B.C. Bike

Company Overview

Snapshot

Founded in August 2014 by Ziv Brosh, B.C. Bike had over 600 employees and raised $2.53M across four funding rounds from four investors. The company ceased operations in December 2023.

Business overview

B.C. Bike develops OYO, a chain-free bicycle that operates using hydraulic power. This innovative system, based on traditional bicycle structures, converts pedaling action into hydraulic pressure to propel the rear wheel. The OYO hydraulic system is managed by proprietary technology designed to provide a seamless riding experience that adapts to the rider and terrain. The company operates within the Automotive & Mobility Technologies sector, focusing on urban mobility and serving consumers in the transportation and mobility market, specifically bike and scooter riders, across North America and Europe.

Strategic signal

B.C. Bike ceased operations in December 2023, following reports of the startup collapsing after raising millions through crowdfunding for its chain-free bicycle development. This event signals a significant challenge in bringing innovative mobility solutions to market, particularly those reliant on substantial upfront capital and successful product commercialization, despite initial investor interest.

Company Intelligence Q&A

What is B.C. Bike's primary product?

B.C. Bike's primary product is OYO, a chain-free bicycle that utilizes hydraulic power for propulsion. The system is designed to adapt automatically to the rider and terrain.

When was B.C. Bike founded?

B.C. Bike was founded in August 2014 by Ziv Brosh.

What was the total capital raised by B.C. Bike?

B.C. Bike raised a total of $2.53M across four funding rounds.

What was the status of B.C. Bike as of December 2023?

As of December 2023, B.C. Bike ceased to operate.