Absolute Cycling

(€750K already committed) 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!

Basic details

Amount raising

€

1.5M

Country

Netherlands

Industry

DeepTech,AI/ML,Sports,Mobility

Website

https://www.absolutecycling.com

Founders

Last updated:

April 17, 2023

Key Achievements

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. 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.

Premium Details Available

Growth rate (month over month)
Growth rate (month over month)
Monthly Revenue Range
Contextual explanation on monthly revenues
Number of paying customers
Number of active users
Percentage of company owned by founders
Amount raised in the past
Is there a lead investor?
Amount in this round already committed
When aiming to close this round?

Percentage of their time founders are spending on this.
Is there a founder with previous c-level or founder experience?
Is there a founder with exit experience?
Is there a founder with previous sector experience?
Is there a women founder with at least 5% in the team?
Year founded

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Premium Details

(Data is self reported)

Monthly Revenue

pre-revenue

Growth rate month over month

Monthly revenue context

Number of paying customers

Monthly active users

How much have you raised in the past?

Business Angels: 2.950.000Subsidy's: 1.010.297External loans: 940.700

Do you have a lead investor?

How much of this round already committed?

750000

When are you aiming to close this round?

Q3-2023

Patent status

Our Absolute Positioning Technology (APT) is patented

Year founded

2017

How much time do the founders spend on the business?

100%

Is there a founder with previous co-founder / c-level at startup experience?

Is there a founder with previous Sector Experience?

Yes

Is there a founder with previous Exit Experience?

What percentage of company is owned by founders?

<50% owned by founders

Is there a women founder with at least 5% of the shares?

Is there a founder with a EUR / Erasmus MC or TUDelft relation?

None of these

Graduation year from EUR, Erasmus MC or TUDelft

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