About Urtopia
Urtopia is a company based in Wan Chai (China) founded in 2021 by Owen Zhang. It operates as a Direct-to-Consumer (D2C). Urtopia has raised $10 million across 2 funding rounds from investors including Brizan Ventures, DCM and Lightspeed China Partners. Urtopia offers products and services including Carbon 1 Pro, Carbon Fold 1, and Carbon Fusion GT. Urtopia operates in a competitive market with competitors including TSINOVA, DYU, YunMake, Ariel Rider and Jxchelian, among others.
- Headquarter Wan Chai, China
- Founders Owen Zhang
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Jul 01, 2024
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Investors
Brizan Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Urtopia
Urtopia offers a comprehensive portfolio of products and services, including Carbon 1 Pro, Carbon Fold 1, and Carbon Fusion GT. 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.
Lightweight trekking ebike designed for urban exploration rides.
Compact folding ebike built for easy storage solutions.
Dual motor ebike crafted for powerful performance rides.
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Funding Insights of Urtopia
Urtopia has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in July 2024. 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 2
- Last Round Series A — $10.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - Urtopia | Valuation |
investors |
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| Feb, 2022 | Amount | Seed - Urtopia | Valuation | Lightspeed China Partners , DCM Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Urtopia
Urtopia has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Brizan Ventures, DCM and Lightspeed China 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 |
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Founded Year | Domain | Location | |
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Tech-focused seed, early, and mid-stage VC investments are made globally.
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Founded Year | Domain | Location | |
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Venture capital services are offered by Lightspeed China Partners in technology sectors focused on China.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Urtopia
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Urtopia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Urtopia Comparisons
Competitors of Urtopia
Urtopia 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 TSINOVA, DYU, YunMake, Ariel Rider and Jxchelian, 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 |
Smart electric bicycles with connectivity features are developed by TSINOVA.
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| domain | founded_year | HQ Location |
Multi-category electric bicycles are designed and manufactured.
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| domain | founded_year | HQ Location |
Manufactures high-quality smart bikes for consumers.
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| domain | founded_year | HQ Location |
Electric bicycles with Li-ion batteries are developed in various models.
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| domain | founded_year | HQ Location |
Develops intelligent and smart bicycles for enhanced user experience and connectivity.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Urtopia
Frequently Asked Questions about Urtopia
When was Urtopia founded?
Urtopia was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Urtopia located?
Urtopia is headquartered in Wan Chai, China. It is registered at Wan Chai, Hong Kong, China.
Who is the current CEO of Urtopia?
Owen Zhang is the current CEO of Urtopia. They have also founded this company.
Is Urtopia a funded company?
Urtopia is a funded company, having raised a total of $10M across 2 funding rounds to date.
What does Urtopia do?
Urtopia is involved in the design and sale of lightweight carbon fiber electric bikes. The company operates within the consumer goods sector, focusing on innovative ebikes for urban commuting, leisure, fitness, and adventure. Solutions offered include smart features like GPS tracking and real-time navigation, with a range of models such as folding, trekking, and long-range ebikes. Products are distributed through a direct-to-consumer model with nationwide support from over 700 bike shops.
Who are the top competitors of Urtopia?
Urtopia's top competitors include TSINOVA, Ariel Rider and DYU.
What products or services does Urtopia offer?
Urtopia offers Carbon 1 Pro, Carbon Fold 1, and Carbon Fusion GT.
Who are Urtopia's investors?
Urtopia has 3 investors. Key investors include Brizan Ventures, DCM, and Lightspeed China Partners.