LISTNRIDE LAUNCHES EQUITY CROWDFUNDING CAMPAIGN
Berlin - July 31, 2017 - listnride is launching a crowdfunding campaign on Seedrs, Europe's largest equity crowdfunding platform. Their goal is to raise €150.000. In the past few days €75.000 has been funded during the private launch so they are half way there. listnride intends to expand fast and become Europe’s leading bike sharing community. Since their official start in September 2016 and after launching a fully functional web platform: listnride has grown to be the largest community bike-sharing platform in the German speaking market (Germany, Austria & Switzerland).
Co-founders Gert-Jan van Wijk & Johannes Stuhler have a year of experience running the business + access to ample research on the blossoming cycling industry niche of bike sharing.
“Bike sharing is growing fast and will be €5bn by 2020. The addressable market in Europe is ~€500m.” (Source: Slide 9 on investor deck, link at bottem of page)
The Berlin based Dutch and German founding duo believe the moment to grow is now:
“The bike sharing market is developing fast and still without a dominant player in the market. listnride has shown strong growth in its first year and has a very talented team in place to continue to grow. Combined with the increasing popularity of sharing economy initiatives it makes sense to pursue this now. ”
The listnride team have built a strong presence in Berlin, Munich, Vienna, Amsterdam and Mallorca and are expanding into other large cities like Hamburg, Zurich and Düsseldorf. When asked why crowdfunding, co-founder Gert-Jan van Wijk replies:
“We are a young company with a well developed product, a growing community of renters and bicycle owners. Our Seedrs campaign will provide access to capital to drive further growth. For as little as €10, everyone can gain equity in the company. We want to build and share our company with our community and allow others to buy into our success. Funds will be used to further improve the platform as well as help listnride expand geographically, grow the community and provide greater choice for riders and greater demand for listers.”
Achievements | Past, Present & Future
listnride already offers more than 1,200 bikes in a wide variety of categories. The usersbase grew at a rate of 350% since official launch in October 2016. Besides hundreds of private listers, over 100 bike shops offer their rental bikes and five innovative bike brands are running test ride programs, such as Ampler Bikes, who feature in listnride’s crowdfunding video.
To accomplish future goals, invested money will be used for two primary purposes:
1. To finance growth and win new users, especially in our existing markets / cities. With more users , listnride can offer riders a broader choice, and provide higher demand to listers, making the service more appealing overall.
2. To improve our platform steadily, with new features, the rental experience will be as easy and efficient as possible. Integrating an insurance product and new mobile apps are the biggest milestones set.
More about listnride:
Founded sept 2016 in Berlin, listnride is a leading community bike sharing marketplace in Europe. Currently available in big cities like Amsterdam, Berlin, Munich, Vienna and growing. Private owners as well as specialized dealers offer their bikes for rent on the platform and enable tourists, locals, families and businesspeople to find the ideal bike that complements their personal style and meets their needs. More about listnride: http://en.listnride.com/about
More about Seedrs:
Founded in 2009 by Jeff Lynn (CEO) and Carlos Silva (COO), Seedrs is Europe’s largest equity crowdfunding platform. Seedrs makes it simple for you to buy into businesses you believe in and share in their success. https://www.seedrs.com/about
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