# Cycle

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cycle-2

- Industry: Consumer Services
- Headquarters: Berlin, Germany
- Website: www.cycle.eco
- Total disclosed funding: $22M
- Latest round: Series A (Jun 20, 2023)
- Investors on record: 14

## About

Based in Berlin, Germany, and co-founded by Luis Orsini-Rosenberg (CEO) and Nikodemus Seilern in 2018, Cycle Mobility Holding GmbH operates as a transport service company. In July 2023, the firm raised EUR 10.3 million in series A funding led by investor East Hill Equity, with participation from other investors EnBW New Ventures, Founder Collective, LocalGlobe, SpeedUp Venture Capital Group, Third Sphere, and Visionaries Club. As of August 2023, the firm is operational in Germany, Austria, Italy, and Poland. The company offers a range of e-mobility solutions for businesses, couriers, and private use. Cycle offers E-Bike and Cargo Bike subscriptions in over 50 cities across Europe. The firm through its monthly subscriptions for Delivery E-Bikes provides businesses with fast, affordable, and emission-free transportation solutions like Cycle One, a 7-speed E-Bike with up to 80 km range and 6 hrs charging time, RedRunner, an extra-wide tires bike with a maximum speed of 25 km per hr. The company’s courier service bikes also include CYCLE One, and Red Runner, suitable for quick commerce, food delivery, corporate mobility, and post and parcels. Cycle also offers fleet management software for GPS tracking and smart locks, theft, and accident insurance, as well as provides accessories like boxes, additional batteries, trailers, etc. Additionally, individuals can also rent the company’s e-bike including personalized family kit and maintenance services for a monthly fee.  The company generates its revenue by offering its full-service e-bike solutions on a monthly subscription basis such as the RadWagon bike starting with GBP 89 per month. The company plans to utilize its July 2023 funding for business expansion across Europe and UK as well as in different regions.

## Funding rounds

- Series A, Jun 20, 2023, $11M — Founder Collective, SpeedUp Venture Capital Group, Third Sphere, LocalGlobe, East Hill Equity, EnBW New Ventures, Visionaries Club, APX, GreenPoint Partners, JTD Holding GmbH, Glinicke Invest GmbH & Co. KG 7
- Seed, May 11, 2022, $10M — Founder Collective, SpeedUp Venture Capital Group, Third Sphere, LocalGlobe, EnBW New Ventures, InnoEnergy, Visionaries Club, APX, GreenPoint Partners
- Seed, Aug 25, 2021 — Visionaries Club
- Seed, Jul 6, 2021 — InnoEnergy
- Seed, Dec 11, 2020 — Techstars
- Seed, Nov 1, 2020, $0.7M — Techstars, Axel Springer Digital Ventures

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Axel Springer Digital Ventures (https://capitalatlas.ai/funds/axel-springer-digital-ventures) — Seed
- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Seed
- Visionaries Club (https://capitalatlas.ai/funds/visionaries-club) — Seed, Series A
- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Seed, Series A
- SpeedUp Venture Capital Group (https://capitalatlas.ai/funds/speedup-venture-capital-group) — Seed, Series A
- Third Sphere (https://capitalatlas.ai/funds/third-sphere) — Seed, Series A
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A
- EnBW New Ventures (https://capitalatlas.ai/funds/enbw-new-ventures) — Seed, Series A
- APX (https://capitalatlas.ai/funds/apx) — Seed, Series A
- GreenPoint Partners (https://capitalatlas.ai/funds/greenpoint-partners) — Seed, Series A
- East Hill Equity (https://capitalatlas.ai/funds/east-hill-equity) — Series A
- JTD Holding GmbH — Series A
- Glinicke Invest GmbH & Co. KG 7 — Series A