Donkey Republic

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Donkey Republic
DonkeyRepublic Holding A/S
IndustryUrban transport
Founded2014; 10 years ago (2014)
FounderErdem Ovacik
HeadquartersSkelbækgade 4,
Copenhagen
,
Denmark
Area served
Europe
Key people
Niels Henrik Rasmussen (Director), Christian Dufft (Director)
ProductsBicycle-sharing systems
ServicesMobile app, website
Websitewww.donkey.bike

Donkey Republic is a Danish company that operates public bike-sharing systems. The company was founded in Copenhagen, Denmark, in 2014.[1] As of June 2024, it operates in cities of 8 countries including Denmark, the Netherlands, Belgium, Spain, Switzerland, Germany, Finland and Sweden.[2] The company is listed on Nasdaq Nordic since 2021.[3] Donkey Republic primarily serves urban areas, integrating with city public transportation systems to improve mobility and decrease traffic congestion.[4]

Countries served by Donkey Republic as of June 2024[2]

Corporate affairs

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The key trends for Donkey Republic are (as at the financial year ending December 31):[5]

2018 2019 2020 2021 2022 2023
Revenue (€m) 2.7 4.5 2.9 5.0 9.1 15.4
EBITDA (€m) – −1.2 −1.5 −1.5 −3.6 1.3
Number of employees (average) 60 58 113 137
Number of users[a] (k) 152 252 138 217 360 561
Number of trips (m) 1.8 3.3 2.3 3.3 4.5 6.7
Number of active bikes (k) 5.7 10.5 12.9 13 13.3 19.9
Notes/sources [6] [6] [6] [7] [6] [8]

Usage

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In the app the pickup-up stations are displayed. The lock of the bike can be unlocked and locked by a Bluetooth connection with the smartphone. It is possible to pause the ride. The rental can be ended by bringing the bike to a drop-off location and confirming it on the smartphone.[9] The service can be used without leaving deposits or showing ID.[1]

Donkey Republic offers pay-per-use and local memberships for a fixed monthly price.[10]

History

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In 2017, the bike sharing service provider Obike, Ofo and Donkey Republic started in Vienna. Ofo and Obike left in 2018. Donkey Republic left Vienna in March 2020 due to lack of profitability, removing its 500 bikes.[11][12]

In May 2018, Donkey Republic started in Paris stating "it can resist the risks of theft and damage to bicycles"[13] after the bike sharing company Gobee withdrew from the French market because of vandalism.[14]

In June 2019, the company provided e-bikes for the first time in Berlin.[15] In October of the same year the e-bike fleet was increased from 100 by another 200 ones.[16]

In July 2021, Donkey Republic announced a partnership with Google Maps.[17]

In 2022, the company started with 1,650 electric bicycles in 32 Antwerp and East Flanders municipalities.[18]

In June 2023, the company launched Finland's first shared-use e-cargo bikes in Turku. The cargo bikes operate independently from the fölläri city bike system. The service is part of the Scale Up project that is funded by the European Commission.[19]

In May 2024, Donkey Republic terminated its service in Budapest without prior notice.[20]

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  • Bicycle in Budapest
    Bicycle in Budapest
  • Smartphone holder
    Smartphone holder
  • Bicycle rack
    Bicycle rack
  • Bicycle handlebar
    Bicycle handlebar
  • Bicycles in Copenhagen
    Bicycles in Copenhagen

Notes

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  1. ^ with a minimum of one rental

See also

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References

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  1. ^ a b "EIT Climate-KIC Danish start-up Donkey Republic rethinks the concept of bike sharing | EIT". eit.europa.eu. Retrieved 2024-06-17.
  2. ^ a b "Cities". Donkey Republic. Retrieved 2024-06-17.
  3. ^ "DONKEY, DONKEYREPUBLIC HOLDING". NASDAQ Nordic. Retrieved 17 June 2024.
  4. ^ "Donkey Republic - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com. Retrieved 2024-06-17.
  5. ^ "Reports and Company News". Donkey Republic. 2024-05-27. Retrieved 2024-06-17.
  6. ^ a b c d "Annual Report 2022" (PDF). Donkey Republic. Retrieved 17 June 2024.
  7. ^ "Annual Report 2021" (PDF). Donkey Republic. Retrieved 17 June 2024.
  8. ^ "Annual Report 2023" (PDF). Donkey Republic. Retrieved 17 June 2024.
  9. ^ "How it works". Donkey Republic. Retrieved 2024-06-17.
  10. ^ "Pricing". Donkey Republic. Retrieved 2024-06-17.
  11. ^ "Donkey Republic: Ein Fahrrad-Start-up bleibt in Wien". DER STANDARD (in Austrian German). Retrieved 2024-06-17.
  12. ^ "Leihrad-Anbieter Donkey Republic verlässt Wien". wien.ORF.at (in German). 2020-03-12. Retrieved 2024-06-17.
  13. ^ "Même pas peur des vandales… Paris a un nouveau vélo en libre-service". 20minutes.fr (in French). 2018-05-29. Retrieved 2024-06-17.
  14. ^ "Gobee.bike retire ses vélos en libre-service du marché français". Les Echos (in French). 2018-02-25. Retrieved 2024-06-17.
  15. ^ "Donkey Republic setzt erstmals auch auf Leih-E-Bikes". velobiz.de (in German). 7 June 2019. Retrieved 7 Jun 2019.
  16. ^ "Donkey Republic erweitert E-Bike-Flotte in Berlin, Kopenhagen und Rotterdam". emobilserver.de. Retrieved 2024-06-17.
  17. ^ "Donkey Republic is now on Google Maps". Cision News. 2021-07-05. Retrieved 2024-06-17.
  18. ^ "Elektrische deelfietsen van Donkey Republic zitten voortaan in 32 Antwerpse en Oost-Vlaamse gemeenten". vrt.be (in Dutch). 2022-12-07. Retrieved 2024-06-17.
  19. ^ "Finland's first shared-use cargo bikes to Turku". turku.fi. 2023-06-05. Retrieved 2024-06-17.
  20. ^ "Megszüntette szolgáltatását a Donkey Republic Budapesten". telex.hu (in Hungarian). 2023-05-25. Retrieved 2024-06-17.
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