Cyclobility and Down2Earth join forces for a sustainable future in bike leasing
Cyclobility, a leading Belgian provider of bike leasing for companies, strengthens its position in the market through a strategic partnership with Down2Earth Capital II (D2E). This collaboration, which marks a new phase for Cyclobility, highlights the importance of sustainable mobility and high-quality service. The management team remains on board and is making a significant reinvestment in the company.
Founded in 2016 by Andries Aumann, Cyclobility aims to promote the use of bicycles in daily commuting and to relieve employers of the burden of offering bike leasing options. With a rapidly growing customer base and a wide range of high-quality brands, Cyclobility has established a strong position in the Belgian bike leasing market. The company currently operates six of its own physical stores, located in Ghent, Roeselare, Aalst, Sint-Niklaas, Kluisbergen and Lier, where private customers are also welcome. These physical stores, together with mobile service centers, ensure fast and high-quality maintenance for all customers, both in-store and on-site. In addition to its own retail network, Cyclobility has developed an extensive network of external bike shops.
CEO Andries Aumann, supported by the M&A expert team of Kumulus, emphasizes the importance of high-quality service as the cornerstone of the company. “ Our scalable IT infrastructure, combined with our in-house maintenance team, allows us to support and satisfy employers — typically HR departments — and their employees. We strongly believe in the growth of bike leasing as part of employee benefits and are determined to get more people on bikes. We are therefore very pleased and excited to welcome D2E as a strong partner to help realize this ambition. We would also like to thank our outgoing financial partners Regenero Impact Fund (a Degroof Petercam fund that invests in European companies promoting the transition to a regenerative economy), Trividend and Change-Credal for their support over the past years, ” he adds.
The entry of Down2Earth Capital II marks a new phase in Cyclobility’s growth. Alain Keppens of D2E highlights the potential of Cyclobility’s unique business model and the entrepreneurial spirit of its management team. “ Cyclobility’s unique business model leads to a superior level of service and customer satisfaction. We are very impressed by Cyclobility’s vision and entrepreneurship and look forward to a fruitful collaboration to achieve their growth ambitions together. ”
About Cyclobility
Cyclobility offers an efficient solution for commuting by leasing and selling high-quality (electric) bikes. This is done through six own stores as well as an extensive network of external bike shops. Contact Andries Aumann (+32 483 25 60 18) for more information.
About Down2Earth Capital
Down2Earth Capital is an independent private equity fund, founded in 2013, focusing on small and mid-sized transactions in Belgium. D2E Capital combines many years of successful private equity experience with top-level industrial expertise. For more information: www.d2e.be or contact Alain Keppens (+32 495 59 72 64).
