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Bikmo
Bikmo is a specialist cycle and e-mobility insurer that protects overs 75,000 riders in the UK.
£3.1m
AMOUNT INVESTED
Chester, UK & Innsbruck, Austria
LOCATION
Insurtech
SECTOR
October 2023
INITIAL DEAL
Overview
In 2023, Puma Private Equity deployed £3.1 million of equity into Bikmo, a specialist bike insurer in the UK that is currently focusing on expanding into other European markets and supporting multinational partners.
About Bikmo
Capitalising on growth in the cycle market, specialist cycle and e-mobility insurer, Bikmo offers a range of insurance products to protect every type of cyclist – from road cyclists and triathletes to daily commuters. It covers both individual and commercial risks for brands including Deliveroo, and offers extra options to protect cyclists, such as legal protection and breakdown assistance.
The B-Corp certified specialist insurer protects over 75,000 riders in the UK, Ireland, Germany and Austria and is currently focusing on expanding into other European markets and supporting multinational partners, including British Cycling, Cyclescheme and Brompton. It has developed API technology to deliver embedded insurance solutions through retail, manufacturing and other partners.
THE COMPANY'S VIEW
OUR VIEW