test-01-04-2022-20-25

$0.00

0%

1150 Pacific Street , Brooklyn, NY

Deal Terms

Valuation cap ?

$11,000,000

Minimum investment ?

$150

Funding goal ?

$25K – $1.07M

Deadline ?

March 13, 2022

Type of security ?

Crowd SAFE

Invest

Highlights

  • Bringing smart secure micromobility infrastructure networks to cities
  • Over $248K in 2021 gross revenue so far with two stations
  • 40 stations planned across the New York Metropolitan Area
  • Investors include Urban Us and JUMP Bikes Founder Ryan Rzepecki
  • Black & Brown led team of urban policy advocates and public space designers

Problem

The lack of secure parking is a major barrier for bike and scooter usage

The absence of secure parking options is one of the greatest barriers to bicycle and scooter adoption in cities today. Without safe and secure parking, riders are far more likely to experience adverse impacts such as theft, vandalism, and weather damage.

Likewise, bike and scooter owners lack access to a service ecosystem—like insurance, repair services, rentals, and more.

Bikes and scooters will never be a truly viable transportation option until it’s reliable, convenient and affordable.

Solution

Bringing convenient & secure bike parking networks to cities

Oonee builds both the infrastructure and digital marketplace that allows bicycles and scooters to thrive in today’s cities. We offer a network of smart, modular infrastructure that gives micromobility riders parking, charging, and servicing, while providing public amenities like greenery, ambient lighting, and seating. Our stations will be paired with an app that connects users to goods and services such as bike sales, rentals, and maintenance.

Oonee works for everyone

  • For cities: Oonee is a completely turnkey system. We design, finance, and operate the network, while helping cities achieve key climate and transportation goals.
  • For riders: Oonee provides a

… Read more

Product

Smart, modular bike parking and service marketplace

We’ve developed a comprehensive suite of smart, connected modular, and secure infrastructure for bicycles and scooters—all designed for today’s cities.

Each installation is equipped with advanced safety features to protect every bike inside, and comes in a variety of designs to accommodate differing demand scenarios, architectural environments, and site conditions.

Users can access the network of stations with a smart device on a 24/7 basis and soon with real-time availability. Users can also access goods and services offered by our small business partners through our Oonee Marketplace.

Traction

40 stations planned for the New York area

Oonee is much more than an idea. We’ve launched four pilot stations in New York and New Jersey, as we build the nation’s first regional bike parking network. We’re contracting with some of the region’s largest government agencies and private developers to develop a system that will provide secure parking to thousands.

We are contracting with Jersey City on thenation’s first municipal secure bike parking system—powered via sponsorship and advertisement revenue—and will be free for the public to use.

We’ve developed several preliminary partnerships to build pilots nationally, including in MiamiPhiladelphia, and Los Angeles.

3x revenue growth in 2021

We executed a 100K+/month deal… Read more

Customers

Cities and communities love Oonee

We’re working successfully with some of the largest public and private players in one of the hardest-to-penetrate markets in the nation—and we have rave reviews.

New York’s community leaders have rallied behind Oonee and called for implementing a secure bike parking system, like Oonee, citywide. Our work has sparked a movement to grow this essential urban infrastructure, and we’re leading the way.

Real estate & media partners

Key real estate partners include the Port Authority of NY & NJ, Two Trees, MTA, Madison International Realty, Jersey City, and Totem. Advertisers also partner with Oonee to reach high-demand areas.

“We’ve been extremely impressed with the Oonee
advertising… Read more

Business model

Each Oonee location pays for itself

Oonee draws revenue in three ways

  1. Advertising, specifically digital and static out-of-home (OOH) advertising on our parking infrastructures. These revenue streams cover the cost of the kiosks themselves.
  2. Sponsorship, including naming deals for the network complements the OOH.
  3. E-commerce & service platform, which capitalizeon the large number of micromobility users who are drawn to the free bike & scooter parking centers to sell items and serviceslike accessories, repairs, and maintenance.

Non-dilutive financing

We’ve secured term sheets to finance the next set of stations with non-dilutive capital. This allows us to devote funds from our equity raises to product development and… Read more

Market

Personal micromobility is a massive market

Growth in the micromobility market

Bicycles and micromobility are booming. In New York City, daily cycling trips have each increased by 116% since 2009. Covid-19 has accelerated this adoption as more folks look for safe, sustainable, and efficient modes of travel.

