Zygg is a subscription e-bike service for personal riders, food delivery and B2B/B2G fleets. Our goal is to transform billions of urban car & truck trips to ebike rides. We provide e-bike hardware, service and finance, rolled into a simple monthly price that includes delivery, maintenance, repairs and even reduced liability.
launched June 1, 2020 deal with General Motors for 200+ Ariv ebikes raised US$1M in equity & debt sold out at over 220 riders in September 2020 B2C, B2C2B riders & B2G pilot strong sales in off season headed to fully deployed / 300 ebikes by March 31, 2021 400 more ebikes secured for spring/summer in very tight market both OEM & in-house / white label ebikes in supply chain $129 / rider / month $100M ARR with 25 cities at 3,000 bikes
Zygg services - Personal riders (commuters & urban adventures, the largest market eventually)
- Food delivery workers (a very fast-to-grow market where ebikes are essential to earn more money)
Supply chain is strained due to covid and covid-related demand capital intensive greatest risk is getting acquired as there will be (multiple) brands providing this service, and it is an entirely green field right now in the Americas.
Incubation/Acceleration programs accomplishment
Won the competition and other awards
2020 Transit Research Board 6-Minute Pitch, winner