Junto Bicycle Works

Affordable Electric Bikes

Company Information

Website:

https://juntobikes.com/

Sector:

Other Transportation

Location:

Philadelphia, PA

Junto Bicycle Works is on a mission to reduce pollution, congestion, and stress caused by traffic in America’s cities and suburbs.

The company has designed a fleet of electric bicycles, also known as “e-bikes.”

Unlike other e-bikes that can cost as much as $4,000, Junto’s bikes cost just $1,799, and can run between 30 and 60 miles on a single charge.

According to Forbes, urban and suburban residents are seeking faster, greener modes of transportation.

This trend has resulted in a significant increase in the number of e-bikes sold. In fact, by 2023, Statista.com predicts e-bike sales will reach 40 million…

And according to Business Wire, the global bicycle market is expected to reach $34 billion by 2022.

To capture this momentum, several top companies in the transportation industry have raced to acquire bike-related start-ups — for example:

In April 2018, Uber acquired bike-sharing company JUMP for $200 million…

In June 2018, Lyft acquired Motivate, another bike-sharing company, for $250 million…

And in March 2018, Harley Davidson acquired part of Alta Motors, a company that manufactures electric dirt bikes.

Junto launched its first bikes in November 2017. The company just completed a prototype of its “Generation 2” bike, and expects to begin shipping those models in September 2018.

Team Background

Simon Goode - COO & Director
Brian Powell - Founder & CEO