Whizz

Whizz rents e-bikes to gig delivery riders in the US under a rent-to-own program: monthly or weekly plans, with a $99 buyout after 12 payments. Plans include GPS tracking, anti-theft protection and maintenance for normal wear and tear.

Customers are delivery riders, mainly on platforms such as DoorDash and Grubhub, who lack traditional financing. Revenue comes from monthly rental payments and buyouts; the company also recruits commission-based partners to sell e-bikes to riders.

The website lists pickup offices in New York, New Jersey, Philadelphia, Washington, DC, San Francisco and Chicago, and says it has 8 locations across the US. The site states 20,000+ riders have joined and it is hiring for sales, field recovery, mechanics and operations roles, including remote customer-service and sales roles in several countries.

Product: Rent-to-own e-bike subscriptions for delivery riders, with GPS tracking, maintenance and a $99 buyout after 12 months.