Ocycle

What Ocycle does

Ocycle is an Australian e-bike and e-scooter rental and sales company founded in 2023 and headquartered in Melbourne, operating company-owned retail showrooms in Melbourne (West Melbourne, VIC) and Sydney (Ultimo, NSW). The company designs, rents, and sells long-range electric cargo bikes and e-scooters purpose-built for the food delivery and urban commuting use cases, including the Orca flagship (up to 180km range, 12-hour battery) and the Jet, Neo, Eco, and Via model lines, supplemented by the E-scooter Air and E-scooter Pro. Hardware is differentiated by high-capacity batteries, anti-flat tires, waterproof IP-rated components, hydraulic disc brakes, and integrated GPS smart locks; the Orca is the first and only high-capacity (12-hour) cargo e-bike in Australia certified under UL 2271 and UL 2849, with full NSW Government recognition — a status that becomes a binding legal requirement in NSW from February 1, 2026.

The business model is a direct-to-consumer subscription rental with three pricing tiers — weekly ($39–$99), monthly, and rent-to-own ($99/week with ownership transfer after a lock-in period) — plus optional Basic ($9.95/week) and Premium ($14.95/week) insurance plans. All rentals bundle GPS, charger, phone holder, delivery bag, high-security lock, free maintenance, and roadside assistance, with a $200–$500 bond (visa-conditional) and a two-week minimum. The primary customer is the full-time food delivery rider working on platforms such as Uber Eats, DoorDash, and HungryPanda, with secondary segments in part-time delivery, student commuting, and last-mile e-scooter users. Distribution is fully self-serve through the Ocycle mobile app (iOS/Android) combined with the two physical showrooms; there are no third-party resellers. Revenue is not publicly disclosed, and the company has raised approximately $688,896 AUD across two funding rounds in December 2023 and August 2024.

Name

Ocycle

Legal name

Ocycle

Website

https://ocycle.com.au

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Ocycle is an Australian e-bike and e-scooter rental company, founded 2023 in Melbourne, that rents long-range, NSW-certified cargo e-bikes and scooters primarily to full-time food delivery riders via a self-serve app and two retail showrooms.

Ownership category

akta.pro rank

Product category

E-Bike and E-Scooter Rental Services

NAICS

Automotive Equipment Rental and Leasing (5321), Recreational Goods Rental (532284)

SIC

Motorcycles, Bicycles & Parts (3751), Services-Auto Rental & Leasing (No Drivers) (7510)

akta.pro primary industry

E-Bike Rentals (THADAGAE)

akta.pro secondary industries

Cargo Bikes & E-Cargo Bikes Rental/Leasing (TLABAGAB), Scooter & Moped Rentals (Motorized 2-Wheel) (THADAHAE)

Keywords

• E-bike subscription
• Delivery bike rental
• Electric cargo bikes
• Rent-to-own e-bikes
• Micromobility services

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. E-Bike Rental (Weekly/Monthly): Ocycle rents e-bikes and e-scooters to riders on a weekly or monthly basis. Weekly plans range from $39 to $99 per week depending on the model. Monthly plans offer lower rates for regular long-distance riders. All rentals include GPS, charger, phone holder, delivery bag, lock, free maintenance, and roadside assistance. A bond of $200–$500 is required based on visa type and situation. Minimum rental period is 2 weeks.
2. Rent-to-Own (RTO): Customers pay $99/week under a rent-to-own arrangement. Upon completing the agreed lock-in period, ownership of the bike transfers to the customer. This is targeted at long-term delivery riders who want to eventually own their bike without a large upfront cost.
3. Optional Insurance Plans: Add-on insurance plans offered on top of rental agreements. Basic Plan at $9.95/week covers theft, minor damage, and accidental falls with repair credits up to $2,600. Premium Plan at $14.95/week adds up to $600 repair credit and priority support.
4. Post-RTO Ongoing Services: After the rent-to-own contract ends and ownership transfers, customers can optionally continue GPS and insurance services on a subscription basis.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Ocycle rents and offers rent-to-own options on its own-brand Orca long-range cargo e-bikes and e-scooters primarily to food delivery riders and commuters in Melbourne and Sydney, Australia. All rentals are bundled with GPS tracking, anti-flat tires, waterproof components, delivery bag, lock, phone holder, charger, free maintenance, and roadside assistance. Optional insurance plans cover theft and damage, and the Ocycle mobile app handles registration, plan management, and remote bike locking.

