Donkey Republic Awarded Long-Term Contract to Operate 2,500-Bike Sharing System in Düsseldorf, Germany
Company Announcement No. 22 - 2025
This announcement contains inside information
Connected Mobility Düsseldorf, on behalf of the City of Düsseldorf, has awarded Donkey Republic a long-term contract to operate a bike-sharing system comprising 2,500 bicycles in the city of Düsseldorf, Germany. The contract has a duration of five years, with an option to extend, and is expected to generate approximately DKK 90 million in revenue over the contract period, including fixed payments and rider revenue.
The contract award aligns with Donkey Republic's strategy "Ride and do well", launched in Q3 2025, and supports the company's ambition to become the most trusted micromobility partner for European cities. The Düsseldorf bike-sharing system is also expected to contribute positively to Donkey Republic's profitable growth.
CEO Thor Möger Pedersen comments:
"The entire team is excited to roll out the Düsseldorf project and support greener urban mobility for the city's residents. We bring extensive experience and a high-quality bike fleet, and we look forward to collaborating with Connected Mobility Düsseldorf to integrate bike sharing into everyday life. This project represents an important milestone for our future business performance and further strengthens our position in the German market."
The awarded contract contributes to Donkey Republic's journey toward its mid-term ambition of operating a fleet of 30,000-35,000 units and achieving revenue of DKK 220-270 million by the end of 2027. Following the contract award, the company will proceed with securing financing for fleet investments and is currently in advanced discussions with investors and lenders.
Contract highlights
- Duration: 5 years (with extension option)
- Expected contract value: Approx. DKK 90 million
- Launch: Expected in Q3 2026
- Fleet size: 2,500 bikes
- Contracting authority: Connected Mobility Düsseldorf