Cibox Reports Revenue of 14.7 Million Euros in 2025
French electric micro-mobility manufacturer Cibox has announced an annual revenue of 14.7 million euros for the fiscal year 2025, marking a 50% increase from 2024, according to the company's press release.
Significant Business Acceleration in the Second Half of 2025
According to the company, the fiscal year 2025 was characterized by a significant acceleration of activity in the second half, with revenues reaching 10.4 million euros during this period, an 86% increase compared to the second half of 2024. The first half, however, saw moderate growth, amid the transition of operations to the new industrial site in Revin. The company notes that this site, which opened in spring 2025, gradually increased its production to exceed 5,000 electric-assist bicycles in the last month of the year. Overall, the sales for the year totaled 24,000 units. The first part of the year was dedicated to executing the industrial and commercial roadmap to prepare for the company's scale-up.
Commercial Advances in 2025
The group highlights several commercial advancements made in 2025. The share of electric-assist bicycles in total revenue increased to 80% from 50% in 2024, supported by the opening of the Revin site. Digital channels, including the Yeep.me website and online marketplaces, consolidated sales of 3.8 million euros for the year. The company also noted a strong acceleration internationally, with revenues exceeding 10 million euros, nearly five times more than in 2024, accounting for 70% of the annual total. This growth was driven by Germany, Belgium, Italy, and the Netherlands. At the end of 2025, Cibox also launched storage, order processing, repair, and refurbishment services for third-party brands at the Revin 3R workshop, intended to provide an additional source of revenue.
Capital Increases to Strengthen Equity and Fund Operations
To strengthen its equity and partially finance its working capital needs, the company carried out two capital increases in November 2025, raising 5.6 million euros dedicated to securing supplies and building a buffer stock, according to the press release. An additional fundraising through a bond issue via Lita.co, capped at 2.0 million euros, was launched at the end of 2025 and will close on January 28, 2026, aimed at funding new investments related to the ramp-up in production. The group indicates that the search for additional financing solutions could be undertaken in light of growth prospects and associated working capital needs. For 2026, Cibox aims to produce 50,000 bicycles, more than doubling the volumes compared to 2025, while aiming for improved results.
