About Cyacle Bikeshare
Cyacle Bikeshare is a Transportation, Automotive & Logistics company based in Abu Dhabi (United Arab Emirates) founded in 2015 by Hani Akasha and Mohamed Kamran Tabassu, and was acquired by Careem in May 2019. Short-term bicycle rentals are offered from stations in Abu Dhabi. Its focus areas include Consumer, Road Transport Tech, Self Drive Rentals and Bicycles.
Company details
Cyacle Bikeshare is a bicycle rental service in Abu Dhabi, owned and operated by Cyacle. The service is supported by Abu Dhabi Commercial Bank. Operates the service with over 325 bicycles from 50 stations in Abu Dhabi. Users can join the scheme, rent the bicycles and return them to the stations after the ride. Provides 1 day and 3 day passes for casual users and monthly and yearly memberships for regular users.
- Headquarters Abu Dhabi, United Arab Emirates
- Founders Hani Akasha, Mohamed Kamran Tabassu
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website bikeshare.ae
- Social Facebook
- Acquired by Careem (May 2019)
Investors in Cyacle Bikeshare
Cyacle Bikeshare has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Careem.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Rides and deliveries are facilitated via a mobile app platform. | 2012 | careem.com | Dubai, United Arab Emirates |
Investor details for Cyacle Bikeshare
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People of Cyacle Bikeshare
2 people are tracked at Cyacle Bikeshare (2 in leadership).
| Name | Role | Group |
|---|---|---|
Hani Akasha | Co-Founder | Leadership |
Mohamed Kamran Tabassu | Co-Founder | Leadership |
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Timeline of Cyacle Bikeshare
2 dated milestones of Cyacle Bikeshare across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Cyacle Bikeshare is founded.
- Exit Acquired by Careem.
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Related news about Cyacle Bikeshare
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Frequently Asked Questions about Cyacle Bikeshare
Cyacle Bikeshare was founded in 2015.
Cyacle Bikeshare is headquartered in Abu Dhabi, United Arab Emirates. It is registered at Abu Dhabi, Abu Dhabi, United Arab Emirates.
Cyacle Bikeshare is a bicycle rental service in Abu Dhabi, owned and operated by Cyacle. The service is supported by Abu Dhabi Commercial Bank. Operates the service with over 325 bicycles from 50 stations in Abu Dhabi. Users can join the scheme, rent the bicycles and return them to the stations after the ride. Provides 1 day and 3 day passes for casual users and monthly and yearly memberships for regular users.
Cyacle Bikeshare has 1 investor. Key investors include Careem.
Yes. Cyacle Bikeshare was acquired by Careem in May 2019.