With the electrification of the global economy, it is no surprise that investors are researching electric bike stocks.
There are four major modes of transportation that have been electrified over the last decade.
This includes cars, motorcycles, scooters, and bikes.
Electric bikes have been extremely popular in the last five years, contributing to the acceleration of the gig economy.
The global electric bike market was last valued at $17.83 billion in 2021, and is expected to grow at a CAGR of 13.5% from 2022 – 2030 (Allied Market Research, 2021).
That is certainly impressive growth, leaving a potential opportunity for investors looking to participate in the upside.
Ultimately, there are many companies that could benefit from the acceleration of electric bikes over the next decade.
Below, we will present the 7 Best Electric Bike Stocks to buy in 2023!
1. Uber (NYSE: UBER)
- Ticker: UBER
- Dividend Yield: N/A
- Market Cap: $63.39 Billion
Uber is a ride hailing, delivery and service company headquartered in San Francisco, California, United States.
They are the largest ride-hailing service in the world by market capitalization.
The company operates in more than 70 countries and has approximately 131 million monthly active users (MAU’s). This translates into more than 24 million trips per day.
Their freight business accounts for approximately 18% of the company’s revenue. Their recent acquisition of Postmates in 2020 for $2.65 billion, accounts for 34% of the company’s revenue.
Uber employs more than 32,800 people and has approximately $32.10 billion in total assets.
In 2022, the company had annual revenues of $31.87 Billion.
2. Lyft (NASDAQ: LYFT)
- Ticker: LYFT
- Dividend Yield: N/A
- Market Cap: $3.84 Billion
Lyft is a ride hailing, delivery, motorized scooter, and electric-bike sharing company headquartered in San Francisco, California, United States.
The company primarily operates in the United States and Canada and has more than 20 million monthly active users (MAU’s). This translates into more than 1 million trips per day.
While their electric bike share program is only available in select cities, it aims to tackle the sustainability challenges of micro mobility transportation.
Lyft employs more than 4,300 people and has approximately $4.55 billion in total assets.
In 2022, the company had annual revenues of $4.09 Billion.
3. Harley Davidson (NYSE: HOG)
- Ticker: HOG
- Dividend Yield: 1.78%
- Market Cap: $5.35 Billion
Harley Davidson is an American motorcycle manufacturer headquartered in Milwaukee, Wisconsin, United States.
They are one of the oldest motorcycle manufacturers in North America.
The company is known for their chopper motorcycle style, which gained prominence in the 1960’s and 1970’s. They market their motorcycle products worldwide, as well as their branded merchandise.
In 2022, they expanded their branded electric bikes into Canada after launching in the EU and the United States.
Their electric products include their Serial 1 electric bicycles, and their two electric motorcycle bikes the LiveWire 1 and the S2 Del Mar.
Harley Davidson employs more than 6,300 people and has approximately $11.49 billion in total assets.
In 2022, the company had annual revenues of $5.75 Billion.
4. Peleton Interactive (NASDAQ: PTON)
- Ticker: PTON
- Dividend Yield: N/A
- Market Cap: $3.31 Billion
Peloton is an exercise and equipment company headquartered in New York City, New York, United States.
The company creates a variety of exercise equipment, primarily stationary bikes, treadmills and indoor rowers. They offer a monthly membership and interactive lessons via an app.
Peloton took off during the pandemic, as the world economy shut down due to the Covid-19 pandemic. When the economy reopened, they faced significant margin compression and a slowdown in growth.
Although they don’t currently offer electric bikes, it could be an avenue that they expand into in the near future.
Peleton employs more than 3,700 people and has approximately $4.02 billion in total assets.
In 2022, the company had annual revenues of $3.58 Billion.
5. Bird Global (NYSE: BRDS)
- Ticker: BRDS
- Dividend Yield: N/A
- Market Cap: $57.48 Million
Bird Global is a micro mobility and electric scoot company headquartered in Miami, Florida, United States.
The company primarily operates a short term rental business for electric scooters in more than 400 cities.
It was founded by Travis VanderZanden, who was the former Chief Operating Officer of Lyft and VP International Growth at Uber.
After its IPO in November 2021, shares are down more than 97% since inception. While the company forecasts growth over the next few years, profitability is a far cry away.
Bird Global employs more than 300 people and has approximately $226 Million in total assets.
In 2022, the company had annual revenues of $245 Million.
6. Niu Technologies (NASDAQ: NIU)
- Ticker: NIU
- Dividend Yield: N/A
- Market Cap: $286.92 Million
Niu Technologies is an electric scooter company headquartered in Beijing, China.
The company is one of the largest electric vehicle fleet manufacturers in China. What separated the company from its competition was through the use of lithium-ion batteries for its electric scooter fleet.
Their products include a portfolio of 8 series electric motorcycles, scooters, bicycles, mopeds, and kick-scooters. It also includes a 24-7 cloud management system for all of their products.
A large majority (98%) of their sales come from China. However, they have sold products throughout North America including Canada and the United States.
Niu Technologies employs more than 700 people and has approximately $383 Million in total assets.
In 2022, the company had annual revenues of $459 Million.
7. Vista Outdoor (NYSE: VSTO)
- Ticker: VSTO
- Dividend Yield: N/A
- Market Cap: $1.49 Billion
Vista Outdoor is a manufacturer and designer of outdoor sports & recreation products headquartered in Anoka, Minnesota, United States.
The company primarily operates in two primary market segments; shooting sports and outdoor products.
In May 2021, Vista Outdoor announced the acquisition of electric bike manufacturer QuietKat. This allowed the company to break into the emerging electric bike space.
Vista Outdoor employs more than 5,800 people and has approximately $2.39 billion in total assets.
In 2022, the company had annual revenues of $3.04 Billion.
Should You Invest In Electric Bike Stocks?
During the 2020 Covid-19 pandemic, there was a lot of built up hype on electrified transportation.
As interest in the gig economy and work-from-home soared, investors began exploring potential upside in stocks tied to the electric bike market.
While interest in electric bike stocks has deteriorated in the last 2 years, there is an underlying case for growth that is likely here to stay.
The electrification of the transportation sector is gradually taking market share in a global economy that is working toward net zero emissions by 2050.
The case for electric bike stocks still remains strong. Therefore, investors should explore their options and keep these stocks on their radar.
Disclosure: The author holds no position mentioned in this article. Freedom Stocks has a disclosure policy.
