In Europe, about 50% of light goods could be transported by bike instead of cars, because a bike is fastest on short trips, ecological, without noise, congestion and parking problems. K-Ryole is the first painless electric trailer which can carry a load up to 250 kg, securely and without any additional effort. The trailer can be attached in seconds to any bicycle’s seat tube and turn it into a tool for easy transportation of goods. Indeed, bike is the fastest means of transport of small trips, fully ecological, without noise, congestion and parking problems.
Urban last mile logistics is a perfect initial market for K-Ryole. Led by recent explosion of e-commerce (up to 48% growth of delivery volume), and new customers demand for instant delivery services (one-hour, one-day delivery), this segment looking urgently for new solutions to replace cars in urban environment. The interest of customers is big. Several large international retails (Intermarché Letter of intent, Carrefour, Auchan, etc.) as well as parcel delivery companies (The French Postal Company, German Dachser Intelligence Logistics company, Letters of intent) are already started first paying K-Ryole beta-tests and aware to buy product as soon as possible.
K-Ryole plans to sell about 10 000 trailers (0,5% market share) in Europe in 2025, earn €55 million and create 98 new jobs. Have a BLaST project will allow the company to develop and industrialise an advanced, connected trailer, with payload increased and lower cost to attract new customers and broaden reachable target.
K-Ryole will first complete a feasibility study to further analyse risks and costs of scale-up, the European regulatory frameworks and will conduct in-depth analysis of the global last mile market in cities. The SME Instrument will complement funding necessary to reach commercialisation (~€4m), accelerate international development and permit K-Ryole to become a European and world-wide champion in the urban last mile industry market.