This company provides e-bike subscription services featuring a curated selection of electric bicycles from various brands. Their offering includes comprehensive insurance coverage and maintenance support for urban mobility needs. Customers can choose flexible subscription terms, with options for employer-funded mobility benefits and eventual purchase.
Funding
$4.5M 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
Urban commuters face challenges such as traffic congestion, parking costs, and environmental concerns, making traditional transportation methods inconvenient and unsustainable. Owning and maintaining a personal vehicle in a city can be expensive and stressful.
Solution
Motto provides a subscription-based service for electric bikes, offering a convenient and eco-friendly alternative to traditional commuting. Subscribers can select from a range of e-bike models and benefit from included features like theft insurance, GPS tracking, and maintenance services. The service aims to simplify urban mobility by eliminating the burdens of ownership, such as depreciation, repairs, and storage. Motto allows users to choose a subscription plan that fits their needs, with options for different commitment levels and the possibility of employer-funded subsidies through sustainable mobility programs.
Target Audience
Motto targets urban commuters seeking a convenient, cost-effective, and environmentally friendly transportation solution, as well as employers looking to offer sustainable commuting benefits to their employees.
Features
- Wide selection of e-bike models, including standard and cargo options
- Subscription model with flexible commitment options
- Included theft insurance and GPS tracking for security
- Maintenance and repair services included in the subscription
- Option to purchase the e-bike at a preferential rate at the end of the subscription period
- Employer-funded options via sustainable mobility programs