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CityQ

CityQ

CityQ
Category
Business Description
The most efficient and sustainable transport of cargo and people in inner cities. Platform for downscaling cars into a range of high tech 4 wheel ebikes. 90% reduction in CO2 and energy consumption per km. Offered as rental and leasing.
Long Business Description

Cargo bikes for both passengers and cargo is among the fastest growing segment in MicroMobility
• Europe is the hot spot for these trends – both B2B and B2C demand – to reach EUR 10bn by 2030.
• Industry expects 2M units sold annually by 2030 – 1M each for cargo ebikes and family ebikes
• Across Europe there are incentives and refunds on buying cargo bikes (document available)

Unique platform to become a leader in this market
• CityQ is making first platform 4 wheel ebikes – fitting the both cargo and family ebikes (getting ahead in scaling)
• CityQ best on KPIs for B2B cargo bike customers – both for cost/efficiency and functionalities.
• Modular vehicle platform - enabling the fastest and leanest in integration of own and 3rd party innovation
• IKEA-concept for agile and lean assembly. Competitive advantage for entering strategic partnerships, local distributed assembly and addressing niches with customized models

Proven Traction ahead of launch
• Proven traction in key markets - by signing up handful of top tier customers with initial fleet orders. Covers all initial production capacity. And with more than 3000 registered with interest to buy.
• Initial customers signed with either buying the vehicle – or rental/subscription 12-24months.
• Signed partners in key markets to assist with both reselling and serving after-sales market

Upcoming launch and entering growth phase
• Strong team and partnerships securing high matureness and quality upon product launch
• Ready to launch with marginalized product risk.

Based in
Oslo
Tags
mobility , transport , automotive , rental
Total Funding
Between €1 million-€ 2.5 million
Founded
2022
Website
cityq.biz
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