News and Announcements

Technical prowess in aspirational bicycling market led by new road wheel by

  • Published February 16, 2023 7:06AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates designs, develops, manufactures, and sells high-performance carbon fibre wheels for the luxury and professional cycling markets. wheels reflect cutting-edge engineering and advanced manufacturing for carbon fibre technology. is located in Geelong, Australia, amongst other leading Australian carbon fibre companies.

The global luxury bicycle market is projected to grow at a CAGR of 5-7%, with 210M cyclists in the highly engaged and engaged sector making up’s target market. is raising $3M in preference shares and has raised $2M from existing and new investors. Australian Good Design Awards has awarded with Australian Good Design Awards in both Engineering Design and Sport and Lifestyle categories. Its product performance advisor is Australia’s only Tour de France winner Cadel Evans.

  • Recognised with Australian Good Design Awards in both Engineering Design and Sport and Lifestyle categories
  • Raised $2M
  • Tested by Australia’s only Tour de France winner Cadel Evans,’s product performance advisor
  • Generated presale commitments of more than 360 wheelsets worth $1.8M in revenue

The second-generation product MKII is now in production and shipping to customers. The MKII wheel is the highest-performance wheel in its class regarding physical performance and ride feel.

The funding will enable Partington to support the manufacture scale-up and commence an intensive marketing program to build top-of-funnel awareness and sales. The following are the value accretive milestones:                                                   

  • Recruit additional staff to support sales, marketing, and production
  • Factory to produce MKII wheel at a rate of 1,000 per year by December 23
  • Build brand awareness, and brand recognition and drive sales
  • Achieve 1,000 orders by June 2023

Connect with the company and learn more about Partington Cycles by accessing their deal room here.

Capital Raising Tips
Building Your Capital Raising Brand: Strategies for Success

In today’s competitive business landscape, having a strong brand is essential for successful capital raising. In this video, we’ll share effective strategies for building your capital raising brand and standing out from the crowd. From crafting a compelling brand story to leveraging social media and thought leadership, we’ll cover all the critical elements you need […]

Capital Raising Tips
The 3 Stages of a Buying Decision in Venture Capital Fundraising Explained

Raising venture capital requires careful planning and understanding of the investor’s decision-making process. In this video, we’ll break down the three stages of a buying decision that investors go through when considering a potential investment. From the initial awareness stage to the evaluation and decision-making stage, we’ll help you understand what investors are looking for […]

Capital Raising Tips
Avoid These 10 Common Mistakes That Can Ruin Your Capital Raise

Raising capital can be a challenging process for any business, and there are many pitfalls to avoid. In this video, we’ll highlight ten of the most common mistakes that can ruin your capital raise, and show you how to steer clear of them. From failing to build relationships with investors to presenting a weak value […]

Join over 32,300+ sophisticated investors

Join Now