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Magic Lane

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December 5, 2023
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Magic Lane

Map, Location & Navigation platform and technology to enable EV, micro mobility use cases for a safer, healtier,cleaner and more efficient journey

Achievement

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Founded in

2022

Country

Netherlands

Province

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Industry

Mobility, Saas, Security, Logistics, Energy, AI/ML, Climate, Industry, Productivity

SDGs

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Patent information

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Team

Number of founders

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Number of employees

Founder backgrounds

Exit experience

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Relevant industry experience

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Previous startup experience

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Female founder

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EUR / Erasmus MC or TUDelft relation

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Graduation year from EUR, Erasmus MC or TUDelft

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In the news

Investment details

Amount raising

1500000

Ownership founders

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Lead investor

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Current investors

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Intended closing date

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Fundraising status

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Already committed

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Revenue Metrics

Monthly revenue

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Monthly growth

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Paying customers

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Monthly active users

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Magic Lane

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Website
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December 5, 2023
Data is self reported

Magic Lane

Map, Location & Navigation platform and technology to enable EV, micro mobility use cases for a safer, healtier,cleaner and more efficient journey

Achievement

Grew users/devices (licenses) within existing and new customer base (Euro 130k last year, this year 750k expected) for EV, micro mobility and special vehicles. While building the tech and the organisation on our own funds, we figured out our sweetspot, ICP's and are ready to scale, hence the reach out to capital and (sales/mkt) knowledge to do so

Founded in

2022

Country

Netherlands

Province

Noord-Holland

Industry

Mobility, Saas, Security, Logistics, Energy, AI/ML, Climate, Industry, Productivity

SDGs

Good health and well-being (SDG #3), Affordable and clean energy (SDG #7), "Industry, innovation and infrastructure (SDG #9)", Sustainable cities and communities (SDG #11), Climate action (SDG #13)

Patent information

Also due to the nature of our highly academic dev team (50 FTE) we are continously evaluating this option

Team

Number of founders

2

Number of employees

Founder backgrounds

Exit experience

Yes

Relevant industry experience

Yes

Previous startup experience

Yes

Female founder

No

EUR / Erasmus MC or TUDelft relation

EUR EMC TUDelft

Graduation year from EUR, Erasmus MC or TUDelft

1996

In the news

Investment details

Amount raising

1500000

Ownership founders

100% owned by founders

Lead investor

No

Current investors

Magic Lane is fully funded by the founders

Intended closing date

Q1 next year

Fundraising status

Already committed

500000

Revenue Metrics

Monthly revenue

€20K - €40K

Monthly growth

>16%

Paying customers

9

Monthly active users

20000

Magic Lane

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Map, Location & Navigation platform and technology to enable EV, micro mobility use cases for a safer, healtier,cleaner and more efficient journey
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(Data is self reported)

FINANCIAL PERFORMANCE

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INVESTMENTS

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When are you aiming to close this round?
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TEAM

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Is there a founder with previous co-founder / c-level at startup experience?
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Is there a founder with previous Sector Experience?
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Is there a founder with previous Exit Experience?
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Is there a women founder with at least 5% of the shares?
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Is there a founder with a EUR / Erasmus MC or TUDelft relation?
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Graduation year from EUR, Erasmus MC or TUDelft
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OTHER

Year founded
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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
€20K - €40K
Growth rate month over month
>16%
Monthly revenue context
One time fees, license fees, (annual) maintenance cost (AMC)
Number of paying customers
9
Monthly active users
20000

INVESTMENTS

Do you have a lead investor?
No
How much have you raised in the past?
Magic Lane is fully funded by the founders
How much of this round already committed?
500000
When are you aiming to close this round?
Q1 next year

TEAM

How much time do the founders spend on the business?
100%
Is there a founder with previous co-founder / c-level at startup experience?
Yes
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
Yes
What percentage of company is owned by founders?
100% owned by founders
Is there a women founder with at least 5% of the shares?
No
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
Founder graduated from TU Delft, EUR or Erasmus MC
Graduation year from EUR, Erasmus MC or TUDelft
1996

OTHER

Year founded
2022
Patent status
Also due to the nature of our highly academic dev team (50 FTE) we are continously evaluating this option

Basic details

Amount raising
1500000
Country
Netherlands
Industry
Mobility, Saas, Security, Logistics, Energy, AI/ML, Climate, Industry, Productivity
Website
https://www.magiclane.com/
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
December 5, 2023

Key Achievements

  • Grew users/devices (licenses) within existing and new customer base (Euro 130k last year, this year 750k expected) for EV, micro mobility and special vehicles. While building the tech and the organisation on our own funds, we figured out our sweetspot, ICP's and are ready to scale, hence the reach out to capital and (sales/mkt) knowledge to do so
  • Did build partnerships to expand in Asia (brimming funnel in this region already through a partner) and just started a partnership with one of the biggest bike OEM's to digitize their e-cycling/rider experience based on our technology.

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