In May 2024, Cyclobility, a leading Belgian provider of bicycle leasing services for companies, entered into a strategic partnership with Down2Earth Capital II (D2E). This collaboration marks a significant milestone for Cyclobility, emphasizing its dedication to continue to expand sustainable mobility offering and deliver exceptional service quality. The management team, led by CEO Andries Aumann, remains fully committed and significantly reinvests in the company alongside D2E.
Founded in 2016, Cyclobility has swiftly become a major player in the Belgian bicycle leasing market. The company offers a wide array of high-quality bicycles and leasing options designed to encourage daily bicycle commuting and simplify leasing for employers. Cyclobility operates six stores in Gent, Roeselare, Aalst, Sint-Niklaas, Kluisbergen, and Lier. Beyond its physical stores, Cyclobility enhances customer convenience with its mobile service units, providing maintenance and support directly at clients' locations.
Kumulus Partners acted as the exclusive financial adviser to Cyclobility in this transaction. Kumulus Partners organized the entire sale process, focusing on attracting investors, managed the due diligence, and negotiated the terms of the partnership, ensuring a successful outcome. The partnership with D2E brings a strong partner on board to help realize Cyclobility’s ambitious goals.
