# Avocargo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avocargo

- Industry: Transportation Services
- Headquarters: Berlin, Germany
- Website: www.avocargo.one
- Latest round: Seed (Aug 26, 2021)
- Investors on record: 4

## About

Avocargo, based in Germany, specializes in electric cargo bike solutions aimed at enhancing urban mobility through innovative subscription services.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. In February 2023, Avocargo ceased its operations after three deals, marking a significant pivot in its strategy.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. Although currently in the pre-launch phase in Berlin, the company has plans to expand into other metropolitan areas where cargo bike utility can enhance mobility.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. While specific pricing for the service has not been disclosed, it emphasizes the convenience and adaptability of the Welgo product in urban settings.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.

## Funding rounds

- Seed, Aug 26, 2021 — WestTech Ventures, InnoEnergy, Starthub Ventures, Exxeta AG

## Investors

- WestTech Ventures (https://capitalatlas.ai/funds/westtech-ventures) — Seed
- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Seed
- Starthub Ventures (https://capitalatlas.ai/funds/starthub-ventures) — Seed
- Exxeta AG — Seed