Mobility startup Tyred raises £2.5m led by Raw Ventures and Ada Ventures
This article covers Tyred, a London-based mobility startup, which has raised £2.5m in a seed funding round led by Raw Ventures and Ada Ventures to build an AI-powered bike ownership platform. The development aims to support urban cyclists and fleet operators by bundling predictive maintenance, insurance, warranties and finance to reduce downtime and improve reliability for micromobility services.
Tyred, a London-based mobility startup, has raised £2.5m in a seed funding round led by Raw Ventures and Ada Ventures to build an AI-powered bike ownership platform that bundles predictive maintenance, insurance, warranties and finance. The deal matters because it targets a persistent pain point for urban cyclists and fleet operators: fixing problems only after they cause failures, which undermines reliability and the business case for micromobility services.
Why it matters
Urban cycling and shared micromobility depend on predictable vehicle availability. Tyred’s pitch is that preventative maintenance can keep bikes and e-bikes on the road longer, reducing downtime and customer complaints. That matters both for operators running large fleets and for individual owners tired of discovering worn brakes the hard way.
The company says it has built credibility through operational scale: it has serviced more than 100,000 bicycles over the past year and maintains roughly 50,000 Lime bikes across London, a claim it couches with a caveat that it has not disclosed the exact fleet size and third-party estimates vary. The funding will be used to develop the sensors, AI models and platform integrations needed to act on that operational data.
Inside the product
Tyred combines sensors, internet of things hardware and operational datasets to predict component wear and failure before it happens. The company describes use cases including alerts that a battery is degrading days before it fails, allowing fleets to swap units proactively rather than reacting to rider reports.
Beyond alerts, Tyred aims to unify the ownership experience by packaging servicing, insurance, warranties and finance into a single dashboard. The startup says its dataset — drawn from large-scale servicing work and shared fleet maintenance — underpins its predictive models, though independent verification of the dataset size remains limited.
Who are the investors?
The £2.5m seed round was led by London-based venture capital firms Raw Ventures and Ada Ventures, with participation from angel investors including Anton Buzdalin, who previously led the pre-seed round of London proptech startup Dwelly. Tyred says the capital will fund new engineering hires, continued product development and an expansion of the platform across the UK ahead of a planned European push.
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Founder perspective
In the announcement, Lancelot Hoare, co-founder and CEO at Tyred, said:
We’re changing that by bringing every aspect of ownership together into one connected platform. By combining real-time data with predictive technology, we can help riders solve problems before they happen and make cycling simpler, smarter and more reliable,
In the announcement, Daniel Bursztynski, co-founder and chief technology officer at Tyred, said:
This investment gives us the opportunity to build the technology that underpins the next generation of cycling, helping riders and fleets keep more bikes on the road while creating a better ownership experience for everyone,
In the announcement, Nikita Baranov, co-founder and chief operating officer at Tyred, said:
For cycling to keep growing, riders and fleet operators need the same level of reliability, service and support that already exists in other forms of transport. That means moving away from reactive repairs and fragmented ownership services towards a more connected, preventative model,
The bigger picture
Tyred joins a crowded field of companies tackling pieces of bike ownership. London insurtech Laka has raised tens of millions to rethink bicycle insurance using real-time risk modelling, while Zoomo has raised large sums to build e-bike fleets and operator software. Those firms illustrate an important dynamic: some companies focus on one part of the value chain, such as insurance or fleet logistics, while Tyred is positioning itself as a bundler of services across ownership.
Market research underlines the scale of the opportunity: Grand View Research estimated the global bicycle-sharing market at $9.26bn in 2024, projecting growth to $16.44bn by 2030. Wider smart mobility markets are substantially larger, with multiple firms forecasting $250bn to $340bn by the mid-2030s. The deal reflects growing interest from mobility investors in startups that combine hardware, software and operational data to improve reliability and unit economics.
Tyred’s next challenge will be turning predictive insights into reliable, repeatable savings for operators and an easy ownership experience for riders — a practical test of whether bundled platforms can outperform single-solution providers.
The funding and the company’s UK operational footprint underscore continued investor appetite for micromobility infrastructure in the UK and a pipeline of startups aiming to be the operating systems behind urban cycling as it becomes core transport rather than a leisure option.
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