MOBY Bikes 2025

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.