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DateInvestorsAmountRound
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$37.0m

Series A

$50.0m

Series A

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$6.5m

Late VC
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N/A

Acquisition
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Acquisition
Total Funding$93.5m

Recent News about Wheels Labs

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More about Wheels Labsinfo icon
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Wheels is a micromobility company specializing in the rental and sale of seated electric bikes, designed with unique safety features such as self-sanitizing handlebars, brake levers, and integrated smart helmets. The company operates in various cities across the United States and internationally, including Berlin, Germany. Wheels caters to a diverse clientele, from individual consumers to corporate and collegiate campuses, offering a more accessible and stable riding option compared to traditional scooters. The business model includes direct sales, rentals, and subscription services, enabling users to access their bikes 24/7. Revenue is generated through these multiple streams, ensuring flexibility and convenience for users. Wheels aims to provide a safer, more comfortable micromobility solution, reducing injury rates significantly compared to traditional scooters. The company also supports couriers in delivering goods efficiently, promising delivery times of 15 minutes or less.

Keywords: micromobility, electric bikes, rentals, sales, safety features, global operations, subscription services, corporate campuses, collegiate campuses, couriers.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Wheels Labs

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MYGO
ACQUISITION by Wheels Labs Jan 2020