the Swytch GO Kit is the ideal solution. Installation has also never been easier, so anyone can enjoy the benefits that electric bikes have to offer.”
With the new Swytch GO kit announced this morning, the 250W front motor remains unchanged from previous versions of the kit, but a new velcro-mounting GO battery has been added, offering more mounting options.
The previous Air battery, which is still available as an alternative option to the GO battery, was mounted directly to the handlebars. With the GO battery, riders can now mount the battery inside of the front triangle. The increased mountain options make it easier to fit the kit on different styles of bikes.
Additionally, the GO battery comes in three versions of GO, GO+, and GO++, offering anywhere from 15 to 60 miles (25-100 km) of pedal-assist range. The Air battery was famous for being small enough to just about be carried in a rider’s pocket, though the GO batteries are still quite small and can easily be tucked in a bag to avoid being left on the bike in theft-prone areas.
Weighing between 2-2.6 kg (4.5-5.7 lb) depending on the model, the GO batteries are fairly lightweight and easy to handle. They’re also IPX6 rated to withstand all-weather riding, and are certified to UL standards for safety.
With just 250W of power from that front hub motor, the Swytch GO kit is designed for cycling-ready commuters who are already comfortable with pedal assist. However, throttle-loving riders will be happy to know that an optional hand throttle is offered as an accessory. It can be added to the kit (where allowed by law) to offer throttle riding with power on demand that doesn’t require pedaling to initiate.
It’s all part of Swytch’s efforts to continually update the technology and the practicality of their kits, as the company’s CTO Dmitro Khroma explained:
“Our company mission is to make e-bikes accessible to everyone. So in reaction to consumer economic pressures, we wanted to bring down the entry-level price point for customers to pre- order a Swytch kit to just £299, but without compromising on quality, performance, or the safety of our batteries. These quality and safety features include ensuring that the battery is water-resistant, impact-resistant, and shock-resistant, and has been thoroughly tested to the highest standards so they are safe to use and recharge at home.
By redesigning the battery pack with a larger form factor, embedding the power electronics inside the pack together with the battery, and designing a super-simple mounting solution that uses Velcro straps to strap the battery pack anywhere on the bike, we managed to bring down the price significantly. Plus, as an added bonus, the result was an e-bike kit that is even easier and faster to install, and with increased range of up to 60 miles.”
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Rondo Energy and energy producer EDP are installing a massive 100 MWh renewable-powered heat battery at HEINEKEN’s brewery in Lisbon, Portugal. The project will deliver round-the-clock renewable steam and reduce emissions without altering the facility’s beer brewing process.
Brewing HEINEKEN with zero-carbon steam
The Rondo Heat Battery (RHB) will be the biggest deployed in the beverage industry worldwide. It can store electricity as high-temperature heat using refractory bricks, then convert that heat into 24/7 steam, all without burning fossil fuels.
At HEINEKEN’s Central de Cervejas e Bebidas Brewery and Malting Plant, the heat battery system will supply 7 MW of steam, powered by renewable electricity from onsite solar and the grid. That steam is identical to steam created by gas-fired boilers, but without the carbon pollution.
EDP is providing the renewable electricity and will deliver the steam directly to HEINEKEN via a Heat-as-a-Service model. Rondo is supplying the battery, and HEINEKEN gets to ditch fossil fuels without retooling its brewing process.
Why this matters
This project is a big win for industrial decarbonization. High-temperature steam is one of the most complex parts of manufacturing to electrify, and the beer industry runs on it. HEINEKEN’s Lisbon site already uses solar panels for electricity and electric heat pumps for hot water, and this move helps it go even further.
It’s part of HEINEKEN’s “Brew a Better World” plan to hit net zero emissions by 2040 and decarbonize all of its global production sites by 2030.
Additionally, the deployment aligns with Portugal’s national target of reducing greenhouse gas emissions by 55% by 2030.
The bigger picture
With the European Investment Bank and Breakthrough Energy Catalyst backing this and other Rondo projects with €75 million in funding, this Lisbon installation is just the beginning. Rondo’s technology enables energy-hungry industries to switch from fossil fuels to renewable electricity without compromising 24/7 operations.
