buycycle, one of Europe’s leading marketplaces for high-value, pre-owned bikes, is expanding its business to the US market. The move comes at a time when 75% of all bicycle sales in the US are in the sportbike segment. The market volume for new bikes in the US in 2021 was $12 billion and is expected to grow with a compound annual growth rate of 8.8% by 2030.
With over 15,000 pre-owned and refurbished bikes listed on its platform, and currently live in 30 countries, the fast-growing startup is on a mission to connect buyers and sellers on a global scale. With guaranteed buyer protection, first-class services, and insurance, buycycle provides a safe space for cycling enthusiasts to buy and sell their most treasured bikes from anywhere and at any time.
CEO and Co-Founder Theo Golditchuk said: “Since we launched buycycle in 2021, we have grown super fast across Europe. The strong demand in the US took us by surprise – we noticed an uptick in organic sales which showed us that there is a big interest in pre-owned bikes and the need for a platform where people can buy and sell them safely and conveniently. We have built a dedicated US team to launch the market and are incredibly excited to expand the success we have witnessed in Europe.”
After establishing itself as the trusted market leader in Europe, buycycle is looking to replicate its success in the US market by making pre-owned bikes accessible to all as well as contributing to a circular economy in the mobility sector.
With prices up to 70% off, buycycle has something on offer for every cycling enthusiast out there. What really makes the platform stand out is that it makes the experience of buying and selling used bikes as easy, convenient and safe as online shopping.
buycycle’s mission is to build and connect a trusted community of bike enthusiasts across the world. The startup believes that your next dream bike does not have to break the bank and can still provide the quality and performance desired. buycycle makes the process of buying and selling used bikes safe, easy and convenient.
Founded in 2021 by Jonas, Florian, and Theo – three friends who met through their love of cycling. Back then, it was extremely challenging to get hold of affordable beginner bikes, especially pre-owned ones. When Jonas went to order his first triathlon bike, he didn’t feel comfortable transferring money to a stranger on a local online marketplace, as he was unsure of whether the bike would actually arrive. From this experience, the idea for buycycle was born, and the three cycling enthusiasts were able to turn their passion into their profession.
Today, the founders are thrilled to be working on creating the world’s leading marketplace for high-value pre-owned bikes, making selling and buying pre-owned bikes just as easy as riding them.
Read the orginal article: https://www.eu-startups.com/2023/08/munich-based-buycycle-expands-its-marketplace-for-pre-owned-bikes-to-the-us-market/
