Q3 KPI Report, October Celebrations & Partnerships
#10 Donkey News: October 2023
Hej from our K?benhavn HQ! ????
After a few eventful weeks, we're excited to conclude with our October news. Much has transpired, and we can't wait to share these updates in our newsletter. It's packed with the release of our Q3 KPI Report, noteworthy achievements, new partnerships and sponsorships, and informative content available for download. No need to delay – let's dive right in!
?? Donkey Republic Q3-2023 KPI Report
We are pleased to announce the publication of the Donkey Republic Q3-2023 Key Performance Indicators (KPI) Report, highlighting a remarkable 43% growth rate ??. This quarter has set a new performance record for Donkey Republic.
Here are some key takeaways from the report:
A total of 2.5 million trips, averaging 3 kilometers per trip on Donkey Republic pedal bikes and e-bikes, have resulted in a substantial reduction in car and bus trips ??. The positive impact encompasses ????:
?? Upward adjustment of 2023 guidance
We're excited to announce that Donkey Republic is elevating its 2023 revenue guidance and expanding the upper limits for EBITDA and EBIT.
?? Revenue: Now targeting 112-120M DKK, up from 97-112M DKK (equivalent to 15-16M EUR from 13-15M EUR).
?? EBITDA: Setting new heights at 9-13.5M DKK, compared to 9-10.5M DKK (1.2-1.8M EUR from 1.2-1.4M EUR).
?? EBIT: Narrowing the gap to negative 11-6.5M DKK, down from negative 12-9.5M DKK (or negative 1.5-0.9M EUR from negative 1.6-1.3M EUR).
These positive changes are fueled by higher-than-expected demand and impressive fleet utilization during the summer months. We've also worked diligently to maintain stable costs for sustainable future growth. Our mission to provide eco-friendly mobility solutions to cities worldwide is gaining momentum.
Delve deeper into the news by clicking here for the LinkedIn Post or here for reading the news on Nasdaq.
?? 20 Million Donkey Republic Trips
We've hit a milestone!
Donkey just celebrated 20 million trips, saving 2.529 tons of CO2 and covering 38,181,637 kilometers! ?? What an incredible achievement and what a significant impact on our environment.
This milestone wouldn't be complete without you, our amazing riders and supporters. We believe that Every Ride Counts - and we are more than grateful that you have chosen to support us. In this way, you have contributed to a greener, more sustainable, and cleaner future. ??
Thank you for riding with us! Read and watch more here and drop a like! ??
?? Free Webinar: The Sprotten Flotte - Example KielRegion
Join our upcoming free webinar, hosted by our mobility consultant, Romeo Arianna: "From the city to rural areas: How to successfully expand a bike-sharing system? The "Sprotten Flotte," a concrete example in the KielRegion." ????
During this interactive session, you will gain insight into KielRegion's collaboration with Donkey Republic, as well as practical advice on how to implement and sustain a successful bike share in the regional area.
What can you expect in the webinar?
? Concrete advice and tips on how to implement a new bike-sharing system in your region.
? Suggestions for engaging rural communities in bike-sharing systems.
? Practical examples and use cases for successfully expanding an existing bike-sharing fleet.
? Overview of the local characteristics of the KielRegion.
Register for free now (limited places)
?? November 14th ?? 13:30 AM (CET) ?? Language: German ? Duration: 30 min with Q&A
We look forward to seeing you online in two weeks! ??
You cannot attend the webinar on the 14th of November? Don't worry! Sign up and we will send you the recorded video of the webinar. Sign up here .
?? DSB Partnership - K?rmit - Company Memberships
We've teamed up with DSB, Denmark's state-owned railway operator, to revolutionize urban mobility. Our partnership with their mobility platform, #K?rmit, enables train commuters to solve the last-mile problem with Donkey Republic bikes, enhancing convenience and sustainability. ??
Over 200 employees in Ballerup, Malmparken, Glostrup, and Hiller?d (Region Hovedstaden) are already enjoying this service. If your workplace is in these areas and you'd like to offer this solution, contact DSB at [email protected] .
With this collaboration, we aim to achieve:
?? A Healthier Future: Prioritizing efficient and eco-friendly first and last-mile options for daily commuters.
?? Seamlessly Connected: Creating a hassle-free transition from public transportation to a reliable bike ride.
?? Sustainability Matters: Supporting cleaner, more sustainable transportation options to and from train stations.
With bikes and trains at the heart of our partnership, we're enabling people to choose sustainable transport options to and from a train station.
Discover more about our partnership's exciting potential by clicking this link.
???? If you want to find out more about K?rmit, visit https://www.koermit.dk/
?? Sponsorship with umob in Rotterdam
Donkey Republic's collaboration with umob in Rotterdam, Netherlands, is a remarkable development. ????
This partnership commences with umob striving to revolutionize transportation by consolidating diverse mobility options into one app. Side panel advertising on Donkey Republic bikes bearing the umob brand will be a notable feature to look out for in Rotterdam and Den Haag.
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This partnership is a testament to our shared commitment to advancing urban mobility and providing more convenient transportation solutions for residents in these Dutch cities.
