Bicycle Shops Seeking Loan in Lower Austria

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Bicycle Manufacturing Company Seeking Loan in Lower Austria, Austria

Company developing an air-pump product that is integrated directly into a bicycle.
- We have developed a product for the bicycle market in which a new seat post with an integrated air pump is installed in the bicycle without having to carry a separate pump. - The pump is located in the seat post, a saddlebag contains all the equipment needed to fill the bicycle tires with air. - Air can be pumped up to 115 PSI and the spiral hose can be used to reach both the front and rear tires. - The product can be attached to 80% of all bicycles. - We have received first orders for products via Amazon and our own website, which we have already delivered. We also have discussions with bike manufacturers and bike dealers in Holland and in the EU. - Our products are made in China, but currently our supplier cannot deliver due to the Corona virus situation. - We have not yet generated sales because we have not yet received our product batches. We are in talks with our manufacturer to get our products soon so we can start selling. - Patents granted for the EU, the USA and Canada. We want to expand our activities in the future to all these regions and worldwide. - Promoter has been in research, development and design for 20 years and has been connected to the bicycle industry worldwide for 15 years.
Company developing an air-pump product that is integrated directly into a bicycle.
8.1   Lower Austria
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
EUR 3.5 Mn at 10% interest
Contact Business

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