We’ve flagged up Bike Leasing Company on road.cc before – the company that helps cyclists afford high-end bikes through monthly payments to enable you to ride your dream machine with no commitment to buy once the lease period is up. Now, with the company anticipating growth, there’s an opportunity to invest in its future and own part of the business.
Run by cyclists for cyclists, Bike Leasing Company is pitching for investment through Crowdcube, a crowdsource funding platform that enables innovative companies to raise equity finance equivalent to a 20 per cent stake in the business, with the minimum level of investment standing at jut £10.
And as an extra incentive, if you invest just £10, you’ll be entered into a draw to win a free 12-month lease of a bike worth £5,000. There are also various other incentives on offer for different levels of investment:
Invest £250 and
Receive a free Bike Leasing Company T-shirt
Invest £500 and
Receive bike components or accessories up to a retail value of £200.
Invest £1,000 and
Recieve free bike components or accessories up to a retail value of £400.
Invest £2,500 and
Enjoy a premium bike on a free lease for 12 months up to a value of £1,500.
Invest £5,000 and
Enjoy a premium bike on a free lease for 12 months up to a value of £2,500.
Invest £10,000 and
Enjoy a free lease on a premium bike for 12 months up to a value of £6,000.
Full details of the pitch can be found on the Crowdcube website, where Bike Leasing Company has currently achieved 12 per cent of its £100,000 equity funding target.
Born in Scotland, Simon moved to London aged seven and now lives in the Oxfordshire Cotswolds with his miniature schnauzer, Elodie. He fell in love with cycling one Saturday morning in 1994 while living in Italy when Milan-San Remo went past his front door. A daily cycle commuter in London back before riding to work started to boom, he's been news editor at road.cc since 2009. Handily for work, he speaks French and Italian. He doesn't get to ride his Colnago as often as he'd like, and freely admits he's much more adept at cooking than fettling with bikes.