Overview

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Total Equity Funding
$1.3M in 7 Rounds from 8 Investors
Most Recent Funding
Convertible Note on August 4, 2015 / Undisclosed Amount
Headquarters:
New York, NY
Description:
Social Bicycles uses mobile technologyand GPS to enable affordable, scalable, and intelligent bike-sharing networks.
Founders:
Categories:
Public Transportation, Social Media, Transportation
Website:
http://www.socialbicycles.com
Social:

Company Details

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The team at Social Bicycles (SoBi) is passionate about transportation and technology. They believe the world can be improved by increasing personal mobility, and that every community has a right to more sustainable and affordable transportation choices.

These convictions have driven the team us to provide not just any bike share, but the most thoughtful and sophisticated bike share on the market. Social Bicycles designs bike share bicycles, equipment and software. The company offers all of their customers (municipal, institutional, and commercial markets) bike share operations training and technical support.

SoBi pioneered an innovative “smart bike” approach using an integrated GPS-enabled lock that works with affordable bike racks. This new paradigm is shifting the bike sharing equipment industry, providing more flexible fleet management for operators and richer features for bike share program members while reducing overall operating costs.

The company was founded by Ryan Rzepecki in New York City. As an urban planner and project manager for the New York City Department of Transportation’s bike program, Ryan watched as bike share systems began spread around the globe. He loved the concept but felt that infrastructure costs needed to be reduced in order for bike share to be financially sustainable. He identified one of the core problems, expensive smart-dock infrastructure, and set out to change the industry by using mobile technology to deliver a more affordable and advanced alternative.

SoBi technology continues to improve with advanced features from the tech industry to provide software and hardware that achieves cost reductions and efficiency gains. These unique features have fueled the company’s explosive growth and changed the landscape of the bike share industry.

Funding Rounds (7) - $1.3M

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DateAmount / RoundValuationLead InvestorInvestors
Aug, 2015undisclosed amount / Convertible Note1
Jun, 2015undisclosed amount / Convertible Note1
Nov, 2014undisclosed amount / Venture1
Aug, 2014undisclosed amount / Venture0
Jul, 2014undisclosed amount / Venture0
Nov, 2013undisclosed amount / Venture2
May, 2013$1.3M / Angel6

Current Team (4)

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Board Members and Advisors (2)

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Competitors (2)

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  • Bike sharing is an automated, dispersed, bike rental network that provides green transportation alternatives to communities.
  • BIXI is a company which rents out bikes and taxis in Montreal, Canada.

Offices/Locations (1)

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  • Headquarters

    148 East Broadway

    Suite 7

    New York, NY 10002

    USA

Past Team (1)

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Images (1)

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