App/tech business of the week – Cycliq

What? ~ Cycliq makes camera and lighting accessories for cyclists so they can record all the action and capture any incidents that happen on the ride. Capturing number plates in high definition has helped cyclists provide information to the police and insurance companies.

The Fly6 (which looks behind the cyclist) was launched in March 2014, with the Fly12 version (looks in front) due for launch in December this year.

Where ? ~ www.cycliq.com

Who ? ~ Andrew Hagen (CEO) and Kingsley Fiegert (CFO)

Quotations ~ "After Kingsley was shot with an elasticated slingshot from a passing car, we wanted to make the roads safer for everyone while recording all the fun and action of riding your bike by coming up with a HD camera and light combo. Safety while riding is our main concern, however our products have also recorded some amazing videos"  - Andrew Hagen

see https://vimeo.com/cycliq/videos for all the videos.

Market ~ The global sports tech market is $200bn and cycling market is $6bn in the US alone. Cycliq aims to be the ‘GoPro of cycling’ and has full distribution networks throughout the US, UK, Europe, Russia, Japan, Singapore, Taiwan, South Korea, NZ and Australia.  

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Cycliq launched its first product in March 2014 and is currently ranked #42 by launch date on the BNiQ Startups List.  

https://www.businessnews.com.au/Company/Cycliq