# Elevandi

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Guangzhou, China
- Website: www.lofandi.com
- Latest round: Series B (Jun 15, 2026)
- Investors on record: 6

## About

Based in Guangdong, China and founded in 2013, engages in the research and development of smart locks and internal derailleurs, providing safe, eco-friendly, and intelligent integrated solutions for two-wheeled mobility scenarios such as bicycles, e-bikes, scooters, motorcycles, and shared bicycles. As of December 2025, the company has accumulated over 400 patents globally, including over 140 invention patents. It has won 9 gold awards for inventions both domestically and internationally. In June 2026, Elevandi raised a Series B+ funding from Haitong Innovation Capital Management, Guangzhou Huangpu Science and Technology Innovation Fund of Funds, with participation from Fortune Capital.

Its core businesses focus on internal gearboxes and intelligent vehicle locks, as well as the intelligent ABS series under development, which are widely used in short-distance travel scenarios such as e-bikes, electric motorcycles, and shared bicycles.

The company generates revenue by doing R&D, providing smart locks, internal derailleurs and other related products.

The Series B+ funding raised in June 2026  will be mainly used for continued R&D investment, capacity expansion, global sales network construction, and working capital for daily operations.

## Funding rounds

- Series B, Jun 15, 2026 — Fortune Capital, Haitong Innovation Capital Management, Guangzhou Development District City Development Fund
- Series B, Sep 11, 2025 — GTJA Innovation Investment
- Series B, Mar 25, 2025 — Fortune Capital, Guangzhou Industry Investment Holding Group, Dice Investments
- Series A, Sep 3, 2021 — Fortune Capital

## Investors

- Fortune Capital — Series A, Series B
- Guangzhou Industry Investment Holding Group (https://capitalatlas.ai/funds/guangzhou-industry-investment-holding-group) — Series B
- Dice Investments — Series B
- GTJA Innovation Investment (https://capitalatlas.ai/funds/gtja-innovation-investment) — Series B
- Haitong Innovation Capital Management (https://capitalatlas.ai/funds/haitong-innovation-capital-management) — Series B
- Guangzhou Development District City Development Fund (https://capitalatlas.ai/funds/guangzhou-development-district-city-development-fund) — Series B