• Target

    £3,000,000

  • Type

    Secondary Market

  • Close Date

    Feb 20 2020

  • Status

    Closed

RISK WARNING: Your capital is at risk. The risks of investing include: illiquidity; lack of dividends; loss of investment; and dilution. You should invest only as part of a diversified portfolio.
Please read FULL risk warning

Brompton Bike Hire

Join the revolution to make cities better. Compact and convenient; folding bikes from £3.50 a day, in locations across the UK.

Brompton bike hire logo triptych stacked

Investment closes only once the total pledged amount passes the minimum of £2,000,000

Total Pledged: £1,009,125
Max

£3,000,000

£

A pledge is not a commitment. You will be asked to confirm in the next section.

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Overview

Be part of the Brompton bike hire revolution.   Please register interest by Tracking this opportunity


Brompton's next generation of folding bicycles are faster, lighter and available to hire 


Brompton Bike Hire (‘BBH’) sells and manages a network of Bicycle hiring stations (‘Docks’) designed for the Brompton folding Bicycle. To September 2017 the company has sold 44 Docks to Partners, including councils, train operators and companies. The network has 796 Bicycles and is used by 4,532 active Members across 20 UK cities. BBH manages the operation of the network and Members pay BBH for their annual subscription and to hire the Bicycles. 

BBH is looking to raise Investment in order to prepare the business for international expansion. The money will be used to:
- increase the size of the existing network by installing Docks in strategic locations
- develop the service (technically and in customer experience)
This will bring the network past its critical mass and result in faster future growth and improved profitability. 

The first part of the Investment will be raised privately through Envestors, followed in May by a public raise on Crowdcube (within the same round) allowing Brompton enthusiasts to invest alongside experienced investors. 

Brompton bike hire
  • Sector: Consumer / Retail
  • Region: UK: London
  • Offer Price: £4.85
  • Number Of Shares: 20000
  • Share Types: Ordinary
  • Offered By: Shareholder
  • Originator: Brompton Bike Hire
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Originator


Originator: Brompton Bike Hire

Deal Type: Secondary_market

About: The unique Brompton folding bike was designed and built in London in 1975 by Andrew Ritchie in his flat in South Kensington opposite the Brompton Oratory. Still made in London today, Brompton is making over 45,000 bikes per year and is the UK’s largest bike manufacturer. Read more about our history

Contact Name: Will Butler-Adams