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CRO#: 681025

MOBY Bikes 2025

Travel Tech

MOBY Bikes was Ireland's first electric bike sharing scheme, now with new technology to revolutionise their industry.
by Thomas O Connell
Dublin
38% Funded
€ 500,000 Funding goal
€ 188,700 Invested
31Investors


Company Summary :

 

MOBY Bikes Ltd, (‘MOBY’ or ‘the Company’) launched Ireland’s first electric bike share scheme back in 2021 and at that time raised €800k on Spark crowdfunding at a €5.5 million valuation. Since then the company has gone on to win tenders all over Ireland, has expanded to Europe with cargo bike sharing and a bike leasing division which it runs from a separate HQ in Utrecht and has developed “tap and ride’ technology which it will sell to other micromobility operators globally and could see MOBY become more of a fintech / SAAS company as opposed to a fleet operator = huge opportunity

 

Key highlights:

 

  • Company has proven itself that it can execute. Currently ~€6m revenue run rate and run rate profitable with diverse business lines and geographies
  • Strong Team, experienced backers and advisors. 3 Founders have all had successful exits in the past
  • Institutional investors on board
  • Market is growing at ~20% a year.
  • Huge opportunity if Tap and Ride becomes the defacto payment method for shared micromobility
  • Company business plan is very achievable and very conservative with no projections baked on for various upside scenarios
  • Qualifies for EIIS tax relief.

 

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Risk warning

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Spark Venture Funding is authorised by the Central Bank of Ireland.