Product overview

Ocycle is an e-bike and e-scooter rental and sales company operating in Melbourne and Sydney, Australia. The product portfolio centers on the Orca flagship long-range cargo e-bike for food delivery, supplemented by the Jet line (Jet Ultra, Jet Max, Jet Pro, Jet) for full-time delivery riders, and the Neo/Eco/Via line for part-time delivery and commuting. E-scooter offerings include the E-scooter Air and E-scooter Pro. All rentals include GPS tracking with remote locking, anti-flat tires, waterproofing, battery and charger, phone holder, delivery bag, high-security lock, free maintenance, and roadside assistance. Rental models include Weekly ($39-$99/week), Monthly, and Rent-to-Own ($99/week) plans. Optional insurance add-ons include Basic ($9.95/week) and Premium ($14.95/week) plans. The Ocycle mobile app (iOS/Android) enables registration, plan management, GPS tracking, and remote bike control.

Differentiator

Problem solved

Functional benefit

Brands

• Orca: High-capacity long-range cargo e-bike brand designed for food delivery riders, featuring up to 180km range and 12-hour battery life. Certified to UL 2271 and UL 2849 safety standards.

Products and services

• Orca Long-Range Cargo E-Bike
• Jet Ultra E-Bike Full-time delivery e-bike with high-capacity batteries, anti-flat tires, and high waterproof IP-rated components. Designed for riders working long hours covering more ground, with smooth hill performance and fast acceleration. Available to full-time delivery riders through Ocycle's weekly, monthly, and rent-to-own plans.
• Jet Max E-Bike Full-time delivery e-bike with high-capacity batteries, anti-flat tires, and high waterproof IP-rated components. Built for full-time delivery riders who work long hours and cover extended distances. Available through Ocycle's weekly, monthly, and rent-to-own rental plans.
• Jet Pro E-Bike Full-time delivery e-bike with high-capacity batteries, anti-flat tires, and high waterproof IP-rated components. Designed for professional delivery riders working long shifts. Available through Ocycle's weekly, monthly, and rent-to-own rental plans.
• Jet E-Bike Full-time delivery e-bike with high-capacity batteries, anti-flat tires, and high waterproof IP-rated components. Built for delivery platforms including Uber, DoorDash, and HungryPanda. Available through Ocycle's weekly, monthly, and rent-to-own rental plans.
• Neo E-Bike Part-time delivery and commuting e-bike with lower seat height and lightweight frame. Ideal for students, casual riders, or first-time users with 4-6 hours of battery life. Available through Ocycle's weekly, monthly, and rent-to-own rental plans.
• Eco E-Bike Part-time delivery and commuting e-bike with lower seat height and lightweight frame. Suitable for students, casual riders, or part-time work with 4-6 hours of battery life. Available through Ocycle's weekly, monthly, and rent-to-own rental plans.
• Via E-Bike Part-time delivery and commuting e-bike with lower seat height and lightweight frame. Designed for casual riders or first-time users with 4-6 hours of battery life. Available through Ocycle's weekly, monthly, and rent-to-own rental plans.
• E-Scooter Air Compact, foldable e-scooter with 60km range, dual motor, and portable design suitable for daily trips and last-mile use. Easy to store in apartments or shared homes. Available through Ocycle's weekly, monthly, and rent-to-own rental plans.
• E-Scooter Pro Compact, foldable e-scooter with 60km range, dual motor, and portable design suitable for daily trips and last-mile use. Available through Ocycle's weekly, monthly, and rent-to-own rental plans.
• Weekly Rental Plan Flexible weekly rental plans ranging from $39 to $99 per week depending on the bike or scooter model, with lower-capacity models (Neo, Eco, Via) starting at $39/week and higher-capacity full-time delivery models (Jet Ultra, Max, Jet Pro, Jet) up to $99/week. All rentals include GPS, charger, phone holder, delivery bag, high-security lock, free maintenance, and roadside assistance. Minimum 2-week rental commitment; bond of $200–$500 required based on visa type and situation.
• Monthly Rental Plan Lower-rate monthly rental plan for regular long-distance riders, with reduced per-week pricing compared to the weekly plan. Includes the same all-inclusive bundle (GPS, charger, phone holder, delivery bag, high-security lock, free maintenance, and roadside assistance). Exact pricing not publicly disclosed.
• Rent-to-Own (RTO) Plan Rent-to-own rental plan priced at $99/week with a bond of $200–$500, designed for riders who want to eventually own the bike. Ownership of the bike transfers to the customer after the agreed lock-in period. Includes maintenance, roadside help, and full support. After RTO ends, customers can optionally continue GPS and insurance services on a subscription basis.
• Basic Insurance Plan Optional add-on insurance plan priced at $9.95/week covering theft, minor damage, and accidental falls. Includes repair credits up to $2,600. Can be added or upgraded at any time during the rental period.
• Premium Insurance Plan Optional add-on insurance plan priced at $14.95/week that includes everything in the Basic Plan plus up to $600 in repair credit and priority support. Can be added or upgraded at any time during the rental period.

