Q2 confirms scalable momentum

Northwind Mobility closed Q2 2026 with faster revenue growth, a larger subscriber base, lower churn and improving fleet utilization.

02 KPI overview

Core KPIs moved in the right direction

€8.4M
Revenue, up 21% versus Q1.
38.2k
Active subscribers, up 14%.
3.1%
Churn, down from 3.8%.
76%
Fleet utilization across markets.
02 / 09
03 Regional performance

All regions contributed, Copenhagen accelerated fastest

RegionRevenueQoQReadout
Berlin€3.1M+18%Largest revenue base
Amsterdam€2.2M+31%Strong scale-up market
Paris€1.9M+9%Regulation-sensitive
Copenhagen€1.2M+44%Fastest growth
03 / 09
04 Revenue mix

Revenue mix is anchored by Berlin

Berlin
€3.1M
Amsterdam
€2.2M
Paris
€1.9M
Copenhagen
€1.2M
04 / 09
05 H2 priorities

H2 depends on three scalable bets

Cargo tier

Launch in September

Beta in July tests pricing, operations and demand before full release.

Corporate fleets

Pilots are signed

Two DAX companies create a credible route into enterprise demand.

Maintenance

Costs can fall

Predictive rollout targets an estimated 12% workshop cost reduction.

05 / 09
06 Cargo tier
Product expansion

The cargo-bike tier turns household logistics into a premium subscription use case, with the July beta de-risking a September launch.

06 / 09
07 Enterprise and margin

Partnerships and maintenance improve resilience

Demand channel

Corporate fleets reduce acquisition friction

October rollout converts two DAX pilots into a repeatable enterprise motion.

Cost base

Predictive maintenance protects unit economics

December go-live targets 12% lower workshop costs at scale.

07 / 09
08 Risk control

Execution risks are visible and manageable

− Risk

Battery lead times doubled

6 to 11 weeks requires allocation discipline before cargo launch.

+ Action

Lock suppliers and prioritize launch markets.

− Risk

Paris regulation is pending

Slow growth could worsen if new rules restrict operations.

+ Action

Prepare compliance and scenario triggers.

− Risk

Insurance costs rose 9%

Claims economics need sharper fleet and rider controls.

+ Action

Use maintenance data in renewal talks.

08 / 09
09 H2 roadmap

H2 turns momentum into controlled expansion

MonthMilestoneBoard focus
JulyCargo-bike betaValidate demand and operations
SeptemberCargo tier launchApprove launch readiness
OctoberPartnership rolloutConvert DAX pilots
DecemberMaintenance liveCapture cost reduction
09 / 09
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