With its refurbished bikes, Neold attracts investors
This page is translated from the original post "Avec ses vélos reconditionnés, Neold séduit les investisseurs" in French.
- 25/03/2025 12:09
Neold marks a key milestone in its development by raising €1 million. The effectiveness of doing new with old has been proven.
Founded in 2022 by Thibault Penicaut, Neold (formerly Cycling) aims to structure the market for refurbished electric bikes, similar to what exists for used cars. The rebranding reflects a clear ambition: to democratize access to restored electric bikes as an economical and sustainable alternative. The combination of the terms “Neo” and “Old” embodies the idea of renewal and sustainability, core values at the heart of Neold’s mission.
Supported by the family office Skalepark, business angels, and Bpi, this fundraising will enable the company to industrialize its processes, invest in new premises of 1,300 m² in Bordeaux, and develop its business model. This site includes a 1,000 m² refurbishment workshop, a 300 m² showroom, and the headquarters offices, providing an immersive experience for customers.
The electric bike market, which is experiencing rapid growth, presents a major opportunity, especially given the high cost of new models, approaching 2,000 euros. By offering refurbished bikes at 20 to 60% lower prices, Neold meets a growing demand while promoting responsible mobility.
Thanks to this funding, the company plans to expand its territorial network and launch a B2B offering aimed at businesses wishing to strengthen their CSR policies while providing mobility solutions to their employees.
With a turnover of over one million euros in 2024, Neold intends to double its sales and revenue by 2025, focusing on controlled expansion and continuous service optimization. An exciting French adventure that we will follow with enthusiasm at Mobiwisy.
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