Avocargo
Latest round
- Seed
Last raised
- Aug 2021
Total raised
- Undisclosed
Investors
- 4
About Avocargo
Founded in 2021 in Berlin, Germany, AVO Mobility GmbH focuses on sustainable transportation with its electric cargo bike services. The company was established by Marc Tabrizi and Matti Schurr, with Marc currently serving as CEO.AVO Mobility GmbH offers a subscription-based service called Welgo, featuring a fleet of five customizable electric cargo bikes. This service caters specifically to families and individuals seeking eco-friendly transportation options in urban areas. The subscription includes comprehensive features such as insurance and maintenance, ensuring an all-encompassing experience for users.AVO Mobility GmbH utilizes a subscription-based revenue model, allowing customers to access their electric cargo bikes through a monthly payment plan. This model caters primarily to families and individuals looking for flexible and sustainable transportation solutions. The subscription encompasses essential services, including repairs and insurance, which provide a hassle-free experience for users.In February 2023, Avocargo discontinued its operations, halting any further product development or market expansion plans. As a result, no upcoming products are being designed, and there are no targeted regions for future growth.
Who invested in Avocargo
4 investors across 1 round
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Funding rounds
Seed
Aug 26, 2021
Amount
Undisclosed
Investors
Questions about Avocargo
Who invested in Avocargo?
Avocargo has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Avocargo raised?
Avocargo has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Avocargo last raise money?
Avocargo's most recent round on record is a Seed, in Aug 2021.
What does Avocargo do?
Founded in 2021 in Berlin, Germany, AVO Mobility GmbH focuses on sustainable transportation with its electric cargo bike services.
Where is Avocargo headquartered?
Avocargo is headquartered in Berlin, Germany.
Which VCs invest in companies like Avocargo?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back transportation services companies at Avocargo's stage. Their profiles are linked below.
VCs backing transportation services startups at Seed
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