What is Cycles 128?
Cycles 128 is a distinguished Powersports dealership based in Beverly, Massachusetts, with a legacy spanning over five decades. The family-owned enterprise specializes in the sale of new and pre-owned motorcycles, jet skis, trailers, and power equipment, featuring a comprehensive inventory from leading brands such as Honda, Yamaha, and Ducati. Catering to a diverse clientele, from recreational enthusiasts to commercial users, Cycles 128 also provides essential services including maintenance and financing solutions. Their extensive selection, boasting over 700 certified pre-owned vehicles, positions them as a premier destination for Powersports equipment.
How much funding has Cycles 128 raised?
Cycles 128 has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Cycles 128?
The recent major strategic investment into Cycles 128 signals a pivotal phase for the company, likely enabling significant expansion and operational enhancements. Given the large-scale, late-stage nature of its funding context, Cycles 128 is poised to leverage this capital for market consolidation, technological advancements, or broadening its product and service offerings. This strategic backing is expected to fuel further growth and solidify its competitive advantage within the Powersports sector, potentially leading to increased market share and enhanced customer engagement.
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