About Evelo
Evelo is a company based in New York (United States) founded in 2011.. Evelo has raised $1.46 million across 4 funding rounds from investors including GoFundMe, Seedinvest and Forefront Venture Partners. Evelo offers products and services including EVELO Omega, EVELO Galaxy, EVELO Atlas, EVELO Lux, and EVELO Compass. Evelo operates in a competitive market with competitors including Rad Power Bikes, Aventon, Velotric, Ride1Up and Lectric eBikes, among others.
- Headquarter New York, United States
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$1.46 M (USD)
in 4 rounds
-
Latest Funding Round
-
Investors
GoFundMe
& 2 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Evelo
Evelo offers a comprehensive portfolio of products and services, including EVELO Omega, EVELO Galaxy, EVELO Atlas, EVELO Lux, and EVELO Compass. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Powerful electric bike for commuting and adventure.
Lightweight bike designed for easy urban riding.
Stable tricycle model for safe and balanced travel.
Versatile bike suitable for various riding needs.
Three-wheeled bike for enhanced stability and control.
Funding Insights of Evelo
Evelo has successfully raised a total of $1.46M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
-
First Round
First Round
(15 Oct 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Seed - Evelo | Valuation | GoFundMe |
|
| Jan, 2017 | Amount | Seed - Evelo | Valuation |
investors |
|
| Feb, 2016 | Amount | Seed - Evelo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Evelo
Evelo has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include GoFundMe, Seedinvest and Forefront Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Seed and early-stage investments are targeted by the VC firm.
|
Founded Year | Domain | Location | |
|
Funds are raised online for social causes via crowdfunding platform.
|
Founded Year | Domain | Location | |
|
Startups are connected to investors via equity and revenue-based crowdfunding.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Evelo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Evelo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Evelo Comparisons
Competitors of Evelo
Evelo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rad Power Bikes, Aventon, Velotric, Ride1Up and Lectric eBikes, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of electric bicycles
|
|
| domain | founded_year | HQ Location |
Electric bicycles and accessories are manufactured and sold by Aventon.
|
|
| domain | founded_year | HQ Location |
Electric bicycles are manufactured for urban mobility solutions.
|
|
| domain | founded_year | HQ Location |
Electric bicycles are designed, manufactured, and sold by Ride1Up.
|
|
| domain | founded_year | HQ Location |
Electric bicycles are developed with pedal-assist and advanced braking features.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Evelo
Frequently Asked Questions about Evelo
When was Evelo founded?
Evelo was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Evelo located?
Evelo is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Evelo a funded company?
Evelo is a funded company, having raised a total of $1.46M across 4 funding rounds to date. The company's 1st funding round was a Seed of $750K, raised on Oct 15, 2015.
What does Evelo do?
Evelo was founded in 2011 and is based in New York, United States. Operations center on the development and sale of electric bicycles tailored to various terrains and recreational purposes. Bicycles are available for purchase through the company website, with free shipping provided to addresses in the US and Canada. The focus remains on the electric mobility sector.
Who are the top competitors of Evelo?
Evelo's top competitors include Rad Power Bikes, Aventon and Velotric.
What products or services does Evelo offer?
Evelo offers EVELO Omega, EVELO Galaxy, EVELO Atlas, EVELO Lux, and EVELO Compass.
Who are Evelo's investors?
Evelo has 3 investors. Key investors include GoFundMe, Seedinvest, and Forefront Venture Partners.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.