Cycling District
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Cycling District

Performance-oriented cycling studio powered by gamified tech
Investment overview
Impact category
Green economy
Investment type
Loan
Yearly interest
7.39
%
Term
96
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
A
D
B

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https://goparity.com/projects/cycling-district-487

Description
Impact
Financial viability
Promoter

What will you be financing?

Designed by cyclists, Cycling District is an innovative community cycling project. Cycling District is preparing to open its first studio designed to help individuals unlock their cycling potential, regardless of each person's experience level.

The studio will offer a unique, gamified training experience using advanced technology and real-time metrics allowing significant gains in performance. The promoter will also provide personalized training plans, including options for weight loss, cardiovascular health, performance enhancement, and rehabilitation. 

Cycling District's first location, currently under construction, will open on the 2nd of January 2025 in Oporto, on Alameda das Antas, 120. This campaign aims to finance the acquisition of 35 top-notch static bikes, headwind fans (that adjust the wind speed according to the heart rate frequency of each rider), and functional gym equipment. This equipment is crucial for a seamless and immersive cycling experience and a personalized approach according to member's own preferences and goals.

Focused on community, Cycling District wants to create a safe and immersive environment, free from "traffic and weather" concerns, where people can train individually or in groups. Members can also enjoy a functional gym and a lounge area for socializing and watching cycling events.

Investors in this campaign may enjoy a free trial session and will be invited to the opening event.

What is the impact?

Direct

  • Promote safe sports practice: the cycling studio contributes to increase the safety of sports practice and reducing risks of road traffic accidents and adverse weather conditions, by providing the technology needed to best simulate outdoors cycling inside. And safety measures around cycling are central to the promoter in the planned community events.
  • Promotion of healthy lifestyles and well-being: increased cycling habits contribute to healthier lifestyles, while participation in sport reduces the risks of heart disease, stroke, diabetes and other non-communicable diseases. The studio has an approach focused on health improvement incorporated to the training plans. Also, by integrating groups activities, indoors and outdoors, the promoter wants to build a community around cycling, which contributes to overall wellness.

Indirect

  • Jobs creation: with the opening of the studio, the promoter will hire three new employees until March of 2025.
  • Reduced and efficient resources consumption: the studio will have equipment that enables efficient and reduced water and electricity consumption, associated to an insulated and thermal-efficient building.
  • Contribution for more equal access to sports: Cycling district contributes to improve access to the sports practice by offering smart bikes that allow athletes of different levels to have both individual and group experiences, adapted to their performance and goals. Also, the studio promotes awareness around gender in sports, mainly cycling, in a YouTube channel where they highlight stories of athletes from diverse backgrounds.

Impact indicators

CO2 avoided per year
clean energy
3
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About
Cycling District

Direct

  • Promote safe sports practice: the cycling studio contributes to increase the safety of sports practice and reducing risks of road traffic accidents and adverse weather conditions, by providing the technology needed to best simulate outdoors cycling inside. And safety measures around cycling are central to the promoter in the planned community events.
  • Promotion of healthy lifestyles and well-being: increased cycling habits contribute to healthier lifestyles, while participation in sport reduces the risks of heart disease, stroke, diabetes and other non-communicable diseases. The studio has an approach focused on health improvement incorporated to the training plans. Also, by integrating groups activities, indoors and outdoors, the promoter wants to build a community around cycling, which contributes to overall wellness.

Indirect

  • Jobs creation: with the opening of the studio, the promoter will hire three new employees until March of 2025.
  • Reduced and efficient resources consumption: the studio will have equipment that enables efficient and reduced water and electricity consumption, associated to an insulated and thermal-efficient building.
  • Contribution for more equal access to sports: Cycling district contributes to improve access to the sports practice by offering smart bikes that allow athletes of different levels to have both individual and group experiences, adapted to their performance and goals. Also, the studio promotes awareness around gender in sports, mainly cycling, in a YouTube channel where they highlight stories of athletes from diverse backgrounds.

Promoter website

https://www.cyclingdistrict.com

Team

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Business Model

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