Combining electric and free-float sharing will boost cycling as a real mainstream alternative for the car, by making it accessible to a larger group of people and to be used for longer distances. Billy-cycling addresses the environment, health and economic consequences of pollution and congestion caused by motorized transport within cities.
Billy first started to show that it was getting traction when it had:
Billy’s revenue model is based on a simple usage fee of €0,15 per minute. Compared to other with models with fixed stations, the free-float model is more asset- and maintenance-light. Recharging is actually done by swapping the batteries when they reach a 20% charging level. This task will be performed by a continuously rotating staff, who will also perform light maintenance and repairs on the fleet. Billy’s e-bikes will be available within an average reach of 300m.
After one year:
In H1 2017 Billy raised €175k in convertible loans from private investors and from a leading player in the Belgian mobility market, funding the soft launch and enabling a larger public test with 150 bikes. To grow its fleet to 400-500 bikes for full launch in April 2018 and to adapt and grow its team accordingly, Billy was looking to raise money in October 2017. The management was looking for equity financing via capital increase. 300k have been invested into Billy with the support of FASE EUR.
Source: FASE Deutschland
Advanced Beginner, Competent, Semi Pro
Share your thoughts and questions on this project!