To understand the global and US market size, projected growth, and major players in the cargo bike market to help a fundraising pitch.
- The cargo bikes market is projected to grow at a 14% CAGR from 2018 to 2026.
- E-cargo bikes are seen to be a great alternative to about 20% of delivery vans operating in some large cities.
- Rytle has developed a machine-to machine communication wherein couriers can work with smart glasses and provide information about the location and status of a certain package. The technology used by Rytle helps in using this information to track a shipment online.
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