Donkey Republic is ready to expand in Germany
Announcement no. 20
Donkey Republic has signed an agreement for deploying 700 pedal bikes and 80 e-bikes in the region of Kiel, Germany with a contract volume of EUR 4m for the coming 5 years. (Contracting Authority: Kiel Region)
Donkey Republic has signed a subsidized MaaS model-contract with KielRegion and both parties have been working together on the roll-out plan. The start of the operation will be in January 2023, with a duration of 5 years.
Once the operation is up and running a total contract value of approximately 4m EUR is expected throughout the lifetime of the contract, which is in line with Donkey Republic´s business plan for 2024. Donkey Republic will be responsible for providing the bikes and ensuring a smooth operation of the bike share. The area of operation includes the city of Kiel and the neighboring municipalities Eckernförde, Rendsburg, Preetz and Plön. These municipalities cooperate under the name KielRegion and the bikes will be operated under the name of their local bike share: SprottenFlotte.
Donkey Republic bikes will be integrated into the region's local transit scheme, helping to fully integrate Donkey rides with the rest of the public transport. This shows again how Donkey Republic bike share is treated as a part of public transit.
Donkey Republic will be deploying its 700 pedal bikes presenting a Green color and 80 E-bikes in blue. 12 Cargo bikes, as well as 5 E-Cargo bikes integrated into the Donkey Republic system are also part of the KielRegions fleet. Donkey Republic 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 minimize repairs and replacement of parts. They also feature the typical Donkey Republic design which has been nominated for the Danish Design Award 2021.
Highlights
● Subsidized MaaS model contract with 700 pedal bikes, 80 e-bikes and 17 cargo bikes
● Potential to further expand to neighboring municipalities
● Launch in January 2023 and then running for 5 years
● Total contract value over the lifetime is approximately EUR 4m
About KielRegion
The KielRegion combines the strength of the state capital Kiel and the neighboring districts of Plön and Rendsburg-Eckernförde. It uses the potential and resources of the entire region. This makes it an interesting location for everyone who is looking for space for their ideas. Their topics are life, mobility, business and science. KielRegion supports and connects people from politics, business, science and the public sector to work together on the future of the region. Almost 645,000 people live in the KielRegion, which is around 23 percent of the inhabitants of Schleswig-Holstein.
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 is to running 15k bikes and ebikes across 60+ cities and 14 countries, and expecting to grow its fleet to above 20k in the next 6 months. Based on its proprietary software, Donkey Republic offers cities and local partners a fully integrated turn-key solution, including software critical to all stakeholders, bikes, operations, and support services. The company provides affordable and sustainable mobility for the masses by partnering with cities to turn bikes into the hero of urban transportation and has a vision of making city life better for everyone with affordable and responsible bike-sharing
CONTACT INFORMATION ☎
DonkeyRepublic Holding A/S
Skelbækgade 4, trappe B, 4. sal.
1717 København V
www.donkey.bike
Mail: investor@donkeyrepublic.com
Subscribe to company announcement at https://invest.donkey.bike/donkey-republic-company-news/
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