Social Bicycles
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$1.1m | Seed | ||
$325k Valuation: $5.5m | Grant | ||
$1.0m | Early VC | ||
$109k | Early VC | ||
N/A | Series A | ||
N/A | Acquisition | ||
Total Funding | €2.3m |
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Recent News about Social Bicycles
EditSocial Bicycles, also known as SoBi, specializes in providing affordable and scalable bikeshare technology. The company operates in the urban mobility market, offering a unique solution that integrates GPS-enabled locks with regular bike racks. This technology allows users to locate, unlock, and ride bikes conveniently within cities. Social Bicycles serves municipalities, private operators, and other organizations looking to implement or expand bikeshare programs. The business model is primarily B2B (business-to-business), generating revenue through the sale and maintenance of its bikeshare systems, as well as through partnerships and service agreements with cities and operators. The company's innovative approach to bikeshare technology aims to enhance urban transportation, reduce traffic congestion, and promote sustainable mobility.
Keywords: bikeshare, GPS-enabled locks, urban mobility, scalable technology, B2B, municipalities, sustainable transportation, urban transportation, bike racks, mobility solutions.