Evolution Cycles
- Company typePrivate
- Founded-
- HeadquartersRichmond Hill, Canada
- Headcount11–50
- GTM typeB2C
- OfferingServices
Evolution Cycles firmographics
Firmographics- Name
- Evolution Cycles
- Legal name
- Evolution Cycles
- Website
- https://evocycles.ca
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Evolution Cycles industry classification
Industry- Product category
- Bicycle Retail
- akta.pro primary industry
- Bicycle Retail (New Bikes) (CRAMAHAA)
- akta.pro secondary industries
- E-Bike Retail (CRAMAHAE), Bike Service, Repair & Maintenance Shops (CRAMAHAH), Bike Parts & Components Retail (CRAMAHAB), Bike Apparel, Helmets & Protective Gear Retail (CRAMAHAC)
Keywords
Where Evolution Cycles is headquartered
LocationHeadquarters
- HQ city
- Richmond Hill
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Evolution Cycles business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Bicycle and Accessory Sales: Retail sales of bicycles across multiple categories including road, mountain, electric, hybrid, children's, and cruiser bikes, along with parts, accessories, clothing, helmets, shoes, and car racks.
- Bicycle Repair Services: Tiered repair service packages including Silver Tune ($89.99), Gold Tune ($189.99), and Platinum Tune ($349.99) with varying levels of maintenance and cleaning.
- Bicycle Fitting Services: Professional bike fitting services offered at $100 for extended sessions, with complimentary basic fitting for new bike purchases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Professional Bike Fit |
| Freemium | Pay-as-you-go | Complimentary Bike Fit |
| Unit Pricing | Pay-as-you-go | Silver Tune |
| Unit Pricing | Pay-as-you-go | Gold Tune |
| Unit Pricing | Pay-as-you-go | Platinum Tune |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Evolution Cycles product offering
Product offeringCore offering
Evolution Cycles is a single-location specialty bicycle retailer in Richmond Hill, Ontario that sells new bicycles across all major categories (Road, Mountain, Electric, Cyclocross, Commuter/Urban, Comfort, Cruiser, Fitness, Hybrid, Children's, BMX, Gravel) from authorized brands including Trek, Santa Cruz, Electra, Cervelo, Pivot Cycles, Amflow, and Salsa. The store complements retail sales with parts, accessories, apparel, helmets, shoes, and car racks, and provides professional in-house services including tiered bicycle repair (Silver, Gold, Platinum Tune packages), bike fitting, financing, and a Kids' Bike Trade-Up program.
Product overview
Evolution Cycles is a bicycle retail store offering a comprehensive portfolio of cycling products and services. The core offering includes full-range bicycles across Road, Mountain, Electric, and other categories, supplemented by extensive parts, accessories, clothing, and cycling gear. The store features bikes from major brands including Trek, Santa Cruz, Electra, Cervelo, Pivot Cycles, Amflow, and Salsa. Electric bikes represent a significant category featuring advanced motor systems from TQ, Bosch, Hyena, and Avinox. Complementary services include professional bicycle repair (Silver, Gold, and Platinum tune tiers), bicycle fitting, financing options, and a Kids' Bike Trade-Up program. The store operates as a single-location specialty retailer in Richmond Hill, Ontario.
Differentiator
Problem solved
Functional benefit
Products and services
- Bicycles Full-range new bicycles across Road, Mountain, Electric, Cyclocross, Commuter/Urban, Comfort, Cruiser, Fitness, Hybrid, Children's, BMX, and Gravel categories. Sold as authorized dealer for Trek, Santa Cruz, Electra, Cervelo, Pivot Cycles, Amflow, and Salsa.
- Electric Bikes Electric-assist bicycles spanning Road, Mountain, City & Recreation, and Cruiser categories, featuring motor systems from TQ, Bosch, Hyena, Shimano, and Avinox. Brands include Trek, Santa Cruz, Electra, Pivot Cycles, and Amflow.
