About Velove Bikes
Velove Bikes is a company based in Goteborg (Sweden) founded in 2015 by Johan Erlandsson, Linda Kanter, and Dennis Kanter.. Velove Bikes has raised $1.12 million across 1 funding round from investors including Almi Invest. Velove Bikes offers products and services including Cargo Bike Delivery, Tech Platform, Rider Services, and City Hubs. Velove Bikes operates in a competitive market with competitors including Vok Bikes, NÜWIEL, EAV, VUF Bikes and Babboe, among others.
- Headquarter Goteborg, Sweden
- Founders Johan Erlandsson, Linda Kanter, Dennis Kanter
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Velove Denmark Aps
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$1.12 M (USD)
in 1 rounds
-
Latest Funding Round
$1.12 M (USD), Seed
Nov 04, 2019
- Investors
-
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 Velove Bikes
Velove Bikes offers a comprehensive portfolio of products and services, including Cargo Bike Delivery, Tech Platform, Rider Services, and City Hubs. 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.
Service for efficient, low-emission parcel transport in cities.
Platform for algorithmic scheduling and customer communication.
Trained couriers for reliable and eco-friendly parcel handling.
Facilities enabling close proximity to customers for fast delivery.
Unlock access to complete
Funding Insights of Velove Bikes
Velove Bikes has successfully raised a total of $1.12M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.12 million completed in November 2019. 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 1
- Last Round Seed — $1.1M
-
First Round
First Round
(04 Nov 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Seed - Velove Bikes | Valuation | Almi Invest |
|
| 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 Velove Bikes
Velove Bikes has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Almi Invest. 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 |
|---|---|---|---|---|
|
Multiple sectors are invested in by corporate-backed Almi Invest.
|
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 Velove Bikes
| 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 - Velove Bikes
| 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 |
Velove Bikes Comparisons
Competitors of Velove Bikes
Velove Bikes 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 Vok Bikes, NÜWIEL, EAV, VUF Bikes and Babboe, 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 |
Cargo bikes and e-bikes are supplied for delivery services.
|
|
| domain | founded_year | HQ Location |
Electric bike trailers for last-mile cargo transportation are developed.
|
|
| domain | founded_year | HQ Location |
Cloud-based e-cargo bikes are supplied for last-mile logistics transport.
|
|
| domain | founded_year | HQ Location |
Cargo electric bicycles with tilting systems are developed for logistics.
|
|
| domain | founded_year | HQ Location |
Developer of electric cargo bikes
|
| 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.
|
Frequently Asked Questions about Velove Bikes
When was Velove Bikes founded?
Velove Bikes was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Velove Bikes located?
Velove Bikes is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Who is the current CEO of Velove Bikes?
Johan Erlandsson is the current CEO of Velove Bikes. They have also founded this company.
Is Velove Bikes a funded company?
Velove Bikes is a funded company, having raised a total of $1.12M across 1 funding round to date. The company's 1st funding round was a Seed of $1.12M, raised on Nov 04, 2019.
What does Velove Bikes do?
Velove Bikes was founded in 2015 in Gothenburg, Sweden, as a developer and manufacturer of zero-emission transportation vehicles for cargo and delivery. The primary product, Armadillo, is a pedal-powered cargo cycle equipped with modular components such as ramps and lifts to accommodate diverse workloads and conditions. This vehicle is offered at a price of 7800 Euros and supports sustainable urban logistics operations.
Who are the top competitors of Velove Bikes?
What products or services does Velove Bikes offer?
Velove Bikes offers Cargo Bike Delivery, Tech Platform, Rider Services, and City Hubs.
Who are Velove Bikes's investors?
Velove Bikes has 1 investor. Key investors include Almi Invest.