Lithuanian Innovation Combines Fitness and Energy: Exercise Bike Capable of Charging a Laptop Enters the Global Market with Finora Bank’s Support

Have you ever wondered whether your movements while exercising could become a source of energy? Lithuanian start-up Tukas EV has turned this idea into reality by creating HR Bank – an exercise bike that also functions as an electricity generator. By pedalling at home, in a country house, at the office or even in a forest, users can generate and store electricity. Just 15 minutes of active pedalling can generate enough energy to charge a smartphone, while an hour can charge a laptop.

Distinguished by its design and functionality, HR Bank has already received international recognition, winning the prestigious iF Design Award Gold. This marks the first time a product created in Lithuania has received this distinction.

HR Bank combines an exercise bike, electricity generator and 2 kWh energy storage system in a single device. The stored energy is sufficient to power a refrigerator for up to three days, charge more than 20 laptops or make approximately 150 cups of coffee. The device can also be connected to solar panels to store surplus energy or used as a backup power source.

“The idea of generating clean energy came from watching my children and seeing just how much energy they have. It made me wonder: what if all that energy could be put to practical use?

“The outbreak of the war in Ukraine and increasingly frequent disruptions to the electricity supply became a turning point. It reinforced our understanding that energy independence is becoming important for everyone – even small households. We wanted to create a device that would be both functional and aesthetically pleasing, so it could fit equally well in a living room, an office or a classroom.

“Although we had a clear vision, developing the prototype took longer than expected, and the costs significantly exceeded our initial resources,” says Jonas Navickas, founder of Tukas EV

Even the Best Ideas Can Stall Without Financial Support

As Tukas EV approached the final stage of production, the company required additional financing. A loan from Finora Bank enabled it to complete the work on schedule and bring the product to market.

“At that point, we needed a fast and reliable solution. Finora Bank not only took the time to understand our business but also recognised the potential of HR Bank from the very beginning. The loan helped us not only launch the product but also achieve an international breakthrough and gain recognition. Today, HR Bank is already being shipped to several European countries, and we will soon begin production for the global market,” says Navickas.

A Bank That Supports Business Growth

The success story of Tukas EV illustrates how the right financial solution can help a company advance to its next stage of development. Finora Bank works with companies seeking financing to move forward, expand production, invest in equipment, enter new markets or improve operational efficiency.

“Our goal is to help ambitious businesses grow. We work with every client individually, which means that we always take the time to understand their business model and growth plans. We offer financing solutions that reflect real business needs and development plans instead of trying to fit every company into the same template,” says Mangirdas Kireilis, Chief Business Officer at Finora Bank.

Finora Bank provides business loans starting from EUR 25,000 to companies operating in manufacturing, exports, real estate development, services and other sectors.

A Sustainable Product, a Clear Need and the Right Financial Solution

The cooperation between Tukas EV and Finora Bank demonstrates the importance of making a decisive choice at the right time. When the company needed funds to complete production, it chose a business loan – a solution that opened the door to international markets. Today, HR Bank is exported to countries around the world and is chosen by companies and consumers who value sustainability and energy independence.

It is an example of how a business with a clear direction can grow with confidence when supported by a financial partner focused on its genuine potential.