# SpeedX Cycling

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/speedx-cycling

- Industry: Consumer Products
- Headquarters: Beijing, China
- Website: www.beastbikes.com
- Total disclosed funding: $9.2M
- Latest round: Series A (Jul 21, 2015)
- Investors on record: 2

## About

SpeedX Cycling specializes in premium bicycles and cycling gear, focusing on innovative designs that enhance performance and comfort for cyclists of all levels. They cater to both recreational and competitive markets, primarily in North America and Europe.Founded in 2014 in Beijing, China, SpeedX Cycling is dedicated to producing high-quality bicycles and cycling equipment. The company was initially established by Gang Li, JianLiang Li, and Jiayang Gao. In November 2016, SpeedX Cycling raised CNY 150 million in Series B financing, marking a significant step in its growth. The firm has engaged in four funding deals, with the latest being a targeted investment for expansion and product development.Beastbikes.com specializes in the sale of premium bicycles and cycling equipment, tailored to meet the needs of both recreational and competitive cyclists. Their core product offerings include a range of bicycles equipped with advanced engineering features, designed for optimal performance and comfort. The company aims to solve common issues faced by cyclists, such as durability, efficiency, and user comfort, thereby enhancing the overall cycling experience. Beastbikes.com targets a diverse customer base, including individual cyclists, sporting goods retailers, and cycling enthusiasts globally, with a focus on markets in North America and Europe. By providing high-quality products that cater to various cycling disciplines, the company appeals to a wide audience, from casual riders to professional athletes.Beastbikes.com generates revenue through direct-to-consumer sales and partnerships with retail outlets. The company operates a transactional structure that allows customers to purchase bicycles and associated equipment directly from their website or through authorized dealers. Clients benefit from a streamlined purchasing process, which includes options for customizing their bike specifications to suit individual preferences. This structure supports recurring revenue through potential follow-up purchases of accessories and maintenance services, which are essential for maintaining optimal bike performance. The company's flagship products, recognized for their innovative designs, command premium pricing reflecting their quality and technical advancements, establishing a strong position in the competitive market of cycling equipment.Looking ahead, SpeedX Cycling plans to leverage the CNY 150 million raised in its latest Series B round in November 2016 to support the launch of new product designs and expand into new markets. The company is targeting additional growth in North America and Europe, aiming to introduce innovative bicycle models that address the evolving needs of cyclists by the end of 2018.

## Funding rounds

- Series A, Jul 21, 2015, $8.2M — Sinovation Ventures, ZhenFund
- Angel, Jan 1, 2015, $1M — ZhenFund

## Investors

- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Angel, Series A
- Sinovation Ventures (https://capitalatlas.ai/funds/sinovation-ventures) — Series A