Magic Lane

Map, Location & Navigation platform and technology to enable EV, micro mobility use cases for a safer, healtier,cleaner and more efficient journey

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(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue

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Growth rate month over month

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Monthly revenue context

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Number of paying customers

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Monthly active users

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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

€20K - €40K

Growth rate month over month

>16%

Monthly revenue context

One time fees, license fees, (annual) maintenance cost (AMC)

Number of paying customers

Monthly active users

20000

INVESTMENTS

Do you have a lead investor?

How much have you raised in the past?

Magic Lane is fully funded by the founders

How much of this round already committed?

500000

When are you aiming to close this round?

Q1 next year

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?

Yes

Is there a founder with previous Sector Experience?

Yes

Is there a founder with previous Exit Experience?

Yes

What percentage of company is owned by founders?

100% 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?

Founder graduated from TU Delft, EUR or Erasmus MC

Graduation year from EUR, Erasmus MC or TUDelft

1996

OTHER

Year founded

2022

Patent status

Also due to the nature of our highly academic dev team (50 FTE) we are continously evaluating this option

Basic details

Amount raising

1500000

Country

Netherlands

Industry

Mobility, Saas, Security, Logistics, Energy, AI/ML, Climate, Industry, Productivity

Website

https://www.magiclane.com/

Founders

Last updated:

December 5, 2023

Key Achievements

Grew users/devices (licenses) within existing and new customer base (Euro 130k last year, this year 750k expected) for EV, micro mobility and special vehicles. While building the tech and the organisation on our own funds, we figured out our sweetspot, ICP's and are ready to scale, hence the reach out to capital and (sales/mkt) knowledge to do so
Did build partnerships to expand in Asia (brimming funnel in this region already through a partner) and just started a partnership with one of the biggest bike OEM's to digitize their e-cycling/rider experience based on our technology.

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