About Faraday Bicycles
Faraday Bicycles is a company based in San Francisco (United States) founded in 2012 was acquired by Pon in January 2017.. Faraday Bicycles has raised $3.96 million across 3 funding rounds from investors including Pon. Faraday Bicycles operates in a competitive market with competitors including Rad Power Bikes, Aventon, Velotric, Evelo and Ride1Up, among others.
- Headquarter San Francisco, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
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Social
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- Legal Name Faraday Bicycles, Inc.
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Funding Insights of Faraday Bicycles
Faraday Bicycles has successfully raised a total of $3.96M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $500 thousand completed in March 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $500,000
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First Round
First Round
(18 Nov 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2016 | Amount | Series A - Faraday Bicycles | Valuation |
investors |
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| Jul, 2015 | Amount | Series A - Faraday Bicycles | Valuation |
investors |
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| Nov, 2014 | Amount | Angel Round - Faraday Bicycles | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Faraday Bicycles
Faraday Bicycles has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Pon. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of trading and car service
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Faraday Bicycles
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Faraday Bicycles
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Faraday Bicycles Comparisons
Competitors of Faraday Bicycles
Faraday Bicycles operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rad Power Bikes, Aventon, Velotric, Evelo and Ride1Up, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of electric bicycles
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| domain | founded_year | HQ Location |
Electric bicycles and accessories are manufactured and sold by Aventon.
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| domain | founded_year | HQ Location |
Electric bicycles are manufactured for urban mobility solutions.
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| domain | founded_year | HQ Location |
Electric bicycles developer
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| domain | founded_year | HQ Location |
Electric bicycles are designed, manufactured, and sold by Ride1Up.
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| domain | founded_year | HQ Location |
Sells electric bikes, scooters, hoverboards, and accessories through online platforms.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Faraday Bicycles
When was Faraday Bicycles founded?
Faraday Bicycles was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Faraday Bicycles located?
Faraday Bicycles is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Faraday Bicycles a funded company?
Faraday Bicycles is a funded company, having raised a total of $3.96M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $300K, raised on Nov 18, 2014.
What does Faraday Bicycles do?
Faraday Bicycles was established in 2012 as a spin-out from the design firm IDEO and is headquartered in San Francisco, United States. The company operates in the electric mobility sector, with a focus on the design and production of electric bicycles. Manufacturing of its flagship model, the Faraday Porteur, commenced in January 2014. Current efforts center on developing urban-friendly e-bikes for practical commuting needs.
Who are the top competitors of Faraday Bicycles?
Faraday Bicycles's top competitors include Rad Power Bikes, Aventon and Velotric.
Who are Faraday Bicycles's investors?
Faraday Bicycles has 1 investor. Key investors include Pon.