CHECK CLOSES 2024 WITH A PROFIT.

Amsterdam, February 04, 2025 – Check, the leading shared mobility provider in the Netherlands, is celebrating a healthy year in 2024, marked by strong profitability of its moped business and a significant expansion in market share. With 2024 behind us, the company is ready to accelerate into the new year with solid momentum.

Financial success with better-than-market profit margins
In 2024, Check recorded revenue just shy of €18 million, reflecting the growing demand for sustainable transportation solutions in urban environments. The company achieved an EBITDA of €1.8 million (10% margin) and EBIT* of €1.4 million (8% margin), marking a major milestone within its five years of existence. This positive financial performance demonstrates Check’s ability to scale and operate efficiently in the competitive shared mobility space. After a challenging 2023, with external factors such as helmet regulations, economic recession and bad weather, resilience was shown in 2024 where improved margins led to a fruitful summer period.

Strong growth in cars, doubling car fleet
Building on its success with mopeds, Check now has 5000 mopeds in circulation. Additionally, the company has made significant strides in expanding its car fleet, increasing from just 10 vehicles to 50 electric shared cars in Amsterdam, which are now close to breaking even. A further doubling of the cars fleet to 100+ cars is aimed for in Q1/Q2 2025. This growth in fleet diversity and scale reflects Check’s commitment to offering a wide range of options for city commuters while ensuring sustainable business operations.

Clear market leader in the moped business at 75% market share
Check’s strong growth is also evident in its market share. The company’s share of the share moped market grew from 58% to approximately 75%** by the end of 2024. This expansion positions Check as the dominant player in the Dutch shared mobility sector, demonstrating the growing trust that riders have in the platform.

1 out of 3 trips start or end at public transportation
In terms of usage, Check’s services were in high demand throughout 2024. The company facilitated over 4.2 million rides and collectively drove 12.2 million kilometers - almost enough to circle the Earth every single day! One in three of these trips either started or ended at a public transportation station, underscoring the seamless integration of Check’s fleet with the public transportation network.

Commitment to cities, backed by users
Customer feedback has been overwhelmingly positive, with 96% of the 1.4 million parking ratings submitted by users receiving a favourable review. This demonstrates Check’s ongoing commitment to ensuring that its fleet is not only easy to use but also respects the city’s infrastructure and spaces.

Looking ahead to 2025
With a solid foundation in place, Check is poised for continued success in 2025. The company plans to continue its growth, updating the quality of the fleet and expanding its shared car offering as well as piloting shared e-bikes to meet the needs of the modern urban commuter. As shared mobility continues to play a crucial role in sustainable transportation, Check is leading the charge with innovative technical solutions and a clear focus on customer satisfaction.

“2024 was a year of tremendous growth for Check, and we are proud of what we’ve achieved,” said Marco Knitel, Co-Founder and Director of Check. “We’ve not only expanded our market share but also ensured that our operations are profitable and sustainable. As we look ahead to 2025, we’re excited to continue serving our community and providing the mobility solutions of the future.”

Contact press@ridecheck.app for more information or visit our website www.ridecheck.app.

* All figures in this report are preliminary and unaudited
**  Srideource: Fluctuo, based on cities where Check is active