Fleet Cycles

What Fleet Cycles does

The company operates a hardware sales model with two GTM motions: direct-to-consumer/website sales and enterprise field sales targeting government and large commercial fleet operators. Customer segments include government/military (US Air Force is the only named customer), facilities management, specialty cargo transport, and last-mile delivery — the latter framed around the claim that 70% of commercial vehicle trips are under 10 miles. Fleet Cycles is pre-commercial: the Commercial eCargo Trike is staged for pilot rollout across the United States in Spring 2026, pricing has not been disclosed, and the only disclosed funding event is a $100,000 grant from The Center for Technology Commercialization in June 2025. The firm employs 1-10 people, is headquartered in Dane, Wisconsin, and positions US-based manufacturing and military-grade engineering as its primary differentiators.

Name

Fleet Cycles

Legal name

Fleet Cycles

Website

https://fleet-cycles.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Fleet Cycles is a Midwest-based mobility and defense technology company that designs and manufactures military-grade electric cargo trikes (notably the MMOH developed with the US Air Force) for government, facilities management, specialty cargo, and last-mile delivery customers, with commercial pilots launching in Spring 2026.

Ownership category

akta.pro rank

Product category

Electric Cargo Trikes

NAICS

Transportation Equipment Manufacturing (336)

SIC

Industrial Trucks, Tractors, Trailors & Stackers (3537)

akta.pro primary industry

Military Tactical Wheeled Vehicles (Light/Medium/Heavy) (IMABAJAK)

akta.pro secondary industry

Class 1–3 Commercial Trucks (Light/Medium Duty) Manufacturing (IMACABAA)

Keywords

• Electric cargo trikes
• Military-grade mobility
• Last-mile delivery vehicles
• Commercial fleet vehicles
• Heavy-payload eCargo

Headquarters

HQ city

Dane

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Electric Cargo Trike Sales: Sale of electric cargo trikes to commercial, government, and military customers. The company manufactures and sells complete vehicles with customization options for different cargo configurations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Fleet Cycles designs, manufactures, and sells electric cargo trikes for commercial and military customers. Its flagship offering, the MMOH (Multi-Modal Operations Hub), is the first military-grade electric cargo trike developed for the US Air Force with 800 lb payload, 45-70 mile range, and dual 750w hub motors. A commercial eCargo Trike variant for facilities management, specialty cargo transport, and last-mile delivery is launching in Spring 2026.

Product overview

Fleet Cycles is a Midwest-based mobility and defense tech company offering electric transportation solutions through two product lines: the military-grade MMOH (Multi-Modal Operations Hub) developed in partnership with the US Air Force, and a commercial eCargo trike launching in Spring 2026. Both products share core technology including dual 750w hub motors, 800 lb payload capacity, and universal chassis design with customizable cargo configurations for different commercial applications.

Differentiator

Problem solved

Functional benefit

Products and services

• MMOH (Multi-Modal Operations Hub) The first military-grade electric cargo trike, designed and manufactured for the US Air Force for base and forward operations. Features an 800 lb payload, 45-70 mile range, proprietary dual 48v 750w hub motors with throttle and reverse, commercial-grade hydraulic disc brakes with regenerative braking, independent double wishbone front suspension with sway bars, CVT with Gates belt drive, and a step-through frame for a wide range of rider heights.
• Commercial eCargo Trike Commercial electric cargo trike designed for facilities management, specialty cargo transport, and last-mile delivery. Features industry-leading 800 lb payload, dual 750w hub motors with throttle and reverse, 60+ mile range, universal chassis with customizable cargo bed configurations, and zero emissions operation. Operates on street, path, and sidewalk with Class 2 eBike compliance (no driver's license required).

Quantifiable outcome

• 70% of commercial vehicle trips are under 10 miles - positioning Fleet Cycles as optimal solution for this segment
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• US Air ForcecoreStrategic or Co-development Partner · 1 January 2023In 2023, Fleet Cycles was selected by the US Air Force to design and manufacture an electric cargo bike for base and forward operations. This partnership led to the development of the MMOH (Multi-Modal Operations Hub), the first military-grade electric cargo trike. The trike was engineered to be durable, haul heavy loads, and perform under extreme conditions - representing a core strategic relationship that established Fleet Cycles' military-grade credentials and product validation.

Scale indicators2 records

Recent moves4 records

Expansion highlights5 records

Broad incumbents

• Polaris Government and Defense: Polaris supplies military and tactical off-road vehicles (MRZR, DAGOR, Ranger) used for base and forward operations. Comparable as a military-grade small/light tactical mobility supplier and as an incumbent in the same USAF/DoD customer set Fleet Cycles addresses with the MMOH.
• Workhorse Group: Workhorse designs and builds medium-duty electric delivery vehicles and aerial drone systems targeting last-mile commercial fleets. Comparable on the electric last-mile delivery narrative and government/customer overlap, though at heavier vehicle classes than Fleet Cycles' trikes.
• Specialized: Specialized is a major global bicycle brand that has entered the e-cargo category with the Haul ST and Globe Haul ST. Competes in adjacent product lines but as part of a much broader portfolio spanning consumer and performance cycling.
• Trek Bicycle Corporation: Trek is one of the world's largest bicycle manufacturers with the Fetch+ electric cargo bike line and broad dealer infrastructure. Competes in the cargo category but as one segment within a large, diversified consumer cycling portfolio.

Direct peers

• Urban Arrow: Urban Arrow is a leading European manufacturer of premium front-loading electric cargo trikes (Family, Tender, Cargo). Closest functional analog to Fleet Cycles' three-wheel e-cargo platform and competes head-to-head for commercial/family fleet applications.
• Tern Bicycles: Tern manufactures compact electric cargo bikes (GSD, HSD, Quick Haul) targeting urban families and commercial fleets. Competes with Fleet Cycles in the high-payload compact e-cargo segment with strong dealer network presence.
• Rad Power Bikes: Rad Power Bikes is the largest direct-to-consumer e-bike brand in North America, with a RadBurro and RadWagon cargo/utility lineup. Directly competes with Fleet Cycles in the heavy-payload electric cargo bike category for commercial and consumer buyers.
• Yuba Bicycles: Yuba specializes in long-tail and front-loader electric cargo bikes (Mundo, Spicy Curry, Boda Boda) with a focus on family and commercial hauling. Directly comparable to Fleet Cycles on payload-driven cargo bike positioning.
• Riese & Müller: Riese & Müller produces premium full-suspension electric cargo bikes (Load, Packster) with high-end specs and pricing. Comparable on technology depth and high-payload positioning for commercial fleet buyers willing to pay premium.

Emerging players

• AYRO: AYRO produces low-speed electric vehicles for last-mile delivery, campus, and microdistribution use cases. Comparable on small-format electric commercial vehicles for short-trip fleets, though AYRO targets four-wheel configurations versus Fleet Cycles' trike.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

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 Fleet Cycles