- Security Type
- Sports & Fitness, Consumer Internet, Consumer Products
- Min Investment
- Offering Date
- November 23, 2021
- Expected Close Date
- May 26, 2022
- Amount Raised
- Security Price
Key Deal Facts
The global bicycle market size was valued at over $54B in 2020, with demand continuing to outpace inventory. Raising capital will allow us to rapidly expand production, and in turn, will open the door for us to supply a greater number of dealers than we've been able to thus far.
Esker Cycles are built with the state-of-the-art Orion Suspension System, licensed from mountain bike suspension expert and industry veteran Dave Weagle.
Our hybrid DTC/dealer model fuels steady, organic growth, while achieving competitive prices and above-average margins.
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.
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