Company Performance Metrics
A national transportation strike in Argentina inspired us to combine software and hardware to solve issues within urban areas.
OUR MILESTONES:
-Incorporated in Delaware in 2014.
-Opened offices in China, New York, and Argentina.
-Validated our first product with pre-sales of ~1 million dollars.
-Patented the product and registered
trademarks for our logo and brand names.
-Launched the Gi Fly mobile app for both iOS and Android platforms.
-Attained all product compliance and safety certifications.
-Finalized the set-up of our mass production and assembly line.
-Defined our global logistics network.
THE PROBLEM:
Americans spent 8 billion hours in traffic in 2015. Governments are investing in bike infrastructure and cars are being banned from city-centers. Since the inception of the bicycle 200 years ago, there has been no drastic leap in bicycle design.
OUR SOLUTION:
Gi Fly is an electric, smart, maintenance-free, folding bicycle with full size wheels. It is the fastest folding bicycle ever. All of the bike's features are controlled through the Gi Fly mobile app.
THE MARKET:
In 2014, the projected revenue of e-bikes sales for 2016 was $10 billion. The actual revenue was $16 billion. E-bikes with lithium-ion batteries, like Gi Fly, will see a 157% increase in volume and a 100% increase in revenue in the next 10 years. The overall e-bike market will see a 12.5% increase in volume in the next 10 years (Source: Navigant Research).
OPPORTUNITY:
We operate within two multi-billion dollar markets - bicycle/bike accessory market and the bike sharing market.
AWARDS:
-Argentina/Uruguay Top Innovator Under 35 2016
-AT&T Challenge Finalist 2016
-Hello Tomorrow Finalist 2016
-VentureBeat Top Start-Up North America 2016
-UPS Export Challenge Winner 2016
-British Department of International Trade Finalist 2016
-MIT Technology Review's Innovator Under 35 Uruguay + Argentina 2016
-Microsoft + United Airlines Award for Innovation 2017
