Just a few months after securing £408,315 through its equity crowdfunding campaign on Seedrs, social marketplace for bicycle sharing Cycle.Land announced it has expanded into Cambridge.
Cycle.Land was founded in early 2016 and received support from Oxford University Innovation Incubator and launched in Oxford shortly after. The website claims to have 100% month-on-month growth in total users. Its web-app enables UK members and international travelers to borrow bikes from local cyclists, families, and vendors, from as little as £1 per day.
“At the core, we are a peer-to-peer bike sharing community, like Airbnb for bikes. We provide a platform which makes it easy for anyone to share their bikes with one another. Also, we facilitate the design, setup and operation of smaller bike sharing schemes. These can take many different forms. We help entrepreneurs to operate their own bike sharing schemes with 5-50 strategically placed bikes. For closed communities (universities, companies’ campus) we design, setup and operate bike sharing schemes for their staff and students.”
On Wednesday, the Cycle.Land team shared the exciting news about the company’s Cambridge Expansion:
Super excited to announce that https://t.co/ulS7nP1jEt has arrived in #Cambridge! Read more on our #blog: https://t.co/kKS4zK26r2 pic.twitter.com/W4G91k66t3
— cycle_land (@cycle_land) March 22, 2017
Cycle.land is planning to launch in four other cities across the UK, which are Brighton, Bristol, Edinburgh, and London.
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