Bicycle shops and dealerships generate more than $6.2B in annual revenue in the nation—part of a larger $54B global bicycle industry. This market size is expected to appreciate substantially as consumers gravitate toward more expensive electric bikes and scooters. E-bike sales have increased 145% since 2019, and the e-bike market is projected to double in size by 2026.

Municipal investment

Cities are increasingly… Read more

Competition

We’re changing the game in transportation for cities

We’re completely changing the way that cyclists navigate their cities, and the way that governments approach this kind of infrastructure.

  • For cyclists, we provide seamless connectivity to a vast network of thousands of parking spaces throughout a city.
  • For municipalities and property owners, we offer a completely turnkey concession experience—we design, deploy, finance, and operate the infrastructure network. In addition to managing the deployments, we also work with local governments to solicit & incorporate feedback from riders and communities, thus building a base of engaged support for the program.

There isn’t another company in the space that does all of this.

Vision

One seamless ecosystem for micromobility

The new Oonee Pod incorporates over a hundred new improvements and features

We’re making the urban micromobility experience reliable, convenient, and affordable by building comprehensive networks of high-quality secure parking and service facilities for bikes, scooters, and other micromobility vehicles.

Design Innovation

In September 2021, we announced several new designs and technologies that would increase our ability to meet the complex demands of urban communities. The funds raised as part of this round will enable us to properly invest in product development to prototype and manufacture these designs.

The New Pod is optimized for manufacture and assembly, leading to a projected 50%… Read more

Investors

Backed by Urban Us and Ryan Rzepecki

Notable investors in Oonee include Urban Us and Ryan Rzepecki, Founder and CEO of Social Bicycles/JUMP Bikes.

Urban Us is one of the leading climate tech investors in North America by Climate50.

Ryan Rzepecki is the founder and CEO of Social Bicycles/JUMP, which was acquired by Uber for $200M. Many regard him as one of the most influential founders in the micromobility space.

We are currently raising to support:

  • Product development
  • App and e-commerce platform build-out
  • Design for mass manufacture and assembly (scale)
  • Staff and contractors to build internal capacity, especially for tech, operations, and real estate acquisition
  • Vehicle fleet deployment
  • Funding for marketing, legal,

… Read more

Impact

A focus on equity

As a community-developed company led by Black and Brown founders, our work has focused on equity and inclusivity. Our pilots have quickly established themselves as a gold standard for inclusive bike infrastructure; for cyclists of all backgrounds, this has been completely transformative.

As a result of this strategy of inclusion and making our pods free, our users are demographically representative of the broader community including many who are working cyclists, low-income riders, and riders of color.

Founders

A different kind of mobility company

We are a proud Brooklyn-based, Black and Brown-led team of advocates, designers, and policy experts that is uniquely positioned to execute on this vision.

Our journey started when founder Shabazz Stuart had his third bicycle stolen in a five-year period. He realized that secure parking for bicycles was critical for establishing convenient and reliable mobility in cities. Despite this obvious need and the growing number of cyclists on the street, there were no solution available for smart, attractive, secure bike parking solutions.

Shabazz and co-founder J. Manuel Mansylla set out to create nimble streetscape infrastructure that not only provides secure parking for bikes and scooters, but also… Read more

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VIDEO: Eric Adams Speaks about Oonee!

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January 13, 2022 By "developer, Position"

It's Official: Oonee Awarded Jersey City Expansion Contract by City Council!

Oonee has been officially awarded a contract by Jersey City to build and operate the nation's first secure bike parking system in a major city. The approved contract includes the right to operate...

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Nature Valley's experiential marketing campaign at the Downtown Brooklyn Oonee was recently featured by our partner Pivot Media as the media plan of the year. The experiential marketing program...

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$0.00

0%

1150 Pacific Street , Brooklyn, NY

Deal Terms

Valuation cap ?

$11,000,000

Minimum investment ?

$150

Funding goal ?

$25K – $1.07M

Deadline ?

March 13, 2022

Type of security ?

Crowd SAFE

Invest