The startup offers an e-bike subscription platform that provides three service tiers, enabling users to access electric bicycles without the burden of ownership. This model helps users bypass traffic congestion while promoting environmentally sustainable transportation alternatives.
Funding
$870K 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.
Founders
Product
Problem
Traditional Cycle to Work schemes can be complicated for both employees and employers, often involving vouchers, spending limits, and complex administration. This complexity can deter participation and limit the accessibility of cycling as a commuting option.
Solution
DASH Rides streamlines the Cycle to Work scheme by offering an e-commerce platform that simplifies bike and accessory acquisition for employees while reducing administrative overhead for employers. Employees can access a wide range of bikes, e-bikes, clothing, and accessories through a single online store, paying via salary sacrifice to save on income tax and national insurance. DASH handles the complexities of regulatory compliance and provides tools for employers to manage employee participation with minimal effort. The platform offers flexible subscription options, bike share access, and direct shipping, making cycling more accessible and affordable.
Target Audience
DASH Rides targets UK-based companies looking to offer a comprehensive and easy-to-manage Cycle to Work scheme to their employees, as well as employees seeking a cost-effective way to access bikes, e-bikes, and cycling equipment for commuting and leisure.
Features
- Online store with over 20,000 cycling products, including bikes, e-bikes, clothing, and accessories
- Flexible subscription options with terms as short as one month, including theft cover and on-demand repairs
- Integration with bike share programs, providing access to shared bikes through salary sacrifice
- Automated payroll calculations and reporting to simplify administration for employers
- No upfront costs or financing agreements required for employers
- Direct delivery of bikes and accessories to employees
- Carbon offsetting of subscription bikes by 400%
- FCA regulated, ensuring compliance with financial regulations