$3.9bn - Carbon Bike Sales 2023 (780,000 carbon bikes sold globally)
8% - Industry Growth annually
4.6 million* - Carbon bicycles in active use (*Bicycles up to 6 years old)
25% - require inspection, repair, restoration or will have concerns regarding a mark / fracture or incident or performance issue
£480 - Average repair cost
£300m - Total potential revenue if only capturing 50% of current market share
£50m - Potential Future YOY revenue
Repairobotics vision is to delpoy automated systems into cycle shops globally to meet market demand for repair of carbon bikes without the need for highly skilled technicians.
The strategic approach will split into 4 Phases:
Status: Complete
Build Proof of concept system
Create digital 'bike-bank' for futureproofing repirs and reducing cycle times
Build process parameters and make real-world repairs
Status: In progress
Build Pilot system and Regional Hub
Create 3D scanning and Software automation solution
Optimise process parameters and make real-world repairs
Roll out Partner program
Engage Manufacturers and Insurance Brokers
Status: Not Started
Build scale systems
Deploy into strategic partner sites in UK
Franchise into USA EMEA
Status: Not Started
Build scale systems into new market verticals
Aerospace, Space, Automotive, Motorsport, Sport, Marine, Renewables
'If its Carbon it can be repaired'
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