About Velotric
Velotric is a company based in Menlo Park (United States) founded in 2021 by Nicolas Cheung, Adam Zhang, and Xiao Xiaotao. Velotric has raised $8.8 million across 2 funding rounds from investors including FRZ Capital, Redpoint Ventures and Guangdian Capital. Velotric operates in a competitive market with competitors including Rad Power Bikes, Aventon, Evelo, Ride1Up and Lectric eBikes, among others.
- Headquarter Menlo Park, United States
- Founders Nicolas Cheung, Adam Zhang, Xiao Xiaotao
-
Sectors
Transportation, Automotive & Logistics
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Velopower, Inc.
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$8.8 M (USD)
in 2 rounds
-
Latest Funding Round
$1.4 M (USD), Series A
Jun 11, 2023
-
Investors
FRZ Capital
& 6 more
-
Employee Count
Not available
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
People of Velotric
Unlock access to complete
Co Team
2 people
Growth Team
1 people
Sales and Marketing
1 people
Leadership Team
1 people
Unlock access to complete
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.
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.
|
Locked | Locked | Locked | |
|
Guangdian Capital is focused on consumer tech investments.
|
Locked | Locked | Locked | |
|
Early-stage tech companies are invested in by Fosun RZ Capital.
|
Locked | Locked | Locked |
Investor details for Velotric
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Velotric
Investment portfolio details for Velotric
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Velotric
Detailed financials for Velotric
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Velotric Comparisons
Peer comparison for Velotric
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Velotric
Velotric 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, Evelo, Ride1Up and Lectric eBikes, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Developer of electric bicycles
|
|
| Locked | Locked | Locked |
Electric bicycles and accessories are manufactured and sold by Aventon.
|
|
| Locked | Locked | Locked |
Electric bicycles developer
|
|
| Locked | Locked | Locked |
Electric bicycles are designed, manufactured, and sold by Ride1Up.
|
|
| Locked | Locked | Locked |
Electric bicycles are developed with pedal-assist and advanced braking features.
|
Detailed competitors of Velotric
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Velotric
Complete news archive for Velotric
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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.
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.