Top 8 Cycling Startups to Watch in 2026
The global cycling market is being shaped by a new generation of startups. These companies are tackling challenges from manufacturing to last mile transportation.
China's Hello TransTech leads with over $2 billion in funding for its bike sharing platform. Meanwhile, India's Ninety One has secured ₹2.5 billion to expand its bicycle manufacturing operations.
Below is our list of 8 Cycling startups worth keeping an eye on.
Failory's Top 8 Picks
Tenways creates a range of sleek and accessible e-bikes designed for a smooth, effortless commute. They focus on producing lightweight, eco-friendly cycles that aim to make urban mobility simple for everyone.
| Headquarters | Hong Kong, Hong Kong Island, Hong Kong |
| Year Founded | 2019 |
| Founders | — |
| Funding Amount | CN¥301.7M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series B |
| Top Investors | L Catterton, Hillhouse Investment, Tencent, Meridian Capital Asia, Huaying Capital |
Ninety One designs and manufactures a range of bicycles, including electric models, to encourage an active outdoor lifestyle. The brand supports riders with a complete line of cycling accessories and apparel.
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2015 |
| Founders | Sachin Chopra, Vishal Chopra |
| Funding Amount | ₹2.5B |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Fireside Ventures, Avaana Capital, Titan Capital, Alteria Capital, A91 Partners |
Hello TransTech operates a massive network of smart-sharing bikes designed for short-distance travelers across China. Formerly known as HelloBike, their platform provides accessible and convenient last-mile transportation solutions for urban commuters.
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2016 |
| Founders | Han Mei, Jiang Wei, Li Kaizhu, Yang Lei |
| Funding Amount | $2B |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Corporate Round |
| Top Investors | Alibaba Group, Ant Group, Primavera Capital Group, WM Motor, Fosun International |
Gbike created GCOO, a shared mobility service that gives users access to electric bikes and scooters throughout Korea. The platform focuses on solving the last-mile transportation problem with its convenient, app-based rental system.
| Headquarters | Seoul, Seoul-t'ukpyolsi, South Korea |
| Year Founded | 2017 |
| Founders | KJ Lee, Walter Yoon |
| Funding Amount | $22.6M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | SBI Investment, Strong Ventures, Premier Partners, Hyundai Motor Company, BNK Venture Capital |
Vapaus created a bike-as-a-service platform for businesses looking to offer sustainable employee benefits. The service provides and manages company bikes to promote greener urban transportation.
| Headquarters | Helsinki, Southern Finland, Finland |
| Year Founded | 2018 |
| Founders | Lasse Keronen, Mikko Ampuja, Tatu Mäkilä |
| Funding Amount | $18.3M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Debt Financing |
| Top Investors | Superhero Capital, Norion Bank, Leena Niemistö, Sampo Hietanen |
Ekolution manufactures sustainable building insulation from wood fiber for the modern construction industry. Their products are designed to reduce the climate impact of construction while creating healthier indoor environments.
| Headquarters | Malmö, Skane Lan, Sweden |
| Year Founded | 2015 |
| Founders | — |
| Funding Amount | SEK86.5M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Venture Round |
| Top Investors | Neptunia Invest, LongRun Capital, Southbay ventures, Heddinvest, Hagman Green Business |
MODMO builds high-tech, modular e-bikes designed for urban transportation. The bikes feature a sleek design with integrated smart technology and a system of quick-attach accessories for added versatility.
| Headquarters | Ho Chi Minh City, NA - Vietnam, Vietnam |
| Year Founded | 2019 |
| Founders | Jack O'Sullivan |
| Funding Amount | €9M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Seed |
| Top Investors | VSV Capital - Vietnam Silicon Valley, Sean Mulryan |
Ecovelo creates turnkey, self-service electric bike solutions for communities and businesses. They provide the complete system, including the e-bikes, docking stations, and the software needed to operate a bike-sharing network.
| Headquarters | Nantes, Pays de la Loire, France |
| Year Founded | 2013 |
| Founders | Sebastien Bourbousson |
| Funding Amount | €2M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Venture Round |
| Top Investors | GO CAPITAL, Banque des Territoires |
