Though it may be a new name to many at just three years old, Mango Bikes has told BikeBiz that it has just surpassed £1 million in sales.
The firm, started by University house mates Ben Harrison and Jezz Skelton, has taken the ‘student bike’ market by storm, attracting investment from former Planet X bods David Hanney and Toby Baxendale, as well as recruiting Brant Richards as a design consultant.
Speaking to BikeBiz at Spin London, Harrison said: “We’re two years in now and have 13 staff handling our orders, marketing the brand and helping out. So far we’ve seen a bike of ours gonged BikeRadar’s best value urban bike, but that’s not to say we’re not exploring potential higher up. In the pipeline at the moment we’ve our first full carbon frameset due July, which will sell at £800, as well as potential to develop folding bikes and more.”
With a sub-£1,000 focus, the brand has a catalogue of standard and customisable fixed, road and commuter bikes, starting from as little as £229.
As well as pointing to an ambitious forecast to treble turnover in the near future, the pair are already considering other avenues for selling the Mango brand.
“We’re looking at rolling out an own-brand store next year,” concludes Harrison.