Cycle comparison site Bikmo is riding onwards and upwards with a new crowd funding campaign. The online price comparison tool and cycling resource is seeking an investment of £125,000 to develop smartphone apps and new markets for the Bikmo brand. This includes an expansion into the triathlon category and expansion into international markets.
Bikmo (formerly Projekt 313) is a new, UK based cycle comparison website designed to make the whole bike buying process so much easier; and, for a limited time, athletes and fans can be a part of the company too for as little as £10. The business is currently raising investment to develop the site further via a crowd funding campaign on Seedrs.
What is Bikmo?
In short, Bikmo is made up of a group of IT experts, bike geeks and, believe it or not, an ex-nuclear engineer who set the company up following his own bike buying frustrations over the years.
Bikmo aims to simplify the shopping process and brings together all the information a consumer needs ‘on every piece of cycling equipment available on the market.’ The consumer can then view all available media and rider reviews for a chosen product and find the best deals on it across the UK.
With over 50 online retailers and 2500 local independent retailers to choose from in one location, Bikmo notes that ‘finding that perfect bike or accessory could not be easier.’
Product searches can be personalised according to rider budget and riding style and, with Bikmo’s Bike Shed feature, consumers can build up ‘shelves’ of products they like or are saving up for. These ‘shelves’ can also be shared via social media to see what your mates think of your choices.
Why consider investing in Bikmo?
Recently featured in The Times as one of the ’15 best sites and apps that can save you a packet’ alongside Skyscanner.com and Which.co.uk, Bikmo is already making itself known in the cycling market and the wider world.
The company is also partnering with well-respected companies in the cycle trade by helping them develop e-shops and has a widespread marketing and PR campaign set to kick off. With plans to extend Bikmo’s reach into the tri and snow markets, this young UK company is taking on the world and is inviting cycling and endurance sport enthusiasts to share in this success.
Bikm’s target investment amount is £125,000 with a minimum investment of only £10 required as Bikmo’s head bike geek and resident nuclear expert explains…
“The cycle industry have already adopted Bikmo with open arms and we’re seeing retailers and cycle media wanting to be part of the site and involved with what we are doing,” said Bikmo CEO David George.
“With the crowd funding investment, we will develop smartphone app versions of Bikmo, create exciting new features and make it even more user friendly. We will also develop new markets for the Bikmo brand and welcome anyone with a passion for bikes and an eye for investment to come on-board and share in this success.”
Ben Amer, Business Development Manager at Bikmo added, “Coming from a triathlon background myself, I appreciate how much kit you need and how many websites you end up using to find equipment and technical data. So a move into tri is a great fit for us and our mission to help people search less and ride more.”
Bikmo will be hosting meet up events in Chester, Manchester and London to give interested parties an opportunity to meet the team and talk about the opportunity. Potential investors can check out the Bikmo Seedrs page and social channels for updates.
More information and a full Bikmo pitch video explaining the details of the company, the site and the investment can be found below:
Bikmo is an intelligent search and price comparison website with the aim ‘to make life more simple for anyone who rides a bike.’ Bikmo, is based in Chester, UK and is developed and run by a team of 6 bike geeks.