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Cycling

The 8 Best Cycling Fast-Growing Startups

Startups are hard and achieving success with them is even harder, but here is a list of the 8 most successful Cycling companies.

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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.


8 Cycling Startups

1) Lime

1) 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

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.

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3) The Pro's Closet

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

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

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

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

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

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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