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Analog Motion

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E-bikes for cities

183%
 - 
Funded 11 Apr 2021
£200,003 target
£369,011 from 660 investors
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Business overview

Location London, United Kingdom
Social media
Website analogmotion.com/
Sectors Automotive & Transport Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 11084148
Incorporation date 27 Nov 2017
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Investment summary

Type Equity
Valuation (pre-money) £9.6M
Equity offered 3.68%
Tax relief

EIS

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Business highlights

  • £2.4m turnover in 2 years*
  • 2,000+ e-bikes on the streets in 400+ cities
  • 2.5x growth year-on-year
  • Featured in retail stores across UK and Europe
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Key features

  • Secondary Market
  • Nominee investment min. £14.82 +
  • Direct investment min. £25,000.00 +

Idea

Introduction

Moving through cities is an activity that is traditionally endured; we believe it should be enjoyed. Electric bicycles allow effortless movement through our urban environments however they are often heavy, expensive and unattractive; we believe they should be lightweight, affordable and beautiful. This was the intention when Nav and Jack launched the AM1 on Kickstarter in 2018, gaining the support of 498 backers.

We recognise the nuances of city living. An e-bike should be lightweight so it can be carried upstairs and have a removable battery so it can be charged indoors. Most trips are under 5 miles (8km), so our e-bikes strike the perfect balance of range, weight and style to power your journey whilst being incredibly fun to ride.

We want more people riding e-bikes, because when our streets are filled with e-bikes they become safer, cleaner and more enjoyable for everyone.

Substantial accomplishments to date

📈 250% growth year-on-year

💰 £2.4m turnover in 2 years*

🚲 2000+ bikes sold to 400+ cities in 30+ countries

🏬 Sold in stores across UK & Europe

🚢 Successfully manufactured and shipped 100% of all pre-ordered bikes in 2020

Monetisation strategy

We will continue to drive revenue via proven methods whilst developing new parallel streams:

🙋‍♂️ D2C sales: proven track record of successfully delivering on crowdfunding campaigns and providing sales & support to riders via our online platforms

🏬 Retailers: increased focus on our Distributor Network with 6-figure agreements in place and further growth anticipated

🚲 Alternative ownership methods: pilot of alternative payment structures to reduce barriers to entry and encourage adoption in new markets

🏦 Government support: strategies in place to further facilitate incentives such as C2W and subsidies available across our core markets

Since the beginning of the epidemic in 2020 Europe has spent €1bn on cycling infrastructure and <2300km of new bike lanes have been built.

E-Bikes were already a major growth segment before 2020, and COVID-19 turbo-charged this trend with a 92% year-on-year rise in e-bikes sold. Europeans are expected to buy 17 million e-bikes per year by 2030.

Use of proceeds

○ Research and development:
Accelerate the development of new products and technologies including a data-driven service platform, custom high-power electronics and mechanical innovation.

○ After-sales & support:
Scale-up our support and after-sales team to allow us to respond to peaks in demand and provide all of our riders with quick, efficient and comprehensive responses and solutions.

○ Top tier talent:
As we scale-up we're hiring engineers, developers and bolstering our executive team with industry experts from advertising, robotics and IoT.

○ Marketing:
Build our marketing and advertising reach to engage new audiences and encourage adoption in the post-covid world.

○ Operational capacity and retail:
Enhance our physical presence and team to deliver growth in the coming years and better serve our riders and communities.

*based on unaudited management accounts

Investor Perks

Key Information

Outstanding debt

Please note the business has the following outstanding debt:

£50k Bounce Back Loan (BBLS) taken out on 28th September 2020.

£95,000 Net sums owed to directors and staff re DLA & Expenses. This will be repaid as and when cashflow allows.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Analog Motion has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 29 January 2021 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £9,600,114

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

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Equity Offered

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When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

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Nominee investment

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Custodian

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Secondary market

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Direct investment

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

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Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

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Security Token

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