The Ant Bicycle offering is now closed and is no longer accepting investments.

Ant Bicycle

Electric Transportation Sharing Platform

Regulation Crowdfunding
Cambridge, MA
Advertising and Marketing
Accepting International Investment

The Electric Transportation Sharing Platform

Invest in Ant Bicycle. Inc

Ant Bicycle is an innovative high-tech bicycle-share company based in Cambridge, MA. We are devoted to providing commuting alternative solutions in urban areas with our dockless bikes, scooter & e-assist bikes. We are devoted to bringing healthier alternatives for automobiles and reduce carbon emissions.

Users can easily find an available bicycle nearby using a smartphone app. Users can unlock the bicycle by scanning the QR code on the bicycle. To return the bicycle, users manually lock the bicycle and the smartphone app will automatically calculate a bill.

Our solution solves many difficulties faced by urban commuting, such as traffic jams, parking difficulties, and the speed & reach limit of walking. Our vision is to expand our system from the greater Boston area in Massachusetts to every corner of the world, providing innovative solutions in short-distance transportation. Even more, we want to devote our effort to environmental protection by making cycling the easiest way to get around.


Through the help of our innovative technology and strategic operations, we are able to allow users to ride our bikes for $1/30 mins. Total user fees are much less than owning a bike and much less of a hassle than renting bikes: this includes no deposit, no maintenance fees, and no accessory fees.  Low cost doesn’t mean low quality. We have invested in and developed a proprietary lock system equipped with anti-theft monitoring, which is supported by solar energy panels. This system connects with our app via cellular and Bluetooth networks to process payments and manage our bike fleet. 


As our urban transportation needs evolve, so do our solutions. We are currently in development of electric assist bikes and scooters that we plan to deploy in 2019. Continue below to learn more about the next phase of development at Ant Bicycle.


The Offering

Convertible Promissory Notes

Note converts to common stock when the company raises $7,000,000 in a qualified equity financing.


Maturity Date:  9/18/2020

Discount Rate: 20%

Valuation Cap: $40,000,000

Annual Interest Rate: 5%

Maximum ($107,000) of Convertible Promissory Notes

Minimum ($10,000) of Convertible Promissory Notes


What is a Convertible Note?

A convertible note offers you the right to receive common stock in Ant Bicycle. The number of shares you will receive in the future will be determined at the next equity round in which the Company raises at least $7,000,000 in qualified equity financing. The highest conversion price per security is set based on a $40,000,000  Valuation Cap or if less, then you will receive a 20% discount on the price the new investors are purchasing.  You also receive 5% interest per year added to your investment.  When the maturity date is reached, if the note has not converted then you are entitled to receive common stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding common shares of the Company as of immediately prior (on a fully diluted basis), subject to discount rate, if applicable.


Perks*

Perks are available through July 17, 2019.

Invest $300 and receive ONE year of free membership to use our smart vehicles including electric bikes and e-scooters

Invest $600 and receive THREE years of free membership to use our smart vehicles including electric bikes and e-scooters


*All perks occur after the offering is completed.

*For details on the bonus, please see the Offering Summary below.


Ant Bicycle 1.0

At this stage, our goal was to provide a wide range of Accessible+ Affordable+ Convenient transportation options for urban commuters.

Accessible

Parking Made Easy

  • We collaborate with cities and neighborhoods to identify hot zones
  • Dockless bikes allow users to park wherever their trip takes them
  • Locating bikes In-app is a breeze!

Affordable

Get Around Town for Less than a Latte

  • $1/30mins for all traditional bikes
  • No maintenance cost for cyclists
  • GPS + Alarm system to reduce theft & damage

  • No infrastructure for docks

Convenience

Smart Lock & App Allows for Scan-n-Go and Easy Operating

  • Integrated payment system for quick transactions
  • Smart lock with GPS  locating system enables our team to monitor the bikes to prevent illegal parking & provide maintenance

What is the AntBike Difference?

  • We are developing e-bike (Electric Power Assist) integrations
  • We remotely monitor all bicycles by using smart algorithms and data analysis for back-end management.

  • We have developed and trained a Fleet Management program to prevent illegal parking, and make sure timely replacement of batteries. We keep track of each bicycle with our built-in chip inside the bike.
  • Each bicycle is designed for an urban commute and is equipped with the latest GPS technology, supported by mobile and cloud-based tracking.
  • Without cumbersome docking stations, our bicycles can be distributed around the city to increase coverage and meet dynamic demands.
  • Ant Bicycle Inc. works closely with local government to design and adapt coverage areas as we deploy around the city.

