Status: Active
Sector: Mobility
Industry: E-Micromobility Solutions, Sustainable Transportation Technologies, Smart Transportation Systems, Energy Storage and Management, Urban Logistics Solutions
Summary: Alba initially started with converting bicycles to e-bikes with conversion kits. They have expanded their business into e-bike production and energy storage solutions.
Company Overview: Alba E-Bikes, founded in 2018 and based in Bursa, specializes in producing e-micromobility. Alba E-Bikes is a forward-thinking startup dedicated to revolutionizing urban mobility by designing and manufacturing high-quality, eco-friendly electric bicycles. The company was established to promote sustainable transportation solutions, aiming to make city commuting efficient, enjoyable, and environmentally responsible. Their mission is to transform urban transportation by offering innovative electric bicycles that combine cutting-edge technology, superior design and environmental awareness, thus making commuting easier, healthier and more sustainable for city dwellers.
Business Model: Alba E-Bikes is growing with both direct-to-consumer sales model and a network of bicycle shops throughout Turkey, supplemented by strategic retail partnerships to enhance accessibility and customer engagement. They leverage advanced online marketing strategies and robust customer service to drive sales. The revenue is primarily generated from the sale of electric bikes, with additional streams from conversion kit sales, accessories, maintenance services, and technology upgrades.They also has an energy branch mainly focusing on battery refurbishin and packaging.
Product & Services: Alba E-Bikes offers an extensive range of electric bicycles including city bikes, road bikes, and cargo bikes. They also provide conversion kits to transform traditional bikes into electric ones and micro-scale energy storage solutions.
Key People:
● Alkın Yurtkuran: Co-Founder
● Bora Urş: Co-Founder
● Arınç Yurtkuran: Co-Founder
● Başar Urş: Co-Founder
Investment & Growth Information: Alba E-Bikes closed its seed funding round with a total investment of $1.4 million, including contributions from Otokoç Automotive, as well as Finberg, 3dots, MG Private Fund, Re-Pie Startup-1, and Oyak. This funding is aimed at accelerating Alba’s development and scaling their production capabilities. The partnership also leverages Otokoç’s extensive network of nearly 400 service points across 9 countries to enhance distribution and customer service. Alba plans to use this capital to expand its product range, enter new markets, and innovate further in electric mobility solutions.