- Parts & Components Replacement bicycle parts and components including bottom brackets, brakes, cables, cassettes, chains, chainrings, cranksets, derailleurs, forks, headsets, pedals, saddles, seatposts, shifters, shocks, and stems.
- Wheels Complete wheels, wheel parts, hubs, rims, and spokes for replacement and upgrade.
- Tires & Tubes Tires and tubes in various sizes and types for all cycling disciplines.
- Accessories Cycling accessories including child seats, electronics, eyewear, fenders, hydration, lighting, locks, nutrition, packs/racks/baskets, pumps, safety gear, storage, tools, trailers/strollers, indoor cycling, and travel cases.
- Cycling Clothing & Apparel Cycling apparel including gloves, jerseys, outerwear, protective/armor, shorts, skinsuits, socks, triathlon gear, undergarments, and casual shirts/bottoms.
- Helmets Adult and children's cycling helmets in various styles with applicable safety certifications.
- Cycling Shoes Cycling-specific footwear including casual shoes and dedicated cycling shoes, plus parts and accessories.
- Car Racks Vehicle-mounted bicycle carriers in hitch-mount, pickup/RV/spare-tire mount, roof-mount, and trunk-mount configurations, plus parts and accessories.
- Bicycle Repair Services Tiered in-house bicycle repair packages: Silver Tune ($89.99) for safety check and basic adjustments; Gold Tune ($189.99) for wheel truing, full cleaning, and drivetrain degreasing; Platinum Tune ($349.99) for full disassembly, ultrasonic cleaning, Jagwire LEX cable installation, and firmware upgrades.
- Bicycle Fitting Services Professional bike fitting to optimize riding posture, handlebar and saddle position. Professional Bike Fit ($100, ~1 hour) and complimentary basic fitting (~30 minutes) included with new bike purchases.
- Financing Third-party financing options available for bike purchases to spread payment over time.
- Kids' Bike Trade-Up Program Trade-up program allowing parents to exchange their child's outgrown bicycle for a larger size as the child grows.
Companies that use Evolution Cycles
Customer profileSegments1 record
Ideal customer profiles1 record
Evolution Cycles technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Evolution Cycles partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- TrekcoreEvolution Cycles is an authorized Trek dealer offering Trek brand bicycles including road, mountain, hybrid, and electric bikes.
- Santa CruzcoreAuthorized Santa Cruz dealer offering Santa Cruz mountain bikes and electric mountain bikes.
- ElectracoreAuthorized Electra dealer offering Electra cruisers and electric cruiser bikes.
- CervelocoreAuthorized Cervelo dealer offering high-performance road and gravel bicycles.
- Pivot CyclescoreAuthorized Pivot Cycles dealer offering premium mountain bikes and electric mountain bikes.
- Amflow BikescoreAuthorized Amflow Bikes dealer offering electric mountain bikes including the PL Carbon model.
- SalsacoreAuthorized Salsa dealer offering adventure and gravel bicycles.
- B1 Gruppo (B1 Cycling Club)minorCommunity cycling club partnership. Evolution Cycles sponsors and partners with B1 Gruppo cycling club, providing ride events and cycling community engagement.
- King Race SeriesminorEvolution Cycles is a sponsor of the King Race Series cycling event, supporting competitive cycling in the region.
Scale indicators1 record
Recent moves3 records
Evolution Cycles competitors and assessment
Company assessmentBroad incumbents
- REI Co-op: US outdoor co-op with dedicated bike stores offering bikes, components, apparel, and in-store service. Comparable on full-service cycling retail (sales plus service) but operates at chain scale across a broader outdoor category and geography.
- Mountain Equipment Company (MEC): Canadian outdoor and cycling co-op retailer offering bicycles, parts, apparel, and accessories across physical stores and e-commerce. Overlaps with Evolution Cycles across cycling-product breadth and accessories/apparel, but as a multi-category outdoor mass retailer rather than a cycling specialist.
