The problem
Gig couriers, often immigrants without credit, can't afford safe certified e-bikes or keep them running
What they do
Rent-to-own e-bike subscriptions with maintenance and battery swaps for delivery couriers
Traction ARR >$8M (mid-2024, 3.5x YoY); 5,000+ e-bikes in 6 US cities; EBITDA-positive
Hiring trend
- Open roles
- 10
- Ops roles
- 2
- Headcount
- ~100-120
Flat: ~101 on LinkedIn, -4.7% YoY (CEO says 120); 10 hourly field roles, adding Miami
Hiring in
- Miami
- New York
- Jersey City
Glassdoor
3.8 ★ 7 reviews ↗Funding
- Last round
- $12M ($5M equity + $7M venture debt)
- Stage
- Series A
- Date
- Jun 2024
Led by LETA Capital (equity); Flashpoint (debt)
- Hiring+1.510 open roles on the live job board (10–29 roles = +1.5)
- Funding recency0Series A · $12M ($5M equity + $7M venture debt), Jun 2024 (28 months ago): over 24 months = 0
- Traction+0.75Some growth: ARR >$8M (mid-2024, 3.5x YoY); 5,000+ e-bikes in 6 US cities; EBITDA-positive
- Red flags0Watch-outs noted below, none scored as a significant flag
- Total2.251.5 + 0 + 0.75 − 0 = 2.25 → Warm-up
Seed rule: a Series A of $15M or less without strong traction starts in Warm-up whatever the score (Steady by score alone).
Distance (10K) is a separate read on how long the lead can last. It doesn't change the score.
Distance
10K · edge: cheaper at size
Small, debt-funded e-bike fleet; demand rides on gig platforms and immigration policy.
Sources: Zag Daily, Oct 2025: 9 locations, 3,000 repairs/mo, own ERP and bikes ↗ · LETA Capital, Jun 2024: $12M Series A, ARR >$8M ↗ · CEO LinkedIn, Sep 2026: EBITDA-positive, AI-run ops ↗ · Whizz careers: field recovery, mechanics, store roles ↗
Watch-outs
Soft, not scored: headcount -4.7% YoY on LinkedIn data (under the 5% bar); fleet ~5,000 in Sep 2025 and still '5,000+' in Sep 2026; Chicago rentals fell 8% amid immigration crackdown (Oct 2025); no new priced round since Jun 2024
Sources: LinkedIn company data via search: 101 staff, -4.7% YoY ↗ · Zag Daily, Oct 2025: fleet of 5,000 e-bikes ↗ · Mike Peregudov (CEO) LinkedIn, Sep 2026: 120 people, 5,000+ e-bikes ↗ · TechBuzz/TechCrunch, Oct 2025: Chicago rentals down 8% ↗ · Tracxn: last round Series A Jun 2024 ↗
Last checked Oct 13, 2026