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Wattbike

wattbike.com

Founded Year

2007

Stage

Line of Credit | Alive

Total Raised

$18.85M

Last Raised

$3.91M | 11 days ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+50 points in the past 30 days

About Wattbike

Wattbike manufactures cycle ergometers for indoor cycling. It collects data with scientific accuracy and improves both fitness and cycling techniques. The company offers products such as Wattbike Pro/Trainer, Wattbike Nucleus, Wattbike Atom, and Wattbike AtomX. Wattbike was founded in 2007 and is based in Nottingham, U.K.

Headquarters Location

Ruddington Lane Vermont House, Unit 5, Nottingham South and Wilford Industrial Estate

Nottingham, England, NG11 7HQ,

United Kingdom

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Expert Collections containing Wattbike

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Wattbike is included in 3 Expert Collections, including Fitness Tech.

F

Fitness Tech

1,340 items

This Collection includes startups developing software and technology to augment approaches to developing or maintaining physical fitness, including workout apps, wearables, and connected fitness equipment.

S

Smart Home & Consumer Electronics

1,229 items

This Collection includes companies developing smart home devices, wearables, home electronics, and other consumer electronics.

D

Direct-To-Consumer Brands (Non-Food)

1,192 items

Startups selling their own branded products directly to consumers through owned e-commerce channels, rather than relying on department stores or big online marketplaces.

Wattbike Patents

Wattbike has filed 1 patent.

The 3 most popular patent topics include:

  • Exercise equipment
  • Apollo program astronauts
  • Apollo program missions
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/11/2017

2/1/2022

Apollo program missions, Exercise equipment, Apollo program astronauts, Mechanical power control, Railway brakes

Grant

Application Date

1/11/2017

Grant Date

2/1/2022

Title

Related Topics

Apollo program missions, Exercise equipment, Apollo program astronauts, Mechanical power control, Railway brakes

Status

Grant

Latest Wattbike News

Nottingham’s Wattbike borrows to pedal further and faster

Dec 6, 2022

UKHotViews Maybe Peloton CEO Barry McCarthy ought to take some tips from Richard Baker, CEO of Nottingham-based exercise bike manufacturer Wattbike. Why? Because Wattbike makes a profit! I was set to meet Baker two or three years ago around the time pf Peloton’s IPO but it never happened (my bad) and in truth I failed miserably to stay in touch. Which means I also missed the news in September 2020 that Wattbike had received backing from brand building-focused private equity firm Piper to the tune of £11.5m. I’m assuming Piper took a majority stake but I can’t be sure. And it has just been announced that Wattbike has raised a further £3.25m via an asset-backed lending facility from Praetura Commercial Finance. Wattbike was cofounded in 2007 by former world champion rower Ian Wilson in collaboration with British Cycling. He handed over the leadership reins to Baker in 2018 and now carries the title President. Former Army officer Baker had joined Wattbike in 2012 as Sales Director. The other founders were software engineer Dusan Adamovic (Technical Director), former sporting equipment manufacturer MD, Milan Bacanovic, and former Cambridge University Boat Club head coach, John Wilson (business development director – don’t know if related to Ian). Wattbike models are every bit as expensive as Peloton’s – the top-of-the-range Pro-Trainer costs £2,499. However, unlike Peloton’s subscription platform, not only does Wattbike come with a free training app (Wattbike Hub) but it is also compatible with a raft of popular third-party indoor training and fitness apps. But the real difference between Wattbike and Peloton is the target market – cycling professionals, organisations and enthusiasts, vs ‘the great unfit’. Wattbike’s annual revenues of £32m last year (up 53% yoy) pale into insignificance compared to Peloton’s quarterly (but declining) revenues of $616m (see Peloton’s ‘turnaround’ ). But at least Baker – unlike McCarthy – knows how to make money.

Wattbike Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Wattbike Rank

Wattbike Frequently Asked Questions (FAQ)

  • When was Wattbike founded?

    Wattbike was founded in 2007.

  • Where is Wattbike's headquarters?

    Wattbike's headquarters is located at Ruddington Lane, Nottingham.

  • What is Wattbike's latest funding round?

    Wattbike's latest funding round is Line of Credit.

  • How much did Wattbike raise?

    Wattbike raised a total of $18.85M.

  • Who are the investors of Wattbike?

    Investors of Wattbike include Praetura Commercial Finance and Piper Private Equity.

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