Quantifiable outcome

• Up to 180km range (12 hours of continuous riding) on a single charge
• +3 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Zoomo: Zoomo is an Australian-founded e-bike subscription provider that originally targeted food-delivery riders with weekly plans and has since expanded globally. It is the closest direct competitor to Ocycle in product, customer, and geography, and is the natural benchmark for share-of-supplier in Australia's gig-delivery micromobility market.
• Swapfiets: Swapfiets operates a monthly bike (and e-bike) subscription model across Europe, bundling maintenance and theft-replacement into a single recurring fee. It is directly comparable on subscription mechanics, bundled-service model, and asset-heavy fleet operations, though its customer base is more commuter than gig-delivery.
• Dance: Dance is a Berlin-based e-bike subscription company offering monthly all-inclusive plans with on-demand repair and theft insurance. It mirrors Ocycle's recurring-revenue, bundled-service approach in a European urban commuter context.

Broad incumbents

• Lime: Lime operates one of the largest dockless e-bike and e-scooter rental fleets globally, including Australia. While its model is short-term dockless rental rather than weekly subscription, it competes for the same urban delivery and commuter rider demand at a different price point.
• Bird: Bird is a global micromobility operator with e-bike and e-scooter rental fleets in multiple markets. It represents the incumbent shared-mobility alternative to Ocycle's subscription model for last-mile and short-trip use cases.
• TIER Mobility: TIER (now part of Bolt) is a European micromobility operator offering e-scooter and e-bike rentals across multiple cities. Comparable in product mix (e-scooters + e-bikes) and urban rider audience, with a similar regulatory-and-safety positioning in its markets.
• Hello-Bike: Hello-Bike is one of China's largest shared-mobility operators with extensive e-bike and bike fleets. It is comparable in operating model (high-volume urban e-bike rental) and target rider base, though it competes in a fundamentally different regulatory and pricing environment.

Regional players

• Zypp Electric: Zypp Electric is an India-based EV-as-a-service provider focused on last-mile delivery fleets, including e-bikes for gig workers. Comparable in target customer and asset-light delivery-leasing economics, though operating in a different geography.
• Beryl: Beryl operates bike-share and e-bike rental schemes in UK cities, with a focus on safety-certified, durable urban bikes. Comparable in micromobility product and urban rider base, though its model is short-trip rental rather than weekly subscription.
• Vélib' Métropole: Vélib' is the Paris-region public bike-share system, including e-bikes, operated as a public-private concession. Comparable as a large-scale urban e-bike rental operator, though structurally a public bike-share rather than a subscription product.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ocycle