Company Announcement No. 23 - 2025
This announcement contains inside information
Donkey Republic has been awarded a long-term contract by the Regionalverband Ruhr to operate an ambitious bike-sharing system comprising 5,766 bicycles across the Ruhr region in Germany. The contract has a duration of approximately five years and is anticipated to generate around DKK 150 million in revenue over the contract period, including fixed contract payments, B2B revenue, and rider revenue.
The Ruhr region is a polycentric and closely networked region in Germany. With this contract award, Donkey Republic significantly strengthens its position in the German market by expanding its portfolio to include the Ruhr region, alongside its existing bike-sharing systems in Hannover and the Kiel Region, as well as the recently secured Düsseldorf project.
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.
CEO Thor Möger Pedersen comments:
"The Ruhr project represents a significant step for Donkey Republic and serves as an important growth lever in our strategically important German market. We look forward to rolling out and operating the new bike-sharing system in close partnership with our new stakeholders and to improving green urban mobility in cities such as Dortmund, Bochum, Duisburg, Essen and Lünen."
The awarded contract marks a key milestone in Donkey Republic's progress 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: Approx. 5 years
- Expected revenue: Approx. DKK 150 million
- Launch: Q2 2026
- Fleet size: 5,766 bikes
- Contracting authority: Regionalverband Ruhr
CONTACT INFORMATION
DonkeyRepublic Holding A/S
Skelbækgade 4, trappe B, 4. sal.
1717 København V
www.invest.donkey.bike
Thor Möger Pedersen, CEO
investor@donkeyrepublic.com
Certified Adviser
HC Andersen Capital
ca@hcandersencapital.dk
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About Donkey Republic
Founded in 2014, Donkey Republic is a Danish purpose driven impact company active in the micro mobility industry. Donkey Republic provides a flexible, affordable and more sustainable way of transportation to the citizens by partnering with the cities.
Donkey Republic is a data driven technology company facilitating bike sharing, and we are able to provide cities and citizens a reliable bike sharing service. Sustainably at its core integrates with the city's public transportation system, by pursuing innovation Donkey Republic develops end-to-end products and services that solve city and riders problems. Riders are able to enjoy a more convenient and high quality ride, with our bike and ebike fleet, designed for durability and optimal maintenance through our servicing software platform. This collaborative dedicated software solution together with our bikes, seeks to improve people's health & well-being, the environment, reducing traffic congestion across cities as well as public space optimisation.
Donkey Republic is a publicly traded company listed on the Nasdaq First North Growth Market. The company was listed in 2021 to onboard investors and support its growth and expansion into the European Market, and to continue securing its foothold and developing its market position in the European Micro mobility space. With thousands of Donkey bikes successfully implemented, Donkey Republic aims to grow its business and fulfill its vision of making urban city life quality better through responsible bike sharing.