About VelyVelo
VelyVelo is a company based in Paris (France) founded in 2017 by Jamil El Garti.. VelyVelo has raised $10.84 million across 3 funding rounds from investors including INCEPTO medical, Beltone and David Schwarz. The company has 10 employees as of December 31, 2022. VelyVelo offers products and services including Electric Bike Rental, VelyVelo DMS Platform, and Maintenance Package. VelyVelo operates in a competitive market with competitors including Eatron, Ion Energy Labs, Electra Vehicles, Williams Advanced Engineering and Breathe Battery Technologies, among others.
- Headquarter Paris, France
- Employees 10 as on 31 Dec, 2022
- Founders Jamil El Garti
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Velyvelo
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.84 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
INCEPTO medical
& 10 more
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Employee Count
10
as on Dec 31, 2022
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Products & Services of VelyVelo
VelyVelo offers a comprehensive portfolio of products and services, including Electric Bike Rental, VelyVelo DMS Platform, and Maintenance Package. 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.
Offers customizable electric bikes for professional delivery and transport needs.
Digital tool for monitoring bike maintenance and location in real-time.
Provides monthly interventions and repairs for rented electric bikes.
Funding Insights of VelyVelo
VelyVelo has successfully raised a total of $10.84M across 3 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 3
- Last Round Last Round
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First Round
First Round
(26 Nov 2021)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - VelyVelo | Valuation | Beltone |
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| Apr, 2024 | Amount | Series B - VelyVelo | Valuation |
investors |
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| Nov, 2021 | Amount | Series A - VelyVelo | Valuation | Via ID |
| 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 |
Investors in VelyVelo
VelyVelo has secured backing from 11 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include INCEPTO medical, Beltone and David Schwarz. 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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Startups are accelerated and incubated through a 3-12 month program.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by VelyVelo
| 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 - VelyVelo
| 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 |
Velyvelo Comparisons
Competitors of VelyVelo
VelyVelo 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 Eatron, Ion Energy Labs, Electra Vehicles, Williams Advanced Engineering and Breathe Battery Technologies, 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 |
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| domain | founded_year | HQ Location |
AI-enabled battery management and motion control systems are developed.
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Battery intelligence platform for utility-scale energy storage systems is developed.
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| domain | founded_year | HQ Location |
Battery management systems for electric vehicles are developed and provided.
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| domain | founded_year | HQ Location |
Battery management systems for electric vehicles are provided.
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| domain | founded_year | HQ Location |
Physics-based battery management software is developed for batteries.
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Battery management systems are developed for modular lithium battery packs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Velyvelo
Frequently Asked Questions about VelyVelo
When was VelyVelo founded?
VelyVelo was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is VelyVelo located?
VelyVelo is headquartered in Paris, France.
Is VelyVelo a funded company?
VelyVelo is a funded company, having raised a total of $10.84M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4.53M, raised on Nov 26, 2021.
How many employees does VelyVelo have?
As of Dec 31, 2022, the latest employee count at VelyVelo is 10.
What does VelyVelo do?
VelyVelo was established in 2017 in Paris, France, focusing on the mobility sector. A SaaS platform is utilized to manage fleets of electrically assisted bicycles, with operations centered on urban rental services. Long-term rentals, theft insurance coverage, and maintenance tracking are handled through the system, supporting businesses in efficient e-bike deployment across European markets.
Who are the top competitors of VelyVelo?
VelyVelo's top competitors include Eatron, Breathe Battery Technologies and Brill Power.
What products or services does VelyVelo offer?
VelyVelo offers Electric Bike Rental, VelyVelo DMS Platform, and Maintenance Package.
Who are VelyVelo's investors?
VelyVelo has 11 investors. Key investors include INCEPTO medical, Beltone, David Schwarz, Via ID, and Mobility Solutions.