3 years ago

Bike Club Secures £16.75 Million to Fuel European Expansion

  • Bike Club, a UK-based children's bike and scooter subscription service, has raised £16.75 million in a Series B funding round led by Circularity Capital

  • The funds will be used to fuel national and European expansion, with plans to move to France and Germany in the next one to two years

  • Bike Club currently has a network of 40,000 bikes and aims to grow to 220,000 with the new capital

  • The company's circular economy model, which involves refurbishing and renting out used bikes, has saved 1,174 tonnes of CO2 compared to ownership.

      • ProblemConsumer Goods

      "Parents face the hassle and expense of buying new bikes and scooters as their children grow, leading to waste and underutilization of resources."

      Solution

      "Bike Club offers a subscription service for children's bikes and scooters, allowing parents to exchange for larger sizes as their child grows, promoting sustainability and affordability."

      Covered on