Northwind Mobility Q2 2026 review

Revenue reached €8.4M, subscribers grew to 38,200, and we are now poised to capture the cargo and corporate segments in H2.

02 Q2 performance

Strong growth across all core metrics

€8.4M
Revenue, up 21% vs Q1
38.2k
Active subscribers, up 14%
3.1%
Churn, down from 3.8%
76%
Fleet utilization
02 / 09
03 Regional breakdown

Copenhagen leads growth at +44%; Berlin remains the revenue engine

City Revenue QoQ growth
Berlin€3.1M+18%
Amsterdam€2.2M+31%
Paris€1.9M+9%
Copenhagen€1.2M+44%
03 / 09
04 H2 strategic bets
Cargo tier

Launch cargo-bike subscription in September

Beta begins July. Targeting urban logistics and family segments with a new premium tier, expanding our addressable market by an estimated 30%.

Corporate fleets

Roll out corporate fleet partnerships

Two DAX companies signed pilot agreements. Full rollout starts in October, unlocking predictable, high-volume recurring revenue.

Predictive maintenance

Cut workshop costs by 12%

Predictive-maintenance system goes live in December, reducing downtime and repair expenses through real-time fleet diagnostics.

04 / 09
05 H2 delivery roadmap
Jul

Cargo tier beta programme

Soft launch with 200 existing subscribers to validate pricing and logistics.

Sep

Public cargo tier launch

Full marketing push across all four cities, targeting 2,000 new subscribers by year-end.

Oct

Corporate partnership rollout

First two DAX pilots transition to active contracts; pipeline expands to 12 additional enterprises.

Dec

Predictive-maintenance system live

Fleet-wide deployment begins, with estimated 12% reduction in workshop operating costs.

05 / 09
06 Key risks
+

Battery supply lead times doubled to 11 weeks

Supplier bottlenecks are extending delivery cycles. Mitigation: dual-sourcing agreement in progress, target resolution by mid-Q3.

+

Paris regulatory uncertainty

Pending legislation could limit e-bike parking density in central arrondissements. Active engagement with city mobility office underway.

-

Insurance costs up 9%

Premium increase absorbed in current pricing model. No immediate margin impact, but we are renegotiating our fleet policy for 2027.

06 / 09
07 Forward view
H2 guidance

We are on track to exceed €18M in annual revenue, driven by cargo-tier expansion and corporate fleet contracts.

07 / 09
08 Board request

Decisions needed to unlock H2 delivery

  • Approve €1.2M incremental marketing budget for the September cargo-tier launch campaign.
  • Authorise headcount for two enterprise account executives to support the corporate pipeline.
  • Endorse the dual-sourcing battery strategy to de-risk supply chain lead times before Q4.
08 / 09
09 Close
Thank you

Building the backbone of urban mobility

Northwind Mobility Q2 2026 · northwind-mobility.com

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