Rent-Venture’s Post

Twelve months ago we caught up with Adam Townsend and Lyndal Bailey, two of the three founders of new tech business venture. Bike Matrix Ltd sounded pretty darn cool, not to mention inspiring (you can still find the story on RotoruaNZ.com). Recently Adam, Lyndal and third founder Adam Barnes got in touch with us again with exciting news: they’ve received a $2M investment via silent contribution from within the bicycle industry, which they say, “brings invaluable market validation, experience, and expertise from a seasoned industry insider.” The team’s success at Eurobike 2024, the world’s largest bicycle industry trade event, including winning a Eurobike Award, highlights the strong industry support for Bike Matrix’s compatibility solution. These results not only validate the groundbreaking nature of Bike Matrix’s technology but also brings international attention to Rotorua’s tech scene. Read more on Mai Rotorua about how Lyndal and the two Adams plan to revolutionise the bike industry globally. #RotoruaNZ #RotoruaProud #MaiRotorua #OurPeople #Community #TellingOurStories #LocalHeroes #RotoruaEntrepreneurs #RotoruaBusiness #TechStartUp

If you’ve ever suffered a flat tire or a broken chain while riding your bike to work, you know that #bicyclecommuting can be an unpredictable mode of transportation. Enter Worth Smith, a Boston-area entrepreneur who is radically changing that paradigm of bicycle ownership. His startup, NEMO, provides mobile, on-demand #bikerepairs for busy people, no matter where are. In my latest profile, I explore with Smith his evolution as an entrepreneur and technologist, his perspective on traditional bike repair and his new subscription-based model that is restoring reliability and #sustainability to bicycle commuting for cyclists of all stripes. #urbanmobility, CoMotion, Boston Cyclists Union, MBTA

🚗 Looking for Insights from hosts on Peer-to-Peer Rental Platforms! Do you or anyone you know rent vehicles on platforms like Turo, Getaround, or even handle private rentals? I’d love to chat with you! #carrentals #p2prentals #Turo #Getaround #vehicleowners

🚴♂️ Sad news for the cycling community: VanMoof, the beloved electric bicycle manufacturer, has been declared bankrupt by the Amsterdam District Court. As a biking enthusiast, I’ve admired VanMoof’s innovative designs and commitment to sustainability. However, this bankruptcy has left many employees anxious about their jobs and customers wondering about the future of their support and warranties. Reflecting on this situation, it makes me think about some harsh realities every startup faces: 1️⃣ **Operational Costs Matter:** Despite the hype around electric bikes, managing finances effectively is crucial. High operational costs can strangle even the most promising businesses. 2️⃣ **Market Adaptability:** Post-pandemic sales patterns have shifted dramatically. Companies need to pivot quickly to keep up with changes in consumer behavior. 3️⃣ **Customer Communication is Key:** When undergoing significant changes, transparent communication can build trust and maintain customer loyalty. 🤔 What are your thoughts on this? How can businesses ensure stability during unexpected financial strains? Let’s remember the lessons from VanMoof’s journey and strive for resilience in our own ventures. #VanMoof #Bankruptcy #CyclingCommunity #StartupChallenges #BusinessResilience #ElectricBikes

🚗💼 AlbCars – A Car Rental Marketplace Built for You! 🌍🚘 Hey LinkedIn! At AlbCars, we’re more than just a car rental platform—we’re building a community that empowers travelers and local businesses across Albania. Here’s why AlbCars is different: 💡 Built for You Our goal is to make your journey easier, whether you’re traveling for work, vacation, or an impromptu road trip. With just a few clicks, you can choose from a wide range of vehicles tailored to your needs. 🚘 🤝 Supporting Local Communities We’re proud to be working closely with local car rental businesses, giving them a digital platform to reach new customers and grow their operations. Together, we’re building an ecosystem where everyone benefits! 📈 📱 Seamless Experience The AlbCars app is launching soon! Say goodbye to paperwork and long lines—renting a car in Albania will be as simple as booking a flight. Get ready for an even smoother, faster, and more convenient experience. 🎉 🚀 Join the Journey We’re excited about what the future holds for AlbCars and are always looking to connect with fellow entrepreneurs, partners, and travel enthusiasts. Want to be part of our journey? Let’s chat! Thank you to everyone who has supported us so far. AlbCars is driving change in Albania, and we’re just getting started! Stay tuned for exciting updates, and as always, feel free to reach out. #AlbCars #CarRentals #Community #TravelTech #Innovation #Entrepreneurship #Albania #tirana