Where Can You Find Ant Bicycles?

Cities

Neighborhoods

Schools

Local Communities 

Innovative Personal Mobility. Anytime. Anywhere.

Coverage Scaling

Ant Bicycle collects the locations of all current bicycle racks and provides guidance to riders.

We can increase coverage as municipalities install new racks, even portable ones, to meet demand during peak seasons

Rider-friendly Experience

Users can use the app to scan a QR code or swipe an RFID card to unlock and ride. After they finish the ride, simply manually lock the bicycle at the end of a trip at any public or private bicycle park.

Intelligent Bicycle Management

Ant Bicycle remotely controlled all bicycles. We using artificial intelligence for remotely control and big data for back-stage management.

Rider-friendly Experience

The Electric Ant  2.0

Electric Power Assistant Wheel  

We are solving problems with technology. We believe bike-sharing is a good concept, adding in the electronic element in it made the idea more profound. Imagine breezing by cars stuck in traffic on your way to work, without even breaking a sweat. Thats the power of an e-assist vehicle.


A key element of our electric power assistant wheel (EPA Wheel):

  • According to The Registry of Motor Vehicles Driver's Manual of Massachusetts, mopeds are restricted to a top speed capability of 30 miles per hour on level ground, and a top speed of 25 miles per hour. Therefore we set the EPA Wheel's top speed to 25 miles/hour.
  • We monitor the battery status of the e-bikes in real time. Through receiving the message from the built-in chip of smart lock, a fleet manager is able to monitor bikes' status in real time and would be notified at the terminal platform when the bike is undercharged.

Li-ion Battery
350 W 36V, 115 Wh
Battery Type
 LG/ Panasonic (swappable)
Range
25 Miles (capacity of 30 miles)
Charging Time
1.5 Hour
Torque
30Nm
Power
35000 W
Cycles
1000 cycles
weight
15lbs. (wheel)
Connectivity
USB, Bluetooth Low Energy
Material
Aviation Aluminum

Ant Bicycle 2.0, an E-Bike Unlike Any Other 

1.  Electronic assist makes pedaling effortless. Uphill, traffic jams, long distances... E-assist makes cycling easy and fun in all kind of circumstances.

2.  Run out of battery? No problem! Normal pedaling this e-bike is perfectly fine.

3.  No resistance, low additional weight. The wheels were designed to be as lightweight as the normal wheels. 


Let's look into the details:

Low Additional Weight

Charge Your Phone While Cycling

Images are computer generated, actual product may vary.

Road Map

Our Market and Industry

https://nacto.org/bike-share-statistics-2016/

According to the National Association of City Transportation Officials, there are currently 55  bike share programs in the U.S. cities and over 88 million trips taken in the U.S. since 2010. In 2016 alone, riders took over 28 million trips. As cities and towns around the country focus on sustainability, bike share systems can play an important role to increase usage of public transportation and cycling.  


Growing from only four systems in 2010, there was more than 55 system in 2016 (National Association of City Transportation Officials). With fierce competition, providers with efficient end elegant solutions will win out against industry laggards. As solutions help to carry people longer distances with less effort, they will be expanded into tertiary markets as well.

Our Business Channels

B2C

We proactively work with cities to mass our coverage. This low-cost alternative provides citizens with better transportation tool with zero emission and reaches their last mile. Providing bike-sharing service to citizens to make travelling smart and fun for everyone.

B2(B2C)

Corporations with CSR goals for zero-emission or with a culture that promotes efficient working environment needs bicycle-sharing around their office. We partner with these companies over different states to provide the best quality of service.

B2B

We not only provide service directly to the end users, we also partner with organizations who want to promote a green lifestyle and provide better tools for their participants. We will cooperate with school campus, residential, and commercial properties.

Smart Transit Guerrilla Advertising

Out-door advertisement

Our bicycles are highly visible, with hundreds to thousands of impressions daily on just one bike. We believe advertisers can achieve great ROI on their CPM by aligning with an Ant Bicycle ad campaign.

Notification advertisements

Push notification ads enable advertisers to target specific types of users. Variety of ad formats can be tailored to engage with users in an impactful and meaningful way.

In-App Advertisement

Our in-app advertisement can bring an advertiser and target audience together. With our backend data, advertisers are able to reach their target demographics customers.

Images are computer generated, actual product may vary.

The Next Generation - Ant Scooter 1.0

Image is computer generated, actual product may vary.

