About Lug & Carrie
Lug & Carrie is a company based in Fitzroy (Australia) founded in 2019.. Lug & Carrie has raised $5 million across 1 funding round. Lug & Carrie offers products and services including eBike Subscription, eBikes for Commuters, and eBikes for Families. Lug & Carrie operates in a competitive market with competitors including Sunshine Cycles, VAIMOO, CyclePort, Brisbane Bike Rental and BlueBananas, among others.
- Headquarter Fitzroy, Australia
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Seed
Sep 27, 2022
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Investors
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Employee Count
Employee Count
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Products & Services of Lug & Carrie
Lug & Carrie offers a comprehensive portfolio of products and services, including eBike Subscription, eBikes for Commuters, and eBikes for Families. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides ongoing eBike rental with maintenance, insurance, and delivery options.
Electric bikes designed for daily commuting and carrying loads efficiently.
Family-oriented eBikes with accessories for safe and reliable transport.
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Funding Insights of Lug & Carrie
Lug & Carrie has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5 million completed in September 2022. 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 1
- Last Round Seed — $5.0M
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First Round
First Round
(27 Sep 2022)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - Lug & Carrie | 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 |
Investments & Acquisitions by Lug & Carrie
| 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 - Lug Carrie
| 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 |
Lug & Carrie Comparisons
Competitors of Lug & Carrie
Lug & Carrie 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 Sunshine Cycles, VAIMOO, CyclePort, Brisbane Bike Rental and BlueBananas, 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.
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| domain | founded_year | HQ Location |
Electric bike rentals and tours are provided in Byron Bay.
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End-to-end SaaS platform for micromobility fleet management is provided.
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Offers smart parking systems designed for bicycles.
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Offers e-bike rental services in Brisbane for leisure and eco-friendly travel.
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| domain | founded_year | HQ Location |
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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 Lug & Carrie
When was Lug & Carrie founded?
Lug & Carrie was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Lug & Carrie located?
Lug & Carrie is headquartered in Fitzroy, Australia. It is registered at Fitzroy, Victoria, Australia.
Is Lug & Carrie a funded company?
Lug & Carrie is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Seed of $5M, raised on Sep 27, 2022.
What does Lug & Carrie do?
Lug Carrie was founded in 2019 in Fitzroy, Australia, as a platform in the urban mobility sector. Electric bicycles are offered for rent on a subscription model, with premium bikes and accessories provided. Delivery services and safety tips are included to support users. Swapping of bikes or accessories is enabled to accommodate evolving needs, facilitating flexible access in local operations.
Who are the top competitors of Lug & Carrie?
Lug & Carrie's top competitors include VAIMOO, Sunshine Cycles and CyclePort.
What products or services does Lug & Carrie offer?
Lug & Carrie offers eBike Subscription, eBikes for Commuters, and eBikes for Families.