🚴♂️ Join us in this exciting adventure! 🚴♀️ Would you like to be part of it helping Crow? Contact us to know how Hello LinkedIn community Today, I am thrilled to share a journey fueled by passion and the relentless pursuit of innovation. It's not every day that we get the chance to redefine an industry, but that is precisely what we aim to do when we launched our new e-bike brand, CROW Bicycles. At Crow Bicycles, we are not just creating another e-bike, we are pioneering a new way of thinking and doing things in the cycling world. Our mission is to blend cutting-edge technology, sustainable practices, and a user-centric design to deliver a riding experience like no other. Here's what sets us apart: 🔋 Innovative Technology: Our e-bikes are equipped with state-of-the-art components that ensure optimal performance, reliability, and a smooth ride. 🌍 Sustainability: We are committed to minimizing our environmental footprint. From the materials we use to our manufacturing processes, sustainability is at the core of our brand. 🚴♂️ User-Centric Design: Every detail of our e-bikes is designed with the rider in mind. Comfort, functionality, and style are seamlessly integrated to offer an unparalleled experience. 💡 Crowd-Powered Vision: We believe in the power of community and collective wisdom. That’s why Crow Bicycles embraces a unique approach, leveraging crowdfunding to engage with our customers from the very beginning, allowing them to be part of our journey and share in our success. This is more than just a business venture; it’s a passion project, a labor of love, and a commitment to revolutionizing the way we move. The road ahead is challenging, but with the incredible support from our community and the unwavering belief in our vision, we are confident that Crow Bicycles will soar to new heights. #Innovation #Sustainability #EBikes #CrowBicycles #CyclingRevolution #CrowdPowered #PassionProject

Most people view the competition as a battle to be won at all costs. But my experience in the bike share industry, particularly from 2012 to 2019, was very much the opposite. There was a time when the term “bike share” was unfamiliar to most. Now, mention "bike share," and everyone knows what it is. This transformation was the result of an entire industry working together to innovate and grow. Pitching to cities often meant being in the same rooms with competitors, all vying for the same contract. Through these travels and meetings around the world, I befriended many of our competitors. Some folks that immediately come to mind include Lee Jones from Bcycle, Lauren Isaac from her time at Motivate, Sebastian Schlebusch from his time at NextBike, and Kyle Rowe from his time at Spin (see comments for the full list!). Together, we tackled a shared problem from slightly different angles, benefiting cities, communities, and the environment in the process. Competition, in this light, wasn't a hindrance, but a catalyst for collective progress. The bike share boom brought a wave of competitors, each pushing the industry forward, solidifying the category, and amplifying our impact. This competition spurred innovation, forced us to rethink our business models, and approach problems creatively. This is a testament to how competition can be a force for good, fostering better outcomes for everyone involved. It made me a better operator and, more importantly, showed me the value of viewing competitors as collaborators in a shared mission. I'm curious to hear from others. Is this sense of camaraderie in the face of competition unique to the bike share industry, or have you experienced something similar in your field? Are you friends with your competitors, or is that just me? :)

German bike share company nextbike nets 25% more rentals in the first half of 2024 compared to H1 last year.  The firm’s 120,000 bikes have been ridden roughly 24 million times already this year. Now in over 300 locations in more than 20 countries, nextbike has been one of the pioneers of the mobility revolution helping establish bike sharing as a core component of public transport worldwide. Sebastian Popp, CEO of nextbike, told Zag Daily: “We are delighted to see that even after 20 years in the business, the demand for our offer has not changed. To the contrary, every year more people take to one of our bikes across Europe. Bike sharing as part of public infrastructure has become indispensable in thousands of cities and municipalities, and our business model proves to be more effective than ever.” Read more: https://lnkd.in/eUrDMtjM

🚗 Are you tired of your car sitting idle in the garage? Want to turn it into a source of income? Look no further than ICE ride and rental! With our platform, you can safely and easily rent out your car to those in need of a ride. #CarRental #IncomeOpportunity 🤝 At ICE, we believe in creating a community where convenience meets efficiency. Whether you're a car owner looking to make some extra cash or a passenger in need of a hassle-free ride, we've got you covered. Join us today and be part of something truly unique. #RideHailing #Community 🚀 Say goodbye to the traditional car rental and ride-hailing services. ICE offers a seamless solution that caters to both car owners and passengers, ensuring a win-win situation for everyone involved. Don't miss out on this game-changer in the transportation industry! #Innovation #Convenience Ready to experience the future of transportation? Join ICE ride and rental today and see how we're revolutionizing the way people get around. Whether you need a ride or want to rent out your car, we've got the perfect solution for you. Let's make commuting easier and more efficient together! #FutureOfTransportation #JoinTheRevolution

Is car rental startup Kyte crashing down to earth? Greg Lindsay and Jonah Bliss discuss in the latest episode of The Courier