listnride, a Germany-based bike-sharing community platform, has completed its equity crowdfunding round on Seedrs with more than €325,000 secured. listnride describes itself as a community marketplace that allows individual bike owners to rent out their bikes to travelers and locals looking to explore, in a location independent way. People can find and book a bike that suits their style and fulfills their needs, online. listnride is present in large urban areas such as Amsterdam, Berlin and Munich and Vienna.
“listnride is a bike sharing platform which connects bikes to cycling enthusiasts. People can book a variety of individual bicycles online – including road bikes, cargo bikes and e-bikes. Bikes can be rented from brands, individuals and shops, creating multiple revenue streams.”
The company also revealed that since its launch it has seen its user base and listed bits grow to more than 350% of the launch figures.
“Consequently we have seen a steep increase in rental transactions, with a compound quarterly growth rate of more than 200%. Six innovative bike brands are integrated offering curated bikes to the renter community. We believe our low-capital asset model plus multiple revenue streams, we feel gives a stable base to scale our business quickly.”
The company added:
“listnride aims to be the leading bike sharing platform which connects bikes not currently in use to cycling enthusiasts. Annual bikes sales in 2015 were over 20 Million bikes in Europe alone, but we believe many are sitting idle and there is a large pool of unused bicycles available. On the other hand there is no centralized platform to our knowledge where renters can easily compare and book the bike of their style and needs online. We solve these issues by connecting supply and demand within a trusted online platform.”
All funds from the Seedrs round will be used to continue listnride’s expansion.
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