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) - $1.3MUpdate
|Date||Amount / Round||Valuation||Lead Investor||Investors|
|Aug, 2015||undisclosed amount / Convertible Note||—||—||1|
|Jun, 2015||undisclosed amount / Convertible Note||—||—||1|
|Nov, 2014||undisclosed amount / Venture||—||—||1|
|Aug, 2014||undisclosed amount / Venture||—||—||0|
|Jul, 2014||undisclosed amount / Venture||—||—||0|
|Nov, 2013||undisclosed amount / Venture||—||—||2|
|May, 2013||$1.3M / Angel||—||David Rose||6|
Current Team (4)Update
Board Members and Advisors (2)Update
|Apr 1, 2016||Buffalo News - On the Record / April 1, 2016|
|Mar 24, 2016||Venture Capital Database - 56 Startups Making Cities Smarter Across Traffic, Waste, Energy, Water Usage, And More|
|Jan 29, 2016||Slash Gear - Nike partners with Portland to expand bike sharing program|
|Jan 7, 2016||Boston Tech Flash - Nike's bike share sponsorship ends years of frustration for Portland planners|
|Apr 22, 2015||Business Wire - OurCrowd Marks Israel's 67|
|Apr 22, 2015||Business Wire - OurCrowd Marks Israel's 67th Anniversary with Addition of 67th Portfolio Company|
|Dec 17, 2014||YourStory News - 7 tips for angel investors and entrepreneurs - from David Rose, Founder of New York Angels|
|Dec 15, 2014||Tech Cocktail - TransitScreen Looks to Keep Up With Fast-Changing Transportation Landscape|
148 East Broadway
New York, NY 10002