# MUVO

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

- Industry: Transportation Services
- Headquarters: Bogota, Colombia
- Website: www.muvo.bike
- Latest round: Seed (Apr 19, 2019)