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Bikmo secures strategic partnerships and investment to fuel growth

Dec 16, 2024•over 1 year ago

Contract Type

partnership

ManchesterInsurance

Description

Bikmo has received an additional £4.75 million investment from Puma Growth Partners and is accelerating its developments with a new leadership team and strategic partnerships with Cycling UK, ACT, and Trek. The investment will be used to drive growth in Europe across direct sales, partners, leasing, and commercial channels, with a focus on expanding in the e-bikes and bike leasing market.

Company Information

Company

Bikmo

Location

Manchester, Greater Manchester, United Kingdom

About

Bikmo exists to enable you to ride more. We build insurance products to protect our customers for unexpected events, use technology to make taking out and managing your policy simple, and provide exceptional customer experiences through our team of bike geeks. Bikmo is a market-leading cycle insurer with a simple mission to protect the world’s riders, and the places we ride. We love it because we live to ride. Growing fast, we now protect over 75,000 riders across the UK, Ireland, Germany and Austria, and we count the likes of British Cycling, Deliveroo, Brompton and Cyclescheme as partners. We are proud to be a BCorp and 1% For The Planet Member, with clear social and environmental goals that align with our company mission. We believe that local bike shops are the cornerstone of the bike community and we have set ourselves a target to bring £10m annually back to independent local retailers 2023. Apart from cycle insurance, we offer peace-of-mind in the form of travel insurance to wanderers in the UK, designed for adventure sports trips across the world. Bikmo was founded in 2014. We’re headquartered in Chester, UK, and in 2018 we have expanded to Ireland, Germany and Austria with offices in Munich, Germany and Innsbruck, Austria. If you would like to learn more about Bikmo, our team or would like to become our partner please visit our website - bikmo.com

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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