Zygg offers an e-bike subscription service that provides users with access to electric bikes for a low monthly fee, including maintenance, theft protection, and delivery options. This model addresses the high upfront costs and maintenance concerns associated with traditional bike ownership, making e-bikes accessible for commuters, families, and delivery riders.
Funding
$3.2M 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
Purchasing an e-bike outright involves significant upfront costs, ongoing maintenance responsibilities, and the risk of theft, creating barriers to entry for many potential riders. Traditional bike ownership models also lack flexibility, failing to cater to users with varying seasonal needs or those who want to test the e-bike experience before committing to a purchase.
Solution
Zygg offers a subscription service that provides access to e-bikes for a monthly fee, removing the financial burden and logistical hassles of traditional ownership. Subscribers receive a fully maintained e-bike, theft protection, and the option for at-home delivery and swap services. This model allows users to enjoy the benefits of e-bikes without long-term commitments, making e-bikes accessible for commuting, deliveries, or recreational use.
Target Audience
Zygg targets urban commuters, delivery riders, and recreational cyclists in Toronto and Vancouver who seek a flexible and hassle-free e-bike experience without the costs and responsibilities of ownership.
Features
- Monthly e-bike subscriptions with options for seasonal or annual plans
- Full-service maintenance and repairs, including flat tire assistance and component wear coverage
- Theft protection plans to mitigate financial losses in case of theft
- E-bike delivery and swap services for convenient maintenance and replacements
- Two-part locking system included with every e-bike, featuring a frame lock and plug-in chain
- Dedicated delivery plan with unlimited mileage for food delivery and courier services