CYCLE provides electric utility e-bikes through a flexible monthly subscription model tailored for commercial delivery operations. Their service includes comprehensive maintenance, theft protection with GPS tracking, and options for various cargo and commuter e-bike models. This offering allows businesses to secure reliable, serviced electric fleet vehicles without the burden of ownership overhead.
Funding
$29.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AFounders
Product
Problem
Last-mile delivery operations in urban areas face challenges related to high costs, inefficiencies, and environmental impact due to the reliance on traditional vehicles. Couriers and delivery companies struggle with expenses and logistical issues in densely populated cities.
Solution
CYCLE provides a subscription service for serviced electric vehicles, including e-bikes and cargo bikes, designed to optimize last-mile delivery. The company offers a range of high-performance electric vehicles suitable for urban environments, coupled with in-house service and maintenance to minimize downtime. CYCLE's subscription model includes theft protection and GPS tracking, providing peace of mind and enabling efficient fleet management. By utilizing electric mobility, CYCLE helps businesses reduce delivery costs, streamline operations, and minimize their environmental footprint. The company operates in over 100 cities across Europe, offering a sustainable and efficient transportation solution.
Target Audience
CYCLE primarily serves couriers, delivery companies, and businesses seeking sustainable and efficient last-mile delivery solutions in urban areas.
Features
- Full-service e-bike subscription model
- Utility e-bikes designed for high-performance and extended range
- In-house service and maintenance included in the subscription
- Theft protection with reduced deductibles and GPS tracking
- Diverse e-bike collection, including the 20FIFTY series with up to 150 km range
- Custom-designed cargo boxes and side bags for efficient delivery
- Fleet management tools for health monitoring, theft prevention, and remote software updates