Welcome 2024, KPI Report and a new Partnership

Welcome 2024, KPI Report and a new Partnership

#01/24 Donkey News: January 2024

Hej from our K?benhavn HQ! ????

Welcome to our first newsletter of 2024! ?? Get ready for a thrilling ride as we dive into the highlights and updates from January. No more waiting – let's rewind and relive the most exciting moments from last month! ???


?? 2023 in a nutshell

??♂? Over 20 Million Trips: Donkey riders have embraced the power of pedal-assist bikes, clocking in an impressive over 20 million trips throughout the year. This not only demonstrates the popularity of this eco-friendly mode of transportation but also showcases the collective commitment to reducing our carbon footprint.

?? 848.72 Tons of CO2 Saved: The environmental impact of this shift in transportation habits is staggering. With over 848 tons of CO2 saved, our community of Donkey riders has become a driving force in the fight against climate change, proving that small changes can lead to significant results.

??? 12.3 Million Kilometers Traveled: The combined distance covered by Donkey riders is equivalent to circumnavigating the Earth over 300 times! This extensive travel not only contributes to a healthier planet but also fosters a sense of community among riders who share a common goal of sustainability.

?? 855,5€ Congestion Savings: Beyond the environmental benefits, Donkey riders have also made a positive impact on their local economies. The reduction in congestion not only saves time but translates into tangible economic savings, with 855,5€ saved in congestion-related costs.

?? 17.04 Million € in Health Benefits: The holistic impact of embracing sustainable transportation extends to personal health. Our community has collectively reaped the rewards of an active lifestyle, contributing to an impressive 17.04 million euros in health benefits. This underscores the profound connection between eco-friendly mobility and individual well-being.


?? KPI Report Q4 / 2023

Donkey Republic achieved an extraordinary milestone in the micro-mobility industry as we were EBITDA positive in 2023! ??

Financial Highlights:

  • Surpassed 115M DKK in revenue, marking a phenomenal 70% growth in 2023
  • Achieved a positive EBITDA of around 9.3M DKK, showcasing an impressive rise of 36M DKK in just one year
  • Q4 revenue reached approximately 23.1M DKK, demonstrating an outstanding 47% growth

A heartfelt thank you to our dedicated team, loyal clients, and trusted partners for their pivotal roles in making this achievement a reality! ?? We continue to roll forward, building on the success of 2023!

Download and read the whole report here


?? City Launch in Hannover, Germany

In November 2023, Donkey Republic achieved a significant milestone by securing a long-term contract in Hannover, Germany. ?? The contract, valued at approximately 8.8 million DKK, spans a duration of three years with the potential for extensions in two-year increments. Under the agreement, Donkey Republic not only operates a bike share system but also has the opportunity to manage rider revenue, explore potential sponsorships, and engage with corporate partners. ??

This accomplishment is a testament to Donkey Republic's successful execution of its Business-to-Government (B2G) strategy, marking a pivotal step in the company's path toward profitability. ?? The strategic importance of this contract is underscored by Germany being a core focus market and a key driver for future growth. ?? With this contract, Donkey Republic expands its footprint in Germany, complementing existing operations in the Kiel Region and Schleswig/Flensburg in the northern part of the country. ????

Anticipated to launch in the second quarter of 2024, the Hannover project signifies a substantial expansion for Donkey Republic and reinforces its commitment to sustainable and innovative mobility solutions in Germany. ??♂??

Read more here


?? Partnership Announcement - DSB - Danish railway authority

Embracing our commitment to sustainable mobility, Donkey Republic is excited to announce a partnership with DSB, the Danish railway authority, bringing an exclusive discount on our bike membership for DSB Plus members in Denmark.

By joining Donkey Republic through this program, you'll unlock a bundle of perks, including:

Exclusive discount on Donkey membership (plus a monthly discount for Just Ride) The most convenient way to commute to and from the station. Access to 20,000+ bikes across Denmark and 60+ cities in Europe. Theft insurance and maintenance included.

Find out more here, where you can also sign up for free and enjoy the first and last mile of your journey on a Donkey bike.


?? Donkey Squad

In the latest edition of "Meet the Donkey Squad," we introduced you to Simone, our Country Manager for Germany! Simone started as a bike mechanic in Berlin and is now the Country Manager of Germany. What a ride! He's sharing insights into his role and revealing the most challenging aspects. Additionally, you'll find out what he would cook for you as a three-course menu.

Read the interview here.


We appreciate your engagement with the updates we shared in January. ?? To stay in the loop, make sure to follow our LinkedIn page. We've got more exciting updates coming your way throughout February, and we look forward to keeping you informed.

Enjoy!

#donkeyrepublic #everyridecounts #sharedmobility

Wow, your January newsletter sounds packed with exciting updates! ?? Leonardo da Vinci once said, "Learning never exhausts the mind." It seems like the Donkey Squad is on a fantastic journey of growth and sustainability. If you're interested in expanding your environmental impact, there's a chance to be part of the Guinness World Record for Tree Planting. Check it out for a greener future! ??? [https://bit.ly/TreeGuinnessWorldRecord]

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Thrilled to dive into the latest from Donkey News! ?? It reminds me of the words of Henry Ford, "Coming together is a beginning, staying together is progress, and working together is success." Kudos on the new partnerships and sustainability milestones. Keep steering the Donkey Squad towards greatness! ?? #Progress #Sustainability #Teamwork

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