- Sport Chek: Canada's largest sporting-goods chain retailing bikes, parts, accessories, and apparel across physical and digital channels. Competitor on bike sales and accessories but spans a much wider product portfolio and is not a cycling specialist.
Direct peers
- Sweet Pete's Bike Shop: Toronto independent bike shop known for premium brand representation, in-house service, and community event involvement. Comparable on single-store specialty retail, brand breadth, and service-driven customer engagement.
- Jenson USA: Specialty bicycle retailer combining e-commerce and showroom operations with deep premium-brand assortment and service offerings. Directly comparable on multi-brand premium cycling specialty, hybrid online/physical retail, and service-tiered revenue mix.
- Curbside Cycle: Toronto specialty bike retailer combining new bike sales, repair services, and apparel. Directly comparable on hybrid retail-plus-service model and a single-location independent specialty operator within the Toronto market.
- Competitive Cyclist: North American premium cycling retailer specializing in high-end road, mountain, and gravel bikes, apparel, and components. Directly comparable on premium-brand positioning and enthusiast customer targeting, though primarily direct-to-consumer online.
- Cyclepath: Long-established Toronto/GTA specialty bicycle retailer carrying premium road, mountain, and commuter brands. Directly comparable on multi-brand premium positioning, in-store service offerings, and single-locale specialty retail model.
Others
- Trek Bicycle Corporation: Bicycle OEM and retail operator (Trek owned stores plus authorized dealers). Comparative on product and category dynamics as Evolution Cycles' largest brand partner and as the dominant force shaping the Canadian specialty-retail channel structure.
Regional players
- Chain Reaction Cycles: Global online bicycle and parts retailer headquartered outside Canada, offering bikes, components, apparel, and accessories across most cycling categories. Comparable on multi-category cycling product breadth but operates as a pure-play international e-commerce business rather than a local specialty shop.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Evolution Cycles social profiles
Digital presenceEvolution Cycles financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evolution Cycles leadership team
Management profileNumber of profiles
Evolution Cycles funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evolution Cycles M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Evolution Cycles
What does Evolution Cycles do?
Evolution Cycles is a single-location specialty bicycle retailer in Richmond Hill, Ontario that sells new bicycles across all major categories (Road, Mountain, Electric, Cyclocross, Commuter/Urban, Comfort, Cruiser, Fitness, Hybrid, Children's, BMX, Gravel) from authorized brands including Trek, Santa Cruz, Electra, Cervelo, Pivot Cycles, Amflow, and Salsa. The store complements retail sales with parts, accessories, apparel, helmets, shoes, and car racks, and provides professional in-house services including tiered bicycle repair (Silver, Gold, Platinum Tune packages), bike fitting, financing, and a Kids' Bike Trade-Up program.
Is Evolution Cycles a public or private company?
Evolution Cycles is a private company. It is classified as unknown and is currently operating.
When was Evolution Cycles founded?
Evolution Cycles was founded in -1. It employs 11 to 50 people.
Where is Evolution Cycles based?
Evolution Cycles is headquartered in Richmond Hill, Canada, in the North America region.
How does Evolution Cycles make money?
Three revenue lines are on record. Bicycle and Accessory Sales are the primary driver. The others are bicycle Repair Services and bicycle Fitting Services.
Who are Evolution Cycles's main competitors?
Broad incumbents on record are REI Co-op, Mountain Equipment Company (MEC) and Sport Chek. Direct peers are Sweet Pete's Bike Shop, Jenson USA, Curbside Cycle, Competitive Cyclist and Cyclepath. Trek Bicycle Corporation is listed as an others. Chain Reaction Cycles is listed as a regional player.
Does Evolution Cycles have an API?
No public API is recorded for Evolution Cycles.
What industry is Evolution Cycles in?
Evolution Cycles's product category is Bicycle Retail. Its primary akta.pro industry code is CRAMAHAA, Bicycle Retail (New Bikes), with a secondary code of CRAMAHAE, E-Bike Retail.