Wheels Labs
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$37.0m | Series A | ||
$50.0m | Series A | ||
N/A | - | ||
N/A | $6.5m | Late VC | |
* | N/A | Acquisition | |
* | N/A | N/A | Acquisition |
Total Funding | €85.0m |
Recent News about Wheels Labs
EditWheels is a micromobility company specializing in the rental and sale of seated electric bikes, designed with unique safety features such as self-sanitizing handlebars, brake levers, and integrated smart helmets. The company operates in various cities across the United States and internationally, including Berlin, Germany. Wheels caters to a diverse clientele, from individual consumers to corporate and collegiate campuses, offering a more accessible and stable riding option compared to traditional scooters. The business model includes direct sales, rentals, and subscription services, enabling users to access their bikes 24/7. Revenue is generated through these multiple streams, ensuring flexibility and convenience for users. Wheels aims to provide a safer, more comfortable micromobility solution, reducing injury rates significantly compared to traditional scooters. The company also supports couriers in delivering goods efficiently, promising delivery times of 15 minutes or less.
Keywords: micromobility, electric bikes, rentals, sales, safety features, global operations, subscription services, corporate campuses, collegiate campuses, couriers.