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Status: Extended

May 24th 2021 - Jul 3rd 2021

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

Pitch Rated

78%

overall

Management

84%

Product

80%

Investment

71%

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    Log in to view target

    £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
    20 Apr 24 Seedrs £580,832 / 116% 78.33%

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 84%

Skills 82%
The 'Havebike Ltd' management team comprises skilled professionals whose published LinkedIn profiles include expertise in management, technology, sales, marketing and finance. They have an experienced team in place that consists of a Chief Executive Officer, Chief Technology Officer, Chief Operating Officer, Chief Financial Officer and Non-Executive Chairman. The Chief Executive Officer is proficient in asset management, corporate governance, restructuring, corporate law and operations management. He also has prior experience working at the same stage of business growth. The Chief Technology Officer is competent in search engine optimization (SEO), responsive web design, web development, CSS, PhP, adobe creative suite and MySQL. The Chief Operating Officer is skilled in event management, marketing, new business development, and sports management. The Non-Executive Chairman has strategic planning, new business development, account management, digital media and integrated marketing skills. The Chief Financial Officer is proficient in financial markets, equity derivatives, investment banking, finance, securities lending and alternative investments.

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Funding progress

Log in to view funding progress.


Log in to view amount pledged

    Log in to view target

    £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
    20 Apr 24 Seedrs £580,832 / 116% 78.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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