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Absolute Cycling

Absolute Cycling will launch the smartest cycling computer in the world end of 2023. Built on innovation and with a passion for cycling, Absolute Cycling is Reinventing Your Ride!
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(Data is self reported)

FINANCIAL PERFORMANCE

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Number of paying customers
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INVESTMENTS

Do you have a lead investor?
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How much have you raised in the past?
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How much of this round already committed?
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When are you aiming to close this round?
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TEAM

How much time do the founders spend on the business?
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Is there a founder with previous co-founder / c-level at startup experience?
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Is there a founder with previous Sector Experience?
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Is there a founder with previous Exit Experience?
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What percentage of company is owned by founders?
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Is there a women founder with at least 5% of the shares?
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Is there a founder with a EUR / Erasmus MC or TUDelft relation?
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Graduation year from EUR, Erasmus MC or TUDelft
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OTHER

Year founded
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Patent status
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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
pre-revenue
Growth rate month over month
not growing
Monthly revenue context
Number of paying customers
0
Monthly active users

INVESTMENTS

Do you have a lead investor?
No
How much have you raised in the past?
Business Angels: 2.950.000 Subsidy's: 1.010.297 External loans: 940.700
How much of this round already committed?
750000
When are you aiming to close this round?
Q3-2023

TEAM

How much time do the founders spend on the business?
100%
Is there a founder with previous co-founder / c-level at startup experience?
No
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
No
What percentage of company is owned by founders?
<50% owned by founders
Is there a women founder with at least 5% of the shares?
No
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
None of these
Graduation year from EUR, Erasmus MC or TUDelft

OTHER

Year founded
2017
Patent status
Our Absolute Positioning Technology (APT) is patented

Basic details

Amount raising
1500000
Country
Netherlands
Industry
DeepTech, AI/ML, Sports, Mobility
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
April 27, 2023

Key Achievements

  • Absolute Cycling is already on the radar and got a lot of interest from professional cycling (world tour) teams and tier A brands in cycling. The production process at our Dutch production partner Variass is in place and ready for scale up. In March 2023, 30 cycling computers have been successfully produced. After successful tests, another 180 computers will be produced in April. These computers will be part of an extensive field test campaign to finalize and optimize the software. After the test campaign Absolute Cycling will ramp up to 1.000 computers a month.
  • With only a small marketing budget, Absolute Cycling collected >10 thousand followers on newsletter and socials and there has been a lot of media attention on blog, cycling magazines and websites.

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