# Gleam Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gleam-technologies

- Industry: Transportation Services
- Headquarters: Austria
- Website: www.gleam-bikes.com/
- Total disclosed funding: $0.1M
- Latest round: Seed (Mar 12, 2021)
- Investors on record: 1

## About

Gleam Technologies GmbH specializes in the design and manufacture of high-performance electric bicycles, targeting urban commuters and cycling enthusiasts with sustainable and innovative transportation solutions.Founded in 2013 in Austria, Gleam Technologies GmbH focuses on producing electric bicycles. The company has undergone no significant pivots since its inception. The founders, Mohammad Faisal, Mohammed Faisal, and Stefan Berger, have been involved in previous ventures. The latest funding round was a Seed round in August 2022, raising EUR 0.080 mn from WhatAVenture.Gleam Bikes specializes in the design and manufacture of high-performance electric bicycles, catering to urban commuters and cycling enthusiasts seeking sustainable transportation solutions. Their core product offerings include a range of electric bike models, featuring advanced battery technology and smart connectivity that enables riders to monitor performance metrics through a mobile app. These bicycles are engineered to address the challenges of urban mobility, providing efficient, eco-friendly alternatives to traditional vehicles. The company targets a diverse customer base that includes individual consumers, rental services, and corporate clients in markets such as North America, Europe, and select regions in Asia. By focusing on quality and innovation, Gleam Bikes aims to enhance the cycling experience while contributing to a greener environment.Gleam Bikes generates revenue primarily through direct-to-consumer sales and partnerships with retailers, enabling the distribution of their electric bicycles across various channels. The transaction structure includes one-time purchases of their flagship e-bike models, along with potential subscription services for maintenance and upgrades, providing customers with ongoing support. Pricing plans are structured to accommodate different customer segments, ensuring accessibility while reflecting the premium nature of their products. The company emphasizes customer satisfaction and engagement through its service offerings, fostering loyalty among its clientele. Revenue growth is anticipated to be driven by the increasing demand for sustainable transport solutions and the expansion of Gleam Bikes' market presence.In 2022, Gleam Technologies GmbH plans to continue expanding its product line by introducing new electric bicycle models designed for specific urban environments. The company seeks to enter additional markets in Europe and Asia by 2023. The recent Seed funding of EUR 0.080 mn will be utilized to support product development and market expansion efforts.

## Funding rounds

- Seed, Mar 12, 2021, $0.1M — WhatAVenture

## Investors

- WhatAVenture (https://capitalatlas.ai/funds/whataventure) — Seed