It's essential to note that this sponsorship encompasses an extensive fleet of 400 bikes in Rotterdam and an additional 100 bikes in Den Haag. The collaboration, initiated in mid-September, sets the stage for an initial three-month duration ??♂?.
?? Were you aware that you have the opportunity to feature your advertising on the side panels of our bikes? Feel free to get in touch with us to explore this exciting advertising avenue: [email protected]
?? Partnership Extension Announcement with the City of Turku
We're thrilled to announce the extension of our partnership with Turun kaupunki, City of Turku in Finland. ????
This collaboration signifies our shared commitment to improving urban mobility in Turku. Instead of closing the system at the end of October, we're excited to share that the season will now run for an extra 7.5 weeks, extending until December 23, 2023.
This extension ensures that residents of Turku will have an extended period of convenient and eco-friendly transportation options. Our dedication to this partnership stems from our joint mission to promote sustainable urban mobility and provide efficient transportation solutions. ??
We're eager to continue working with Turun kaupunki and serving the Turku community. Your ongoing support is greatly appreciated, and we encourage you to take advantage of this extended season for more accessible and eco-friendly transportation solutions. ??♂?
?? Shaping Tomorrow's Cities - A recap
In our ongoing mission to shape smarter, more efficient cities, we've embarked on a comprehensive exploration of urban mobility and bike-sharing. Here's a sneak peek at the six key research points:
For in-depth insights, click the link to dive into our full research report.
?? A Donkey Republic E-Book: A 6-Step Guide to Successfully Implementing a Cycling Plan in Your Company
Who's it for? Everyone! Private businesses, public sector bodies, universities, NGOs – if you want to make your workplace greener and more accessible, this guide is for you. ??
The Green - ORANGE - Mobility Revolution ??
Recent years have witnessed a dramatic rise in bicycle commuting across Europe, especially in Denmark. As a leader in sustainable transportation, Denmark sets the standard for multimodal options.
But what's next? Employers are grappling with important questions: What's our responsibility? Is now the right time to invest in a bicycle fleet? Can we provide bike-sharing systems tailored to our employees' needs? How do we incentivize this shift, and what's the cost? These are vital concerns, and employers are at a crossroads.
Our eBook answers these questions, offering insights on:
?? Benefits of the Green Commute: Cycling to work is more than a trend; it's a sustainable, efficient, and healthy choice with numerous advantages, such as:
Beating traffic jams. Boosting health and well-being. Reducing pollution and carbon footprint. Saving on commuting costs. Enjoying the ease of electric-assist bikes. The wave of cycling enthusiasm is here to stay, with more companies embracing this change.
?? Your Roadmap to Success ??
Our eBook is a valuable tool for employers, offering insights in three key areas:
By managing green mobility schemes effectively, companies can reap significant returns on investment while boosting their corporate and social responsibility (CSR) credentials.
This guide is your roadmap to implementing a thriving cycling system for your employees and your organization, without the need to invest in a bike fleet.
?? Share the Knowledge!
We invite you to share this eBook with your network and HR professionals. Let's build a community of eco-conscious companies and promote a brighter, healthier, and more sustainable future together.
?? Company Memberships with Donkey Republic
Transform your workplace into a green oasis with Donkey Republic's Company Bike Memberships. Say goodbye to parking hassles, reduce your carbon footprint, and promote physical and mental health. ??
Our memberships offer the perfect solution. By advocating biking as the primary way to commute, you not only decrease carbon emissions but also play a role in fostering a healthier planet. This arrangement is a double win: your employees experience stress-free commutes without parking difficulties or traffic stress, and your organization proudly displays its commitment to sustainability and corporate social responsibility.
?? Donkey Squad
In the most recent installment of "Meet the Donkey Squad," we unveiled Mikolaj, our Team Coordinator & QA Tester. Prepare to journey into what brought him to the world of Donkey Republic, the intricacies of his role, and the daily challenges he encounters. Mikolaj shared his whimsical perspective on what Donkey would be if it were a movie, as well as regaling us with his most amusing autocorrect mishap. Given his extensive experience in customer support and the frantic messages he's received, you're in for a treat. Stay tuned for this enlightening interview that illuminates Mikolaj's impact on Donkey's vibrant workplace culture.
?? Happy Halloween 2023 ??
Last but not least: This Halloween, Donkey Republic is fighting against the real monsters haunting our cities: gas-guzzling cars. ???? Until today, you can save up to 25% on Just Ride with the code: GASBUSTERS
Hurry, Halloween is almost over, and the offer will expire at the end of the day ????
*The promo code is valid for Just Ride until 31/10/2023 in the following cities: Copenhagen, Aarhus, Odense, Randers, Amsterdam, Rotterdam, Den Haag, Dordrecht, Gorinchem, Geneva, Barcelona, Ghent, Antwerp (and nearby municipalities), Malm?, and Berlin.
Thank you for delving into the exciting news we had to share with you in October. ???? Keep the momentum going by following our LinkedIn page for more updates in November. And, don't miss out on the opportunity to download our E-book , which guides you on implementing a cycling plan in your company. ?? Explore this page to discover what HelloRetail and Implement Consulting Group say about our company memberships.
Enjoy! ????