Rondo CEO Eric Trusiewicz sums it up: “We are thrilled to be installing our first Rondo Heat Battery in Iberia, and to support HEINEKEN to reach its goals. We look forward to helping industries across Iberia cut costs and carbon, and help Iberia capitalize on the opportunity.”
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Lucid Group (LCID) reported third-quarter earnings after the market closed on Wednesday, missing top and bottom-line estimates.
With 4,078 vehicles delivered in Q3, Lucid marked its seventh straight quarter with higher deliveries. Through the first nine months of 2025, Lucid delivered nearly 10,500 vehicles, more than the roughly 10,200 it handed over in 2024.
Although supply chain issues hampered production in the first half of the year, Lucid’s CEO Marc Winterhoff said the company made “significant progress ramping production of the Lucid Gravity through Q3,” including adding a second manufacturing shift at its Casa Grande, Arizona, plant.
Lucid produced 3,891 vehicles in Q3, missing estimates of around 5,600. With 9,966 EVs produced through the third quarter, Lucid will need to build over 8,000 more to meet its full-year production goal of 18,000 to 20,000.
According to estimates, Lucid is expected to report an adjusted quarterly loss of $2.27 per share on revenue of $352 million in Q3 2025.
Lucid Group Q3 2025 earnings breakdown
Lucid missed top and bottom-line estimates as it continues to address industry-wide supply chain issues that are hampering production of the Gravity SUV.
Although it missed estimates, Lucid reported Q3 revenue of $336.6 million, which is still up 68% from $200 million in the same period last year.
Lucid’s net loss narrowed to $978.4 million in the third quarter, or $3.31 per share, from $992.5 million, or $4.09 per share, in Q3 2024. On an adjusted basis, Lucid posted a loss of $2.65 per share.
In addition, Lucid said it agreed with Saudi Arabia’s Public Investment Fund (PIF) to increase the delayed draw term loan credit facility (DDTL) from $750 million to around $2 billion.
Given the increase, Lucid said total liquidity would have been around $5.5 billion at the end of Q3, up from the $4.2 billion it reported. Lucid ended the third quarter with $1.6 billion in cash and equivalents.
Lucid said liquidity is enough to fund it through the first half of 2027, up from the second half of 2026, as previously forecast. Lucid plans to launch production of its more affordable midsize platform in late 2026 with vehicles starting at around $50,000.
Lucid confirmed it was still on track to start production of the midsize platform later next year. However, given the supply chain issues, it now expects to hit the lower end of its production goal at around 18,000.
Winterhoff said the company “remains intensely focused on ramping up production and addressing the significant supply chain disruptions impacting the entire industry.”
Lucid is advancing other emerging tech, including autonomy and intelligent mobility. Through a new partnership with NVIDIA, Lucid aims to be among the first to offer Level 4 autonomous driving.
The third-quarter earnings miss comes after Rivian (RIVN) beat expectations this week, reporting higher revenue and improving gross margins.
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Robinhood beat Wall Street expectations for the third quarter on Wednesday, extending a hot streak that has made it one of the biggest large-cap U.S. tech stocks this year.
Here is how Robinhood’s results compared to Wall Street estimates, according to analysts surveyed by LSEG:
- Earnings per share: 61cents vs. 53 cents expected
- Revenue: $1.27 billion vs. $1.19 billion expected
Revenue doubled year-over-year, while net income climbed to $556 million, or 61 cents per share, up significantly from the same quarter last year, when the company posted net income of $150 million, or 17 cents per share.
Transaction-based revenue, which is a proxy for trading activity, came in at $730 million, below StreetAccount’s $739 million estimate.
“Q3 was another strong quarter of profitable growth, and we continued to diversify our business, adding two more business lines — Prediction Markets and Bitstamp — that are generating approximately $100 million or more in annualized revenues,” finance chief Jason Warnick said in the release.
Robinhood is closing the gap with Coinbase as it pushes beyond retail trading into full-scale wealth management. The company has been aggressively offering deposit matches to lure clients from Fidelity and Schwab, and assets under management have grown with its TradePMR acquisition.
Robinhood year-to-date stock chart.
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