Yeply
Brings bike maintenance to neighbourhoods and allows tobook service appointments online at convenience.
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 21 % | 42 % | 51 % | 43 % | 20 % | - | 25 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (1 %) | (35 %) | (5 %) | 5 % | (116 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (12 %) | (56 %) | (15 %) | - | (127 %) | (301 %) | 2 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 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 | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 100 % | 94 % | 109 % | - | - | - | - |
Source: Company filings or news article
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Yeply is a technology-enabled bicycle maintenance company that has been operational since 2016, originating from Helsinki, Finland. The company was established by Antti Känsälä and Tommi Särkkinen, who identified significant inefficiencies in the traditional bike repair industry. Känsälä, who serves as CEO, previously held a managing director role at an IT services startup, while Särkkinen is the Head of Brand & Culture. Their initial hands-on approach, which involved driving a van to service bikes and directly understand customer needs, formed the foundation of the company’s service model.
The business operates on a mobile-first concept, deploying vans to various neighborhoods and business locations to offer same-day bicycle servicing. This model caters to individual bike owners (B2C) as well as corporate clients (B2B). For consumers, Yeply provides convenient, scheduled maintenance shifts in their vicinity. Corporate services include on-site maintenance days for employees and comprehensive fleet management for businesses like food delivery services that rely on traditional and electric bikes. A key component of their offering is a proprietary digital platform, developed in partnership with Montel Intergalactic since 2017. This custom ERP system manages bookings, service records, and reporting, which is crucial for scaling operations and providing data-driven insights to fleet customers, aiming for over 90% fleet uptime.
Yeply's growth has been supported by strategic funding, including a pre-seed crowdfunding round in 2019 and a significant €2.5 million seed round in March 2022. The seed round was led by Inventure, the first investor in Wolt, and included participation from Summiteer. This capital has fueled the development of its digital tools and aggressive market expansion. Starting with a single van in 2017, the company has expanded its network across multiple cities in Finland and achieved nationwide coverage in Germany, Austria, and The Netherlands, establishing the largest maintenance network in Europe.
Keywords: bicycle maintenance, mobile bike repair, fleet management, sustainable mobility, B2B services, tech-enabled service, European market, urban mobility, preventative maintenance, service network