Ant Scooter 1.0- The Electronic Scooter

Our fleet is constantly evolving and adapting to the urban transportation environment.  That's why in 2019 we are introducing the Ant Scooter. Also a dockless system, it gives users a unique, fun, and convenient way of getting around town. The scooter can be ridden whether charged or with a depleted battery. 

What Makes Us Different?

The anti-theft lock! Protecting scooters from theft and vandalism is a major barrier to entry within the marketplace and a top concern too. Our scooters are designed with built-in tech that "bricks" them unless unlocked using our app.


Currently, we expect to launch our scooter in April 2019. Beta tests will begin in Q4 2018.

Local Market Analysis

Ant Scooter: The Problem Solver

Common Problems in Smart Mobility Industry

Lost & Damaged Bikes     Government Relationship          Bike Maintenance

Our Solution

Establish an electric scooter parking partnership with parking lot by installing charging docks. At the end of the trip, users can park the scooter at the charging dock or park it anywhere they want. 


Users who park at the docks with be rewarded with in-app credits for their next usage.

Some Specs About our Future Ant Scooter

Images are computer generated, actual product may vary.

Safety Guarantee: Smart Lock

Next Step

Scooter Economics

Image is computer generated, actual product may vary.

In the Press

The Summer Of Our Dockless-Bike Discontent
July 24, 2018

The idea behind Ant Bicycle is simple, even elegant: download the app; use it to unlock a bike; and ride to your heart's content, for the low price of a buck an hour.

Bike Share Battle Brewing In Boston Area
March 18, 2018

There’s a new kid on the bike block, a local startup called Ant Bicycle. With a swipe of your phone, the Ant bike unlocks, and you’re off. That means, unlike Blue Bikes where you have to pick up and drop off at a docking station, Ant bikes can be left pretty much wherever you want, dockless.

A Bike-share Border War has Started in Boston
March 16, 2018

Ant is one of a growing number of the dockless bike companies, which offer an alternative to traditional public cycling systems like Blue Bikes (formerly Hubway).

LYNN IS WORKING TO BRING A BIKE SHARE PROGRAM TO THE CITY. HERE’S HOW IT WORKS.
February 28, 2018

Ant Bicycle, the bike sharing program that launched late last year in Swampscott, made its case to the City Council Tuesday night. The panel has given initial approval to the Cambridge-based company for a pilot program.

In Swampscott, Ant Bicycle Pilots Bike-sharing Program
March 6, 2018

The program, managed and operated by Ant Bicycle, offers people who live, work and play in Swampscott an affordable, alternative and green mode of transportation: Pedaling around town on two wheels.

Ciclovia Returns in Lawrence
July 22, 2018

A new partnership with Ant Bicycle, a high-tech dock-less bicycle share system based in Cambridge, will make bikes available for people to try out, as the city looks to assess residents’ interest in a bike share program in the Lawrence community.

Wellesley Could Soon be Crawling with Ant Bikes
July 23, 2018

Wellesley wasn’t among the more than dozen communities selected to take part in a dockless bike rental system involving the Metropolitan Area Planning Council, but such bicycles have nonetheless started to roll into town.

蚂蚁单车借力区块链 革新共享服务
June 29, 2018

The competitive bike-sharing companies are racing to reinvent their business models and compete for market share. Among them, Ant Bicycle, has introduced the current hot block chain into its business model, becoming the first block chain sharing bicycle in the United States.

Ipswich starts trial bike-rental program
September 5, 2018

The Select Board unanimously approved an Ant Bicycle dockless, test bike rental program in town earlier this month and the bikes and their racks are scattered throughout downtown including the Hall-Haskell House and Town Hall.

Boston bike-shares: A guide to the rides in the city and its surrounding region
August 2, 2018

As with other dockless bikes, they are unlocked using a mobile app. The company has a “parking mode” app to recommend spots for riders to leave the bikes when done with them; and Ant encourages its users to park them where they’d normally park any bike.

They’re here! Rental bikes placed around Ipswich
September 4, 2018

According to the Ant Bicycle app, 11 bikes are available in Ipswich. The app says they can be found at the library, the Hall-Haskell House, the train station, Market Street, and Brown Square.

Offering Summary

Irregular Use of Proceeds

The Company's might incur an irregular Use of Proceeds. This could happen as a result of slow, or failure, by the Company to raise the maximum amount of capital to fund the operations planned. The Company expects to generate enough revenue to provide for adequate payroll, rent, and other operating expenses; however, no assurance can be made that might happen. If so, the Company would be forced to use the funds from the capital raise to maintain and pay fixed costs.

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Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

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