What is Pete's Cycle?
Pete's Cycle Co. Inc. is a venerable, family-owned powersports dealership based in Baltimore, Maryland, boasting over 85 years of dedicated service to the local riding community. The company offers an extensive selection of new and pre-owned powersports vehicles, including motorcycles, ATVs, and personal watercraft. Complementing its vehicle sales, Pete's Cycle provides genuine OEM parts, accessories, financing solutions, and expert repair services, ensuring customers receive comprehensive support for their powersports needs. Their commitment extends to both novice riders and experienced enthusiasts, solidifying their reputation for exceptional service and product availability.
How much funding has Pete's Cycle raised?
Pete's Cycle has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Pete's Cycle?
The recent strategic investment, alongside the company's substantial total funding, positions Pete's Cycle for continued expansion and operational enhancement. Given the 'large-scale late-stage funding' context, the company is likely focused on scaling its operations, potentially through expanding its retail footprint, enhancing its online presence, or investing in new technologies to improve customer experience and service delivery. This capital infusion will be crucial in navigating the competitive powersports landscape and reinforcing its long-standing market position.
See full Pete's Cycle company page
