havebike is a bicycle repair business that collects, cleans, services and returns bicycles to owners at their doorstep, all via its app. The company asserts that it has been responsible for servicing approximately 2,500 specially designed bikes for the London Police and Ambulance Services since its launch in 2010. It also claims to be an authorised service agent for leading bicycle brands including, Brompton, Canyon and Ribble. havebike also holds a 'Shimano Service Centre' accreditation. It aspires to become a contender in the cycling market that was valued at £2.31 billion in late 2020. havebike's technology platform and booking system, Atlas, in late 2019 led to the company's Quarter To Date (QTD) revenues increasing by 484% and customer base by 22% as of February 2021. The company will use the investment for opening new workshops and mobile workshops (including fit-out) and cover marketing costs as it enters new markets to scale its business.
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havebike Rating Review
Pitch rating powered by CROWDRATING™
Rated on 28/06/2021
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£6,493,033
pre-money valuation
7.15%
equity available
376
investors
£1,545
pledge per investor
08919298
company number
Active
company status
03/03/2014
incorporated 10 years
Previous Funding rounds
25 Apr 24 | Seedrs | £580,832 / 116% | 78.33% |
Officers
Mark Anthony PINNOCK
Appointed: 01-04-2016
News
Bike servicing and repair business havebike seeks crowdfunded investment - road.cc
24/05/2021 road.cc
havebike CEO, Nick Brown calls for bicycle mechanic qualifications to be included in free level 3 adult qualifications - FE News
21/06/2021 FE News
havebike begins UK expansion and launches crowdfunding campaign - CyclingIndustry.News
25/05/2021 CyclingIndustry.News
havebike launches first round of public investment as it begins UK expansion - Bike Biz
05/05/2022 Bike Biz
havebike delivers purpose-built e-bikes for Hertfordshire Constabulary - Bike Biz
02/05/2022 Bike Biz
Bike mechanic qualifications should be included in free level 3 qualifications, says havebike CEO - CyclingIndustry.News
21/06/2021 CyclingIndustry.News
What the ratings mean
RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.