Donkey Republic
Rent a bike whenever and wherever you need it.
Exited Denmark Micro-mobilityDonkey Republic is a global bike rental service, that gives people the opportunity to rent bikes with a few taps on their phone. They have bikes in more than 40 cities across Europe, helping especially tourists get around in a more environmentally friendly and local way.
With an app, you can purchase both hour and day passes as well as memberships that always gives you discounts. You also use that app to unlock bikes and lock them, when you are done exploring.
Last updated August 6, 2024
Founding team
Erdem Ovacik, Board member
Before founding Donkey Republic, Erdem was already an entrepreneur and had even teached entrepreneurship. He had worked with business development across a number of companies and was from the beginning a strong voice in bike sharing across Europe.
Alexander Høst Frederiksen, Left position
Even before Alexander was done with his master's degree, he had founded Donkey Republic with his co-founders. Since then, he has worked in everything bicycles and founded several bike-centered companies. He left his position in Donkey Republic in June 2024.
Rune Kokholm, COO
Straight out of university, Rune started working with business development, as he became country manager in Zambia and Uganda for Software Factory Ltd. But already in 2013, he co-founded Donkey Republic and hasn't looked back since.
Jens Frandsen, Left position
Jens left his position as CTO in Donkey Republic in 2022, after co-founding the company many years before. Before he started Donkey Republic, he had used his bachelor from DTU in several positions at Oticon A/S: R&D Engineer, Chipset Validation Engineer, and SCRUM Master and Firmware Developer.
Articles
Grøn omstilling giver cykelkomet medvind
06/05/2024 @ Børsen
Accelerace Invest: Donkey Republic raises double-digit Series A investment
19/07/2016 @ Accelerace
Established: 2014
Investment: 2016
Exited: 2023
Money raised: €44.000.000
Our investment thesis
Tourists seek ways to rent bicycles online, because it is more convenient than walking around, and most tourists use google maps to locate bike shops, and many leave bike stores without renting a bike, because there are none available, or that the bike shop closed earlier than they had expected. The easily available bikes that can be located online is what made Donkey Republic succeed.
