Cycles
Cycles is a Nigeria-based, private smart mobility company founded in 2018 in Yaba, focused on bicycle sharing, IoT-enabled transportation, and smart city applications. It operates with a 1-10 person team.
- Company typePrivate
- Founded2018
- HeadquartersYaba, Nigeria
- Headcount1–10
- GTM typeB2C
- OfferingServices
Cycles firmographics
Firmographics- Name
- Cycles
- Website
- https://cycles.com.ng
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Cycles is a Nigeria-based, private smart mobility company founded in 2018 in Yaba, focused on bicycle sharing, IoT-enabled transportation, and smart city applications. It operates with a 1-10 person team.
- Ownership category
- akta.pro rank
Cycles industry classification
Industry- Product category
- Bicycle Sharing / Smart Mobility Services
- NAICS
- Recreational Goods Rental (532284)
- SIC
- Transportation Services (4700)
- akta.pro primary industry
- Station-Based Bike Rentals (Bikeshare) (THADAGAD)
- akta.pro secondary industries
- Bikeshare (Station-Based/Docked) (TLAFAMAE), Bike Rental, Demo & Tour Operators (Retail-Adjacent) (CRAMAHAJ)
Keywords
Where Cycles is headquartered
LocationHeadquarters
- HQ city
- Yaba
- HQ country
- Nigeria
- HQ region
- Africa
Markets served
Cycles business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure
Cycles product offering
Product offeringCore offering
Cycles provides a bicycle sharing service built around IoT-enabled smart bicycles for short urban trips. Riders locate, unlock, and pay for bicycles through the company's online platform, supporting last-mile transportation, fitness, and smart-city use cases. The service is currently oriented at the Nigerian urban market (Yaba, Lagos).
Differentiator
Problem solved
Functional benefit
Products and services
- Cycles Bicycle Sharing Service IoT-enabled bicycle sharing service that allows individual urban riders to locate, unlock, ride, and return shared bicycles for short-distance trips, with access and trip management handled through the Cycles website. It targets daily commuters and last-mile riders in Nigerian cities, with secondary positioning for smart-city and sustainable-mobility programs.
Companies that use Cycles
Customer profileIdeal customer profiles2 records
Cycles technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cycles competitors and assessment
Company assessmentDirect peers
- Dott: Dott runs shared e-bike and e-scooter fleets across European cities, sharing Cycles' core business model of bicycle/micromobility rentals underpinned by IoT hardware.
- Voi Technology: Voi is a European micromobility operator offering shared e-scooters and e-bikes, with a comparable operational model of station-based/dockless vehicle sharing for urban commuters.
- Bird: Bird runs a global micromobility platform offering shared bikes and scooters through mobile apps, directly comparable to Cycles' bicycle-sharing and IoT-enabled smart-mobility concept.
- Lime: Lime operates station-based and dockless bike- and scooter-sharing globally, making it the most direct functional comparable to Cycles' bike-sharing model, albeit at vastly greater scale and capitalization.
- Tier Mobility: Tier operates shared e-scooters and e-bikes across European cities with a strong IoT and sustainability narrative, mirroring Cycles' positioning around smart-mobility and city partnerships.
Emerging players
- Bounce: Bounce is an Indian dockless bike and scooter rental platform with comparable tech-enabled bike-sharing operations, illustrating a similar emerging-market playbook to Cycles in Nigeria.
Broad incumbents
- Uber: Uber's mobility platform includes Uber Bike and JUMP-style integrations in multiple cities, making it a broad incumbent competing in the same urban-micromobility category Cycles targets.
- Lyft: Lyft operates bikes and scooters alongside its core ride-hailing service, positioning it as a broad incumbent in shared urban mobility with overlapping customer demand.
Regional players
- Gokada: Gokada is a Nigeria-based motorcycle ride-hailing and delivery platform, comparable as a regional mobility-tech peer competing for similar urban-transit demand and government/corporate mobility partnerships.
- MAX (Metro Africa Xpress): MAX is a Nigerian mobility startup operating ride-hailing and delivery on two- and three-wheelers, representing the closest regional comparable in Nigerian urban mobility and a likely competitor for similar smart-city partnerships.
Market position
Customer concentration
Cycles social profiles
Digital presenceCycles financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cycles leadership team
Management profileNumber of profiles
Profiles2 records
Cycles funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
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 Cycles
What does Cycles do?
Cycles provides a bicycle sharing service built around IoT-enabled smart bicycles for short urban trips. Riders locate, unlock, and pay for bicycles through the company's online platform, supporting last-mile transportation, fitness, and smart-city use cases. The service is currently oriented at the Nigerian urban market (Yaba, Lagos).
When was Cycles founded?
Cycles was founded in 2018. It employs 1 to 10 people.
Where is Cycles based?
Cycles is headquartered in Yaba, Nigeria, in the Africa region.
Who are Cycles's main competitors?
Direct peers on record are Dott, Voi Technology, Bird, Lime and Tier Mobility. Bounce is listed as an emerging player. Broad incumbents are Uber and Lyft. Regional players are Gokada and MAX (Metro Africa Xpress).
Does Cycles have an API?
No public API is recorded for Cycles.
What industry is Cycles in?
Cycles's product category is Bicycle Sharing / Smart Mobility Services. Its primary akta.pro industry code is THADAGAD, Station-Based Bike Rentals (Bikeshare), with a secondary code of TLAFAMAE, Bikeshare (Station-Based/Docked). Its NAICS code is 532284 and its SIC code is 4700.