Think Cycling is boring and everything’s been done before?
Think again.
If you’re in the Cycling industry or are interested in starting a company in this space, this article dives into 8 of the hottest fast-growing Cycling startups.
The 8 Best Cycling Fast-Growing Startups
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2,658 Accelerators & Incubators
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1,016 Unicorns
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
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1,016 Unicorns
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $501) Lime
Lime makes it possible for individuals to get around their cities in a cost-effective and convenient manner while reducing their carbon footprint.
Details of the startup:
- Country: United States
- City: San Francisco
- Started in: 2017
- Founders: Adam Zhang, Brad Bao, Caen Contee, Charlie Gao, Kazuma Furuki, Toby Sun
- Number of employees: 501-1000
- Funding amount: $945,000,000
- Number of funding rounds: 13
- Number of investors: 50
You can find their website here.
2) Zwift
Zwift is an online exercise platform that turns boring lonely indoor riding into exciting and social experiences.
Details of the startup:
- Country: United States
- City: Long Beach
- Started in: 2014
- Founders: Alarik Myrin, Eric Min, Jon Mayfield, Scott Barger
- Number of employees: 251-500
- Funding amount: $619,500,000
- Number of funding rounds: 8
- Number of investors: 16
You can find their website here.
3) The Pro's Closet
The Pro's Closet is a re-Commerce business that sells high-end pre-owned bikes and bike parts.
Details of the startup:
- Country: United States
- City: Boulder
- Started in: 2006
- Founders: Nick Martin
- Number of employees: 51-100
- Funding amount: $67,985,756
- Number of funding rounds: 5
- Number of investors: 4
You can find their website here.
4) ofo
Ofo is a bike-sharing platform that operates entirely online and through a mobile app.
Details of the startup:
- Country: China
- City: Haidian
- Started in: 2014
- Founders: Wei Dai, Xue Ding, Yang Pinjie, Yu Xin, Zhang Siding, Zhang Yanqi
- Number of employees: 1001-5000
- Funding amount: $2,151,231,992
- Number of funding rounds: 9
- Number of investors: 23
You can find their website here.
5) Hello TransTech
Hello TransTech (previously HelloBike) is a Chinese company that creates smart-sharing bikes for short-distance travelers.
Details of the startup:
- Country: China
- City: Shanghai
- Started in: 2016
- Founders: Han Mei, Jiang Wei, Li Kaizhu, Yang Lei
- Number of employees: 1001-5000
- Funding amount: $1,754,944,610
- Number of funding rounds: 7
- Number of investors: 7
You can find their website here.
6) ONN Bikes
We're a micromobility platform that makes first- and last-mile transit easier.
Details of the startup:
- Country: India
- City: Mumbai
- Started in: 2015
- Founders: Namit Jain, Shanky Munoth
- Number of employees: 101-250
- Funding amount: $791,935
- Number of funding rounds: 3
- Number of investors: 9
You can find their website here.
7) MYBYK
MYBYK is a bicycle sharing and rental app with a premium service.
Details of the startup:
- Country: India
- City: Ahmedabad
- Started in: 2014
- Founders: Arjit Soni
- Number of employees: 1-10
- Funding amount: $1,000,000
- Number of funding rounds: 1
- Number of investors: 2
You can find their website here.
8) Mate.bike
Mate.bike designs and manufactures one-of-a-kind, enjoyable, and cheap electric bicycles to alleviate traffic congestion, climate change, and health concerns.
Details of the startup:
- Country: Denmark
- City: Copenhagen
- Started in: 2016
- Founders: Christian Adel Michael, Julie Kronstrøm Carton
- Number of employees: 11-50
- Funding amount: $26,606,978
- Number of funding rounds: 4
- Number of investors: 1
You can find their website here.
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