Campaign

CRO#: 598600

MOBY

Travel Tech

EIIS 
Ireland's first electric bike sharing scheme. Licenced by Dublin City Council and successfully pilot launched, we now aim to grow our fleet and expand to other cities.
by Thomas O Connell
Dublin
245% Funded
€ 300,000Funding goal
€ 734,579Invested
251Investors
4 Days to go


Company Summary :

 

MOBY Bikes Ltd, (‘MOBY’ or ‘the Company’) is Ireland’s first electric bike share scheme and is licensed by Dublin City Council to operate 1,000 electric bikes in the capital. Having successfully piloted we are now ready to scale! This investment will fund fleet expansion, grow operations, and advance the company toward more cities. Having already secured €200,000 from professional Irish investors, we now want to open the round to our customers and wider investor community. A sustainable transport investment, that eases congestion, improves public health and cuts carbon emissions. Backed by a strong team in a fast-growing customer and VC market.

 

 

Key highlights:

  • Strong Team, experienced backers and advisors

  • Successfully piloted; 10,000 journeys, 4000 customers in only 4 months with a very small fleet size.

  • Really Big Market

  • Large competitive advantage in the Irish market and first mover advantage with electric bikes in Dublin.

  • Corona Virus has a positive impact on this business with significant growth in demand for cycling.

  • €360 million a year to be spent on cycling infrastructure in Ireland under the new government. Up from circa €10m a year.

  • Ahead of revenue projections despite the pandemic. Investment needed for fleet expansion. Qualifies for EIIS tax relief.