Yeply Revenue, Valuation & Funding (2024)

Yeply generated an estimated $10.6M in annual revenue in 2024.

Yeply was generating approximately 300,000 to 400,000 euros per month in revenue as of April 2022, implying an annualized run rate of roughly 3.6 million to 4.8 million euros. Känsälä told Latka that the company completed approximately 10,000 bike fixes in the prior month, with average revenue per consumer customer of about 100 to 110 euros. Fleet and B2B contracts carry a lower per-bike figure given volume.

Yeply serves two customer segments: individual consumers who need bike repairs and B2B fleet operators, primarily quick-commerce delivery companies that rely on e-bike fleets for business-critical operations. Average revenue per consumer transaction is approximately 100 to 110 euros, equivalent to roughly 140 US dollars at the time of the interview. Fleet contracts carry a lower per-bike revenue figure given the volume and frequency of service.

The company completed approximately 10,000 bike fixes in the month prior to the April 2022 interview. Pricing was not broken out by tier or subscription structure in the interview, and a free tier was not mentioned.

Yeply generates revenue by charging consumers and fleet operators for bike maintenance and repair services delivered through mobile service units. The company employs its mechanics directly rather than operating as a gig-economy marketplace, a deliberate choice Känsälä says preserves control over the customer experience.

Labor costs account for approximately 70 percent of monthly revenue. With roughly 70 mechanics on staff and monthly revenue of 300,000 to 400,000 euros, the implied monthly payroll for those mechanics is approximately 280,000 euros. The company leases approximately 25 mobile service units, which Känsälä identified as the second-largest monthly cost after labor. Units are operated in up to three shifts per day, with one to three mechanics per shift, to maximize utilization.

When Yeply enters a new country, it leads with B2B fleet contracts to establish nationwide coverage and build its local organization before launching consumer operations city by city. Profitability was not discussed in the interview. Gross margin, churn, LTV, CAC, and burn rate were not disclosed.

Yeply had approximately 80 people on staff as of April 2022. Of those, approximately 60 were bike mechanics employed directly by the company, with a broader estimate of roughly 70 mechanics when accounting for the full field workforce. Six to seven engineers were on the team at the time of the interview, with Känsälä noting the engineering headcount was growing. The remainder of the team consisted of administrative, growth, marketing, and sales staff.