Beno

A Futuristic Electric Bicycle

Company Information

Website:

https://beno.io/

Sector:

Transportation Services

Location:

New Castle, DE

Beno is pioneering the next generation of electric bicycles.

Its first bike is called Reevo — a hubless bike that is aesthetically unique and integrated with futuristic technology. Notable features include autonomous LED headlights, a detachable battery, adaptive pedal assist, and a triple-barrier security system with biometric access, electronic locking, and GPS tracking.

InceptiveMind, a media company, said of this company’s bike, “No spokes, no transparent center, no gimmicks, just pure engineering excellence.”

Beno has 10 patents pending for its bike. And it’s received $5.5 million worth of pre-orders in the past nine months. Now the company is “gearing” up for delivery and to introduce its bike to the market.

Team Background

Ivan Chew - Chief Operating Officer

Ivan has been issued multiple patents for his work, and been featured in several publications.

Most recently, he spent five years as an application engineer with OSRAM Opto, a semiconductors company. Prior to that, he was a research and teaching assistant at Monash University.

Earlier in his career, he was an electrical engineer and programmer with Coindex, a Malaysia-based engineering company. He began as a technical service engineer with Sunico, a company servicing refrigeration systems and vending machines.

Ivan earned a Bachelor’s degree in Electrical and Computer Systems Engineering, and a Ph.D., from Monash University.

Alec Lim - Chief Executive Officer

Prior to starting Beno, Alec spent three years with Keysight Technologies, an electronics manufacturing company with a $33 billion market cap. While there, he served as a manufacturing engineer, robotics lead, and a research & development specialist.

Earlier, he was a mechanical engineer with Motorola Solutions, a telecommunications company. He earned a Bachelor’s degree in Manufacturing Engineering from the University of Nottingham.

Andrew Ooi - Chief Financial Officer

Prior to starting Beno, Andrew spent 10 years with Agilent Technologies, a $53 billion instrumentation development and manufacturing company.

He studied at the University of Northumbria at Newcastle.

Co-Investors

Raising
$5 million
Committed
$926.707K (19%)
Current Valuation
$39 million Cap / 0% Discount
Min. Investment
$250
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
Notable Investors
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