Introduction Flexbike is an online marketplace that allows individuals to browse, book and have delivered scooters, motorcycles and cars across the island of Bali, Indonesia. The solution consists of a native iOS and Android app that facilitates the entire rental and payment process for consumers and also acts as a complete booking management system for rental companies.

Traction to date Since launching in June 2023, Flexbike has grown to become one of the largest motorcycle rental apps in Southeast Asia. Key numbers: Vehicles currently listed: 1,600 Registered users: 1,700 Registers rental companies: 500 Total transaction volume: $35,000

Alongside Bali, the app also includes all features necessary to cater to the Thai market such as THB currency payments.

Business model Flexbike takes 15% commission from all bookings it facilitates. This percentage is seen as fair by nearly all rental companies and there has been minimal push back. There is additional opportunity to experiment with subscriptions payments from the rental businesses that use the Flexbike software to manage their operations.

Opportunity The Flexbike mobile app has been proven as a valuable proposition, both for consumers, to improve the rental experience and also for rental companies to help them attract more customers and improve the efficiency of their operations.

There is a significant opportunity for a buyer to take this business on and scale it to the next level, either as a stand-alone proposition or as part of another business.

The global motorcycle rental market size currently stands at $11B with a compound annual growth rate of 4.9% meaning it is forecast to reach $16B by 2032*. With Southeast Asia being the epicenter of this growth, Flexbike is poised to take advantage of it.

Company Structure Flexbike, Inc. is incorporated in the USA as a Delaware C-Corporation, the gold standard company structure for technology startups. The company is set up with a Mercury bank account, the current leading banking solution for US tech startups and a virtual mailbox system with a PO box in Delaware.

Tech Stack: Flexbike uses the most modern tack stack, designed to ensure a system that is highly scalable across many more users and countries but also requires minimal effort to maintain. Key elements of this stack are as follows: Frontend: React Native Backend: Firebase Deployment: Expo Payment Processing: Stripe Product Analytics: MixPanel Admin Dashboard: Retool Whatsapp Automations: Wati Push Notifications: Native Notify Web Page: React JS

Deal Structure The deal can be structured either as a stock sale, where you would be buying the Flexbike, Inc. company, or as an asset sale, where you would be acquiring the assets owned by the Flexbike, Inc. company.

A stock sale is optimal if you want to continue running Flexbike as a stand alone company.

An asset sale is optimal if you want to absorb the Flexbike app into your existing company.

Package The package would include: All IP and assets related to the Flexbike product All IP and assets related to an additional R&D project the team launched called Fetcha. Fetcha is an online marketplace for selling second hand goods in London, UK with last mile delivery. The app is live and working on iOS however has not received any traction yet. Support for 1 month post-acquisition to help the buyer understand the business, tech and ensure a smooth transition

** References:** https://www.marketresearchfuture.com/reports/motorcycle-rental-market-28614#:~:text=Global%20Motorcycle%20Rental%20Market%20Overview,(USD%20Billion)%20by%202032.