Donkey Republic is awarded a contract by the GVH - Grossraum-Verkehr Hannover GmbH. The minimum total contract value is 8.8 million DKK (1.2 million EUR) consisting of 1,000 pedal bikes. In addition, Donkey Republic will collect the rider revenue, potential proceeds from sponsoring deals and other corporate partners.

The contract is a result of executing the company's B2G (business-to-government) driven strategy to secure sustainable long term contracts that support the pursuit of profitable growth. This contract is of strategic importance as Germany is a core focus market and significant future growth driver for the company. With the Hannover contract, Donkey Republic expands its presence in Germany further south by adding to its portfolio of current operations in the Kiel Region and Schleswig/Flensburg in the Northern part of Germany.