Voltway Cycles
Electric bikes, repairs and rentals for Denver commuters
Highlights
- Revenue grew 32% last year to $1.95 million
- Profitable, with $58,000 in net income
- 300 subscription rental bikes
- Convertible note with 6% interest and a $15 million cap
The problem
Commuters want to ditch their cars, but they don’t want to spend $3,000 on an e-bike they might not use.
Our solution
Monthly e-bike subscriptions with repairs included, so commuters can switch without a big purchase.
Traction
Two shops, a repair center and a 300-bike rental fleet. Rental subscriptions grew 60% last year.
Business model
Bike sales (45% of revenue), subscriptions (35%) and repairs (20%).
Market
Denver has more than 100 miles of protected bike lanes and growing demand for car-free commuting.
Competition
Big-box retailers and online e-bike brands. We win on service, repairs and subscriptions.
Vision
E-bike subscription hubs in five Mountain West cities.
Investor perks
Thank-you rewards for investing. Perks aren’t part of your investment’s value.
- Free tune-upsTwo free tune-ups a year, for life.$500+
Risks
E-bike demand could fall in a recession. Battery supply problems could delay fleet growth. If the note doesn’t convert before maturity, the company may not have the cash to repay it.