Pedal Me app, Uber style ride app

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frank9755

Found out a bit more about it.

They are not so worried about rain / bad weather. They have essentially plastic bags that they use to keep the cargo dry, and they work ok. And they have an advantage in rain vs motor transport as the roads get snarled up.

They are doing quite a lot of work for pubs and restaurants which should build up into December.
They also do a fair bit of takeaway food delivery, which is a growing market.

I think the valuation is a bit high, but I do like it.

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laner in reply to @frank9755

Still going to be hard to compete agaisnt the big courier companies which have cargo bikes and cheaper rates.

Unfortunately, the amount of companies signed up for Living Wage still uses courier companies who don't pay it shows people tend to only care about the price.

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frank9755 in reply to @laner

Still going to be hard to compete agaisnt the big courier companies which have cargo bikes and cheaper rates.

Yes, that's the challenge. For it to work they need to be able to do bikes better enough than the big guys to compensate for the cheaper wages, scale, etc.

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