Summary
E Rides is an electric bike and scooter hire / rental business established by Tiller Rides Pty Ltd at E Shed Markets for visitors of Fremantle to take them on the ferry to Rottnest Island.
Revenue
$10,000 pm
Rent
$1,200 pm
Expenses
$6,000 pm
Net Profit
$2,800 pm
Location Details
1 Peter Hughes Dr
Our main office is located within E Shed Markets, behind the food court. The eBikes and scooters are rented from the front bie rack on the North side of E Shed.
Potential
As well as expanding to more Roadster eBikes and eScooters at E Shed, there is an opportunity to expand to Hillaries for the Fast Ferries and we're alteady eperimenting with a partner up there.
Skills
Ideally the new owner will have experience servicing eBikes and eScooters, as well as being willing to managing the booking platform and any customer change requests.
Hours
Thursday through to Monday (Tuesday and Wednesday day off), as early as 7am and as late as 7pm.
Lease
Two monthly rolling indoor leases at E Shed and a storage facility in South Fremantle which we aim to get rid of soon.
Employees
Joshua Portlock - CEO Managein Director
Carol Wallbank - Non-Exective Director Chair
Bryan Adams - Operations Manager
Matt Sims - Service Technicins
Reason for Sale
Electro Ventures invested in Tiller Rides Pty Ltd to help it out of administration. It has since been helping manage E Rides over the last year to pivot into a shared economy. We have now succesfilly turned the company around, so we're wanting to sell it for someone else to run as their own small business.
About the Business
E Rides is the sustainable micromobility hire business of Tiller Rides Pty Ltd. We specialize in sharing the Roadster eBikes and RoudRunner seated eScooters with people to take on the ferry over to Rottnest Island.
History
E Rides was established as a new dedicated rental feel management division of Tiller Rides Pty Ltd in 2023. Tiller Rides Pty Ltd was originally incorporated on the 23 May 2017 and had raised over $5m in equity crowdfunding over two rounds. At the time Tiller was the most succefull campains and the team designed an amazingly durable and comfortable eBike, the Roadster.
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