About Velotric
Velotric is a Transportation, Automotive & Logistics company based in Menlo Park (United States) founded in 2021 by Nicolas Cheung, Adam Zhang, and Xiao Xiaotao. It operates as an electric bicycles are manufactured for urban mobility solutions. Velotric has raised $8.8 million across 2 funding rounds from investors including FRZ Capital, Redpoint Ventures and Guangdian Capital. Its chief executive is Adam Zhang. Its website velotricbike.com draws about 412 thousand monthly visits. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Light Electric Vehicles. Its legal entity is VELOPOWER, INC. Its competitors include Rad Power Bikes, Aventon, Evelo, Ride1Up and Lectric eBikes and 2 more; 3 of its 7 listed competitors have raised funding.
Company details
Velotric was established in 2021 in Menlo Park, United States, within the electric bicycle sector. Design and development of e-bikes suited for urban commuting are conducted, incorporating elements like a 60-mile range, 6-hour charging duration, 500 W motor, and 48 V battery. Sales are facilitated directly via the companys online platform to customers.
- Headquarters Menlo Park, United States
- Founders Nicolas Cheung, Adam Zhang, Xiao Xiaotao
- SectorsTransportation, Automotive & Logistics
- Website category Sports · Cycling and Biking
- Email••••••••
- Phone•••• ••••
- Website velotricbike.com
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Velopower, Inc.
- Total Equity Funding$8.8M (USD)
in 2 rounds
- Latest Funding Round$1.4M (USD), Series A
Jun 2023
- InvestorsFRZ Capital
& 6 more
Apps and channels of Velotric
its YouTube channel Velotric has 3.59K subscribers and 30 videos.
Videos from Velotric
The most watched videos on Velotric's YouTube channel, Velotric (3.59K subscribers). Click a video to play it here.
More on Velotric.
Funding Insights of Velotric
Velotric has successfully raised a total of $8.8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.4 million completed in June 2023. 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 $8.8M
- Total Rounds 2
- Last Round Series A — $1.4M
- First Round $7.4M
(Feb 2023)
- Investors Count 7
All 2 funding rounds of Velotric with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $1.4M | Series A | – | Lightpoint Capital | |
| Feb 2023 | $7.4M | Series A | – | Fosun RZ Capital, Redpoint Ventures |
7 investors in total: 5 institutional and 2 angel.
Investors in Velotric
Velotric has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include FRZ Capital, Redpoint Ventures and Guangdian Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Redpoint Ventures is engaged in venture capital investments. | – | redpoint.com | Woodside, United States | |
Guangdian Capital is focused on consumer tech investments. | 2016 | guangdiancapital.com | Shenzhen, China | |
Early-stage tech companies are invested in by Fosun RZ Capital. | – | frzcapital.com | Beijing, China | |
Early-stage venture capital investments are made by UpHonest Capital. | – | uphonestcapital.com | San Francisco, United States | |
Venture capital investment and fund management services are conducted globally. | 2013 | frzcapital.cn | Beijing, China | |
BB Brad Bao | Co-founder of Lime, angel investor, focused on mobility and tech startups | – | unknown_05e169d460a94cd2a | - |
TS Toby Sun | Indian angel investor, focuses on early-stage tech startups | – | unknown_beee2a1987c9458c8 | - |
Investor details for Velotric
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- Round participation
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People of Velotric
8 people are tracked at Velotric (7 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Nicolas Cheung | Co-Founder | Leadership |
Adam Zhang | Co-Founder & CEO | Leadership |
Xiao Xiaotao | Co-Founder | Leadership |
Jerry Sun | Co-Founder | Leadership |
Zhan Tang | Head of Business Development | Leadership |
小涛 肖 | Co-Founder, Head of Supply Chain | Leadership |
adam chang | Co-Founder,CEO | Leadership |
Elaine Geng | Growth Strategy & Enterprise Partnership | Team |
Complete people profiles for Velotric
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Timeline of Velotric
3 dated milestones of Velotric across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Velotric is founded.
- Funding First funding round of $7.4M.
- Funding Latest funding round, Series A, of $1.4M.
Competitors of Velotric
Velotric has 7 listed competitors in our database, 3 of them funded. They include Rad Power Bikes, Aventon, Evelo, Ride1Up and Lectric eBikes, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| radpowerbikes.com | 2007 | Seattle, United States | $329M | 542 | Developer of electric bicycles | |
| aventon.com | 2012 | Brea, United States | – | – | Electric bicycles and accessories are manufactured and sold by Aventon. | |
| evelo.com | 2011 | New York, United States | $1.46M | – | Electric bicycles developer | |
| ride1up.com | 2018 | Walnut Creek, United States | $6.5M | – | Electric bicycles are designed, manufactured, and sold by Ride1Up. | |
| lectricebikes.com | 2018 | Phoenix, United States | – | 49 | Electric bicycles are developed with pedal-assist and advanced braking features. | |
| ridejetson.com | 2011 | Brooklyn, United States | – | – | Sells electric bikes, scooters, hoverboards, and accessories through online platforms. | |
| pedegoelectricbikes.com | 2007 | Irvine, United States | – | 41 | Electric bicycles are developed and rental services are provided. |
Detailed competitors of Velotric
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Web traffic of Velotric
The website of Velotric (velotricbike.com) receives about 412.5K visits a month and ranks #107,133 among all websites worldwide, #3,477 in Cycling and Biking.
- Monthly visits412.5K
▼ 11.5% vs previous month
- Unique visitors262.9K
per month
- Global rank#107,133
among all websites
- Category rank#3,477
Sports · Cycling and Biking
- Bounce rate46%
- Pages per visit2.6
- Average visit1 min 16 sec
- DevicesDesktop 21% · Mobile 79%
Websites whose visitors overlap most with Velotric. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| lectricebikes.com | 100% | 1.1M | #44,128 | View details | |
| ride1up.com | 98% | 232K | #160,193 | View details | |
| aventon.com | 91% | 769.5K | #56,680 | View details | |
| heybike.com | 89% | 414.2K | #159,306 | View details | |
electricbikereport.com | electricbikereport.com | 80% | – | #346,256 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Velotric
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- 40 similar websites
- Audience overlap
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Top companies in Electric & Green Mobility
10 companies that operate in the same segment as Velotric (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Related news about Velotric
Complete news archive for Velotric
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Frequently Asked Questions about Velotric
Velotric was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Velotric is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Adam Zhang is the current CEO of Velotric. They have also founded this company.
Velotric is a funded company, having raised a total of $8.8M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7.4M, raised on Feb 2023.
Velotric was established in 2021 in Menlo Park, United States, within the electric bicycle sector. Design and development of e-bikes suited for urban commuting are conducted, incorporating elements like a 60-mile range, 6-hour charging duration, 500 W motor, and 48 V battery. Sales are facilitated directly via the companys online platform to customers.
Velotric's top competitors include Rad Power Bikes, Aventon and Ride1Up.
Velotric has 7 investors. Key investors include FRZ Capital, Redpoint Ventures, Guangdian Capital, FRZ Capital, and UpHonest Capital.
Velotric operates through Velopower, Inc..
The website of Velotric receives about 412 thousand visits a month and ranks #107,133 among all websites worldwide.