Velofix has closed a financing round with MKB Partners Fund LP, a growth equity fund focused on the clean energy, transportation, and smart city sectors.
MKB’s investment will help North America’s leading Mobile Bike Shop operator expand their geographic footprint, enhance its technological backbone, scale its marketing efforts and generally support velofix’s growth.
Cycling industry dynamics are shifting dramatically at a time when ridership is growing across the world. Velofix’s mission is to accelerate the adoption of sustainable mobility by providing premium, consistent, and reliable service as a leader in light mobility services.
As consumers demand other options and evolve from the traditional brick-and-mortar retail to ecommerce, velofix has the opportunity to enhance the direct-to-consumer options for bike servicing and delivery enabling the growth of bicycle e-commerce.
As the only large scale Mobile Bike Shop fleet with broad geographic coverage in North America, velofix is well positioned to be the dominant service and last mile delivery solution.
Velofix was launched in in 2013 by Chris Guillemet, Boris Martin, and Davide Xausa, who all share a passion for cycling and the common belief that bicycles can help change the world.
Velofix has also been featured on CBC’s Dragon’s Den, which resulted in Boston Pizza’s Jim Treliving coming on board as an investor. Charles Chang of Lyra Growth Partners has also invested in the company.