Cibox Doubles Its Revenue to €10.7M and Aims for 50,000 Bicycles by 2026
CIBOX, a French manufacturer of electric micro-mobility products, has seen its revenue for the first half double to €10.7M from €4.1M a year earlier, driven by the ramp-up of its Revin factory opened in 2025. This spectacular acceleration of production (28,000 bicycles assembled in H1, 23,000 sold) confirms the ambition to exceed 50,000 units for the year. However, the group acknowledges facing major daily challenges: supply tensions, saturated logistical flows, recruitment, and financing working capital needs.
Rapid Production Pace, but Staffing and Supply Under Strain
CIBOX produced 28,000 bicycles during the first half of 2026, including 6,200 in June alone on a single production line. These assembled units have already surpassed the total volume achieved in 2025, illustrating the scale jump made in less than a year after the opening of the Revin factory. Production activity now accounts for 80% of the group's revenue, marking the transformation of the business model towards integrated manufacturing.
In parallel, 23,000 bicycles were sold, creating a buffer stock of 5,000 units intended to cover orders scheduled at the start of the second half. A second production line was launched in June with an ongoing recruitment plan for 40 people. The group indicates that this acceleration comes with 'daily challenges' related to supply, logistical flows, recruitment, and training — pressures that directly impact the financing of working capital needs.
Goal of 50,000 Bicycles in 2026 Confirmed, but Profitability Still Anticipated
The management maintains its goal to exceed 50,000 bicycles produced in 2026, its first full year of factory operation. The pace in June (6,200 units) and activity forecasts suggest an improvement in operating results in the second half, according to the statement.
The group must now stabilize this momentum: permanently consolidating a monthly production level higher than that achieved in June becomes the key marker of progress towards profitability. The challenges for the second half thus focus on the ability to regularly produce beyond this pace, while managing the financing constraints imposed by this growth.
