The Board of Directors of DonkeyRepublic Holding A/S has decided to bring in new management competencies to strengthen and professionalize the company further and has therefore appointed Niels Henrik Rasmussen as new CEO. Niels Henrik Rasmussen replaces cofounder Erdem Ovacik who will take on a new role at the company, as an Executive Board Member in a working role which includes promoting Donkey Republic's values externally and advising the CEO and Board on Donkey Republic's vision, strategy, products, and markets. Donkey Republic was established in 2014 as one of the first companies in the micro-mobility market with its unique bike-sharing solution.

The company has grown significantly since and is present in 14 different countries. In 2021 the company was listed at Nasdaq First North Growth Market Copenhagen.