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Technology

bike.rent

Status: Active

Nov 9th 2020 - Dec 14th 2020

Bike.Rent is on a mission to become the world's best bike rental platform. It has over 350 bike stores across 18 countries, and each year connects hundreds of thousands of bike renters to tens of thousands of bikes across the globe to provide a consistent, high-quality booking experience. The company is working on upgrading its platform for the benefit of bike renters so that rental fleet details of all its bike stores are available from a single application. It asserts that this will allow customers to save time by booking bikes from any of the company's bike stores using the app instead of the conventional route of visiting the store and making a booking in person. The company witnessed over 200,000 bookings last year. Bike.Rent will use the investment to grow its business across different verticals.

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bike.rent Rating Review

Pitch rating powered by CROWDRATING

Rated on 18/11/2020

Pitch Rated

88%

Gold

Management

90%

Product

87%

Investment

88%

Log in to view amount pledged

    Log in to view target

    £2,500,275
    pre-money valuation

    9.09%
    equity available

    351
    investors

    £884
    pledge per investor

    05695027
    company number

    Active
    company status

    02/02/2006
    incorporated 18 years

    £2.17
    share price

    Previous Funding rounds
    28 Mar 24 Crowdcube £310,220 / 124% 88.33%
    Officers

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

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.

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Management 90%

Skills 91%
The management team includes skilled professionals with expertise in their functional areas, which will streamline its overall operations. The Founder/CEO is competent in Java, Cloud Computing, Agile Methodologies, Software Development, Social Media Marketing, Business Strategy and Analysis. He formed Village Velo in 2006 which he then successfully sold in 2016 currently operating under the name of Uzes. The CTO is skilled in Enterprise Architecture, Business Transformation, Software Project Management, Project Portfolio Management, and Data Modeling. The Chairman has expertise in Business Transformation, Business Intelligence, SAP, artificial intelligence, robotics, control systems and analytics. He founded Bluefin back in 2002 which was successfully sold for £44 million in 2015. Investors should note that Hove and Victor Boorman and Co handle the company's finances.

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Funding progress

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Overall

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Log in to view amount pledged

    Log in to view target

    £2,500,275
    pre-money valuation

    9.09%
    equity available

    351
    investors

    £884
    pledge per investor

    05695027
    company number

    Active
    company status

    02/02/2006
    incorporated 18 years

    £2.17
    share price

    Previous Funding rounds
    29 Mar 24 Crowdcube £310,220 / 124% 88.33%
    Officers
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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  • The Times
  • The Daily Telegraph