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Successfully funded
Capital at risk
overfunded
Temple Cycles
132%
Raised
£198,870
Investors
153
Target
£150,000
Equity
12.84%
Pre-money valuation
£1,350,000

Temple Cycles design, produce and sell a range of bicycles from its Bristol-based workshop. The company launched in 2014 and already generates a profit, having achieved over £125k revenue in 2016 - a 118% yoy increase. The business aims to grow British bicycle manufacturing.

  • The company boasts a growing list of over 14,000 online followers
  • UK and global cycling markets are worth £771m and €36.7bn respectively
  • Aim to double 2016 revenue in 2017 with a boost to marketing and sales
  • 16% of the products are exported, demonstrating international demand

Idea

Introduction and Mission

We produce a range of bikes at our Bristol-based workshop. We carefully consider each detail of our bike’s designs, from material selection to finishing touches. We also sell a range of parts and accessories. Our ultimate aim is to produce 10,000 bikes per year , growing bicycle manufacturing in Britain and creating skilled and sustainable jobs.

Problem

15% of England’s population cycle at least once a month. In our opinion, most of the commonly available high-quality bikes are focused on speed and performance, which isn't suitable for most cyclists. We believe that there’s a demand for simple, low-maintenance and stylish bicycles.

What we do

We aim to fill the gap in the market for a British bicycle brand, produce a range of premium bicycles for daily use, and sell them worldwide.

We sell our bicycles and other products to a growing multi-billion pound market, we know how to make them and we have a manufacturing plan to scale production.

Company History

Matt, the Founder of Temple Cycles, began as a sole-trader 6 years ago restoring classic road bikes. During this time he designed the first model and Temple Cycles was born in 2014. Temple Cycles Ltd has been trading for less than 2 yearsand has a growing list of 14,000 online followers who actively promote and engage with our content, increasing brand awareness.

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