CYCLE offers a vehicle-as-a-service model focused on cargo e-bikes for last-mile delivery, bundling subscription, repair and durable components to support a circular economy. The company serves delivery and courier customers and is already active in over 40 German cities and markets including Austria, Italy, Poland and the Netherlands. Customers include Just Eat Takeaway.com, Wolt, Flink and Gorillas/Getir, and CYCLE is building partnerships in pharmaceutical and parcel delivery sectors. Founded in 2018, the business pivoted from providing e-scooters to hotels to an all-in-one package for delivery services during the pandemic. With its own e-bike development and a pan-European service network, CYCLE aims to make cargo e-bikes more accessible and ensure uninterrupted fleet performance. The company plans further European expansion, including into the UK, to grow its fleet and win new customers in mail, parcel and other delivery segments. GetHenry provides enterprise-grade electric utility bikes, on-demand maintenance, financing and fleet management software to couriers and logistics firms. The company supplies fleets to customers including Gorillas, Flink and JustEatTakeaway.com and currently operates in Germany, Austria, Italy and France. Subscriptions average around €100 per month depending on country, and the bikes are German‑engineered and manufactured in partnership with a French e‑bike maker to handle roughly 80 kilometers per day with parcel loads. GetHenry offers round‑the‑clock maintenance and up‑to‑the‑minute vehicle data to customers. The startup plans to broaden its product portfolio to include cargo bikes and electric mopeds. It recently raised capital to support expansion and product diversification across Europe.

Total raised

$29M

Funding rounds

3

Latest round

Series A

Latest activity

Jul 2023