Tandem provides a rental offer of company bikes (vélo de fonction) for businesses, aiming to multiply bicycle use in France. The company equips employers with leased bike fleets and manages lifecycle options including resale as second‑hand bikes. In under three years Tandem has equipped more than 100 companies across France, including customers such as M6, Doctolib, Crédit Agricole, Kronenbourg, Amadeus, Soprema and Michelin. Tandem reports strong commercial momentum: in 2023 it almost tripled its revenue and exceeded its internal target by 20%. At the end of 36‑month leases Tandem has a contractual option to repurchase the fleet for €10 per bike and redeploy them as second‑hand rentals. The company is based in Paris, France and positions itself to capture a large domestic market gap versus neighboring countries. Tandem builds and leases fleets of company bikes—folding, urban and family models—to employers, aiming to replace cars with more sustainable employee mobility. Cofounded in 2020, the company has signed contracts with over a hundred firms, including Crédit Agricole, Doctolib, Kronembourg and Amadeus. Its offering capitalizes on French fiscal incentives for employer-provided bikes and targets broad adoption within France before considering foreign expansion. Tandem plans to scale its teams and digital processes to meet growing demand. Financially, the startup targets €21 million in revenue by 2027 and aims for profitability in 2025. The company has already completed at least one equity round and is pursuing additional fundraising to support operational structuring and customer acquisition.

Total raised

$2M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2024