12 August 2018
We are launching an angel funding round, which we aim to close by 31 October.
In summary, we are an Australian clean tech start up that has developed the world’s first universal smart bike rack.
We have previously closed 2 seed funding rounds, have just completed the Caltex Spark Accelerator by Slingshot, and are about to commence smart electric bike station pilots with several commercial, government and university clients in Melbourne, Sydney and Newcastle.
We seek $750,000 in angel investment at a $3M pre-money valuation. We already have an offer for 50% of these funds, so get in touch immediately if you wish to participate in this round.
We will leverage investment with tax rebates and government grants, and use the funds to launch the second generation of our technology across Australia and enter the EU, UK and NZ markets.
The minimum investment amount is $75,000.
An investor summary, IM and term sheet are available for interested parties.
2 August 2018
Last night’s demo day was an exhilarating end to the Caltex Spark accelerator run by Slingshot in Sydney. It was a real ride for us and our cohort of Australian tech start ups and scale ups with whom we shared many beers and tears.
It’s been 12 weeks of hard grind but we’ve emerged in great shape, with several corporate, government and university clients signing up for CyclePort pilots in Melbourne and Sydney, and a leading Australian VC firm offering to match funding from at least 3 independent investors in our seed round.
We will leverage this investment with government grants and use these funds to launch our second generation system, consolidate the Australian market and launch in Europe and NZ.
Please get in touch if you are a prospective investor, client or partner: an investor summary is available, with an IM and term sheet to follow shortly.
28 May 2018 – We’re proud to announce that CyclePort has been accepted into the Caltex Spark Accelerator with a cohort of 12 start-ups and scale-ups from a field of over 300 applicants. The 12-week program is delivered by Slingshot Accelerator in partnership with Caltex Australia and with investment from Artesian (Alternative Investments). It culminates on 1 August with a pitch to 500 potential investors, clients and partners at Hoyts cinema in Sydney.
April 2018 – CyclePort partners with an industry research group led by KU Leuven University in Belgium and backed by leading firms like Siemens and Volvo. Together we will develop the world’s first universal dock and charge solution for electric bikes. We have CyclePort – the universal dock and charging interface – while they are developing a universal charging unit. It’s a match made in… Europe and the antipodes.
July 2017 – CyclePort demonstrates at the Australian Walking and Cycling Conference in Adelaide. Al Reid detailed the advantages of a hybrid bike share system – combining the flexibility and affordability of dockless share bikes wit the control of universal docking stations in high demand locations.
June 2017 – CyclePort announced as a semi-finalist in the Australian Technologies Competition. “Semi Finalists are industry leading innovators with the capability to become game-changers.”
June 2017 – CyclePort demonstrates at the international Velo-City conference in beautiful Nijmegen, the Netherlands. We generated very strong interest in our hybrid bike share model from dockless bike share companies and city governments worldwide trying to broker a truce over uncontrolled share bike parking. Our electric bike sharing system also generated huge interest among traditioanl dock-based bike sharing companies.
May 2017 – CyclePort places in the top 5% of the Anthill SMART 100 Awards (out of 700 entries).
Feb 2017 – CyclePort featured at the Bike Futures conference at St Kilda Town Hall .
November 2016 – CyclePort joined an amazing line up of 25 Australian inventors and innovators at the inaugural national Cycling Innovation Showcase in Bendigo.
November 2016 – Victoria’s Minister for Public Transport, Jacinta Allan, and Mayor of the City of Greater Bendigo, Margaret O’Rourke, launched our first automated bike parking and charging station in Bendigo. The principal aims of the system is to reduce emissions and traffic congestion, and improve health through active transport.