Donkey Republic Expansion in Finland is now Becoming a Reality

Donkey Republic has agreed on the roll-out plan for deploying 770 Donkey pedal bikes in Turku, Finland. (Contracting Authority: Municipality of Turku)

As previously mentioned, Donkey Republic has signed a SaaS model-contract with Turku to commence operations in the Summer of 2022. Donkey Republic and the Municipality of Turku have been working together over the past months on signing the contract and agreeing on the roll-out plan. The start of operation will be in June 2022, with a duration of 4 years,  plus an additional four (2+2). 

Once the operation is up and running a total annual revenue of approximately 1M EUR p.a. is expected throughout the lifetime of the contract in line with Donkey Republic´s business plan. Donkey Republic will be responsible for providing the bikes and ensuring a smooth operation of the bike share. In addition to this agreement for the city of Turku, neighboring municipalities also have the possibility to join the bike sharing scheme, giving a good expansion outlook.

Donkey bikes will be integrated into Turku's local transit scheme, helping fully integrate Donkey rides with the rest of the public transport. This shows again how Donkey bike share is treated as a part of public transit.

Pedal bike from Donkey Republic is going to Turku

Donkey Republic will be deploying its Gen3 pedal bikes version 2 in Turku. Donkey carefully selects high quality components and ensures that the design is not only modern, but also practical and safe. The bikes are built to withstand heavy rental usage in all weather conditions, and have been designed to make them durable to minimise repairs and replacement of parts. They also feature the typical Donkey Republic design which has been nominated for the Danish Design Award 2021. 

Highlights

●        SaaS model contract with 770 Gen3 pedal bikes version 2

●        Potential to further expand to neighboring municipalities

●        Contracting Authority: Municipality of Turku

●        Launch: Early Summer 2022

●        Duration: 4+2+2 year contract

CONTACT INFORMATION ☎
DonkeyRepublic Holding A/S
Erdem Ovacik, CEO
+45 26 37 29 96

Skelbækgade 4, trappe B, 4. sal.
1717 København V
www.donkey.bike
Mail: investor@donkeyrepublic.com 
Investor website: www.invest.donkey.bike  

Financial and Certified Adviser:
Clearwater International
Andreas Lauth Lauridsen
Dampfærgevej 8, 1. floor
DK-2100 Copenhagen
certified.adviser@cwicf.com
www.clearwaterinternational.com/dk

ABOUT TURKU

City of Turku is located in Southwest Finland and was founded in 1229. Turku was also the capital city of Finland between the years 1809-1812. Population is about 200 000 inhabitants and 20% of its inhabitants are students. City of Turku is centric city and private cars are still the most used vehicle. Turku however has good public traffic and the city supports sustainable mobility solutions. In 2016, 38% of traffic was sustainable mobility. Turku aims to be carbon neutral by 2029 and climate positive from then onwards. The goal and its accompanying plan are bold and exemplary. The thrust is to inspire, encourage and support climate actions from all areas of the society- individuals, companies, city units, groups, businesses, civil society etc.

ABOUT DONKEY REPUBLIC
Donkey Republic is one of Europe's leading providers of end-to-end bike-sharing solutions providing both pedal- and e-bikes. The company aims to provide affordable and sustainable urban mobility for the masses, by partnering with cities to turn the humble bike into the hero of urban transport. The company is expanding across Europe and as of 31.12.2021, it operates 13k bikes and ebikes in 24 cities as a Mobilityas-a-Service (“MaaS”) provider. Furthermore it licenses its platform as Software-as-a-Service (“SaaS”) to partners operating 3,200 bikes across +60 cities. Based on its proprietary software at the core, Donkey Republic offers cities and local partners a fully integrated turn-key solution, including software critical to all stakeholders, bikes, operations, and support services. Donkey Republic believes that bike-sharing can be a key enabler to the green transition of our economies and to make cities more liveable.