Source: Zag Daily

A leading micromobility refurbishment company, has introduced a dedicated B2B platform designed to facilitate the buying and selling of used micromobility fleets among shared operators. This initiative aims to streamline fleet management while promoting sustainability through reuse and refurbishment.

The newly launched ‘Dedicated B2B Fleet Hub’ serves as a marketplace for micromobility operators to acquire or offload fleets efficiently. By connecting buyers and sellers, the platform addresses common industry challenges, including high upfront costs, bulk purchasing constraints, and the complexities of fleet decommissioning. Additionally, the hub seeks to reduce the number of micromobility devices that end up in landfills, reinforcing a circular economy approach.

“Cyclecure was founded in response to the rapid expansion of micromobility between 2018 and 2020, when a ‘growth-at-all-costs’ mindset led to images of discarded devices piling up for recycling,” said Cyclecure CEO Evrim Taskiran. “We are trying to save these devices from ending up in recycling. While recycling is praised by a lot of players, the real circularity lies in reuse and refurbishment stages before they end up in containers.”

Flexible fleet solutions for operators

The B2B platform caters to operators at various stages of their business cycles. It supports companies seeking to expand or refresh their fleet, startups testing new markets, and those exiting markets who need a streamlined process to decommission their assets. Operators can purchase as few as 10 units, with flexible options such as lease-to-own arrangements, bulk discounts, and tailored agreements.

Evrim highlighted the gap Cyclecure aims to fill, noting that while major operators can relocate or sell fleets internally, smaller operators often lack access to these networks. Evrim asks. “Why is there a need for services like ours? If major operators want to renew their fleets, the older ones are either relocated to other less critical markets or sold to other major operators in large quantities, as they’re already well-connected with each other. However, there are also hundreds of smaller operators with fleet sizes of 50 or a few hundred who don’t have these connections with major operators.”

He further explained, “When they ask for small quantities from major producers, they are typically limited by minimum order quantities (MOQs) and high costs of shipping from Asia. These small operators also have a limited budget, mostly obtained by bank loans rather than equity investors, hence want to experiment with new models or geographies with minimal capital investment.”

Streamlined buying and selling process

For buyers, the B2B hub lowers purchasing barriers by sourcing vehicles that align with their budget and operational needs. Clients can choose between fully refurbished vehicles ready for deployment or units requiring in-house refurbishment.

For sellers, Cyclecure conducts thorough inspections to determine fair market value and facilitates the search for suitable buyers, expediting the resale process and maximizing asset value.

To date, Cyclecure has collaborated with 15 operators and successfully extended the lifespan of over 5,000 micromobility devices. The launch of the B2B Fleet Hub aims to expand these efforts by streamlining negotiations, logistics, and flexible financing options for operators navigating the evolving micromobility landscape.