Mioo Cycling
On-demand mobile bicycle repair and maintenance platform.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Early VC | ||
| Total Funding | 000k | ||
| EUR | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 395 % | 258 % | 37 % | 34 % | 25 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (211 %) | (238 %) | (151 %) | (85 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (232 %) | (255 %) | (160 %) | (91 %) | (104 %) | (1 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Mioo Cycling operates a platform for on-demand bicycle services, connecting bicycle owners with mobile mechanics. Founded in 2019 by Tomas Grönqvist and Jakob Daniels in Stockholm, Sweden, the company aims to simplify bicycle ownership. Grönqvist, a former professional cyclist, was inspired to start the company after experiencing the common hassles of bike ownership, such as flat tires and inconvenient repairs.
The company's business model is centered around a mobile application that allows users to book services directly to their home or workplace. Mioo generates revenue through both a subscription service and one-off service bookings. The subscription model, priced at around £9.99 per month, provides regular maintenance, service protocol updates, and other benefits. One-time services include puncture repairs, tire changes, and safety checks. The company serves both individual cyclists (B2C) and corporate clients (B2B), offering on-site service days for employees.
Mioo's platform utilizes a network of freelance mechanics, called "Bike Buddies," who are cycling enthusiasts trained to perform repairs and assemblies. The application also features a digital service history log, anti-theft registration, and insurance programs. Recently, Mioo has expanded its offering to include a digital product passport, allowing manufacturers and resellers to track a product's lifecycle, which adds to the item's resale value and helps comply with EU regulations. As of late 2023, the company reported having 25,000 paying customers and annual revenues of just under one million dollars. Having launched in Sweden and the UK, Mioo has plans for further European expansion.
Keywords: mobile bicycle repair, bike maintenance app, on-demand services, subscription bike service, bicycle mechanics, micromobility, cycling services, bike repair platform, bicycle lifecycle management, digital product passport, corporate wellness, smart mobility, anti-theft, bike assembly, e-commerce bike service, urban mobility, bicycle insurance, service history, Stockholm, Tomas Grönqvist