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Cyclofix bicycle repairer raises 5 million euros

2020-09-21T15:35:05.461Z

The French start-up, which took advantage of the boom in cycling after leaving confinement, wants to settle in new French cities, but also in Europe.



The French start-up Cyclofix, leader in bicycle and scooter repair at the site of the breakdown, is taking advantage of the current upturn in the market for the little queen.

It has just raised 5 million euros from Decathlon and Via ID, its historical partner from whom it had already obtained 1 million euros in 2017 to finance its development.

Urban

transport has never undergone as many changes as it does today

,” comments Alexis Zerbib, CEO of Cyclofix.

The demand for repairs is exploding and this fundraising will allow Cyclofix to deploy all the necessary means in France and soon in Europe to best meet customer expectations. ”

Read also: Bike thefts explode: more than 500 bicycles disappear every month in Paris

A page opens in the history of the young company.

This new money will allow it to accelerate its network in France, by expanding into new cities such as Rennes, Orléans, Grenoble, Montpellier and Nice.

After having recorded a tenfold increase in its turnover upon exiting containment, Cyclofix now intends to set up in European cities where the modal share of cycling for daily journeys is significant and growing rapidly.

London and Brussels are therefore experiencing a respective increase of 10% and 44% of bicycle trips in urban areas, against 34% in Paris according to figures from Vélo & Territoires.

This fundraising will also allow Cyclofix to consolidate the already existing partnership agreements in France and in Europe.

The first was signed with Decathlon and allows customers of the sporting goods supermarket to have access to qualified and mobile repairers for all types of repairs (bicycles, electric bicycles and electric scooters).

Some customers have stood in line for four hours in front of a store of the sign to hope to see their bicycle roll again.

To read also: The "boost" for the repair of bicycles extended, with 20 million more

The second partnership was forged with Fnac / Darty, which has positioned itself for several years in the urban mobility segment by distributing scooters and electric bicycles.

From this collaboration was born the first Cyclofix workshop in the Fnac Ternes store in the 17th arrondissement of Paris to have its soft mobility machine repaired.

Cyclofix will also set up new partnerships for maintenance and after-sales service, with several lesser-known brands that invest in micro-mobility such as Angell, Cowboy or Fuell.

Source: lefigaro

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