About Pedal Me
Pedal Me is a company based in London (United Kingdom) founded in 2017 by Robert Sargent, Chris Dixon, and Ben Knowles.. Pedal Me has raised $1.82 million across 3 funding rounds. The company has 66 employees as of February 28, 2022. Pedal Me offers products and services including Cargo Bike Courier Service, External Training, and Passenger Service. Pedal Me operates in a competitive market with competitors including Gopuff, DeliveryApp, Shutl, Peyk and Coyote Logistics, among others.
- Headquarter London, United Kingdom
- Employees 66 as on 28 Feb, 2022
- Founders Robert Sargent, Chris Dixon, Ben Knowles
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bike Taxi Limited
- Date of Incorporation 01 Feb, 2017
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.82 M (USD)
in 3 rounds
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Latest Funding Round
$812.6 K (USD), Seed
Apr 27, 2021
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Investors
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Employee Count
66
as on Feb 28, 2022
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Products & Services of Pedal Me
Pedal Me offers a comprehensive portfolio of products and services, including Cargo Bike Courier Service, External Training, and Passenger Service. 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 low-impact transport for parcels using cargo bikes in urban areas.
Delivers certified cargo bike training for safety and efficiency in logistics.
Offers bike-based passenger transport to bypass city traffic congestion.
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Funding Insights of Pedal Me
Pedal Me has successfully raised a total of $1.82M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $812.6 thousand completed in April 2021. 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 Seed — $812,602
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First Round
First Round
(31 Oct 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Seed - Pedal Me | Valuation |
investors |
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| Dec, 2019 | Amount | Seed - Pedal Me | Valuation |
investors |
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| Oct, 2018 | Amount | Seed - Pedal Me | 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 Pedal Me
| 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 - Pedal Me
| 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 |
Pedal Me Comparisons
Competitors of Pedal Me
Pedal Me 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 Gopuff, DeliveryApp, Shutl, Peyk and Coyote Logistics, 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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Latest news on Pedal Me
Frequently Asked Questions about Pedal Me
When was Pedal Me founded?
Pedal Me was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Pedal Me located?
Pedal Me is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Pedal Me a funded company?
Pedal Me is a funded company, having raised a total of $1.82M across 3 funding rounds to date. The company's 1st funding round was a Seed of $449.71K, raised on Oct 31, 2018.
How many employees does Pedal Me have?
As of Feb 28, 2022, the latest employee count at Pedal Me is 66.
What does Pedal Me do?
Pedal Me was founded in 2017 in London, United Kingdom, as an online platform in the mobility and logistics sector. Rides are booked by users through details such as location and passenger information, with services supported by cargo bikes for two-wheeler transport. On-demand delivery options are provided, alongside features including live vehicle tracking and multiple payment methods. Operations focus on urban ride-hailing and parcel delivery within the region.
Who are the top competitors of Pedal Me?
Pedal Me's top competitors include Gopuff, DeliveryApp and Peyk.
What products or services does Pedal Me offer?
Pedal Me offers Cargo Bike Courier Service, External Training, and Passenger Service.