Pedal Me is raising £300,000 investment on Crowdcube. Capital At Risk.

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Overfunding

Capital at risk

overfunding

Pedal Me

days left: 3

105%

Raised: £315,330

Investors: 509

Target: £300,000

Equity: 7.76%

Pre-money valuation: £3,750,000

Operational in London for 2.5 years, Pedal Me use high-tech e-assist cargo bikes, bespoke high-capacity trailers and highly trained riders to out-compete motors in urban areas, providing the sustainable delivery & taxi services urgently needed for 21st century cities. Our time is now. Help us grow.

Unable to keep up with increasing demand due to lack of resource
Strong MoM growth in a market worth >£1 billion in London alone
Cities are actively reducing motor usage - we are a reliable solution
Trips have 90%+ less CO2 compared w/ vans, taxis or electric vehicles

Idea

We collect each and every one of our unique bikes from Amsterdam, and here we are in March 2019 in advance of our ride back to London with 15 more!

Dispatch used to be one person, but the scale of growth is such that the job now requires up to three staff at once. Your investment will be used to further develop our tech, and help us to drive efficiency

The passenger service delivers great PR, helps balance demand across the day & year and provides what we see as the biggest potential market - we need to scale & improve tech to let us get to passengers faster

Our new trailer design allows riders to cover ground faster with large loads due to its stable design and braking system.

Light and sound equipment for Gripvan - using the Monster Trailer to full effect! We can carry 300kg between bike and trailer.

Bakery deliveries for Little Bread Pedlar

Cycle logistics is coming - cities all over the world need fast, convenient, low-carbon solutions to their congestion problems. We believe we're the best at it, carrying the biggest loads due to our bikes and bespoke trailers, City and Guilds assured training and professional processes.

We offer a solution which can out-compete motors in car-centric cities, & thrive when bike friendly measures like bike lanes are introduced. Faster. Cheaper. Cleaner. We push to be ahead of the curve in city logistics & are ready to help cities transition.

We started trading in April '17 with 2 bikes and 1 FTE staff (2 x part time staff). Today we have 32 bikes and 36.5 FTE staff (45 staff total).

In just one year since our last crowdfund, our estimated monthly C02 saving has increased by 108% to over 4 tonnes, the size of our fleet has increased from 12 bikes to 32 bikes (with another 10 on the way in November), our monthly number of jobs done has increased by 150% to nearly 3000 and our total distance travelled each month has increased 108% 16598km. Our monthly revenue growth since launch as has averaged 19% MoM (CMGR) (Sept '19 £64,881; EBITDA -£16,823).

We need more funding to expand our fleet; keep improving our tech & keep pace with demand - with the vision being for development of staff, scale & processes in London in 2020 before expansion to other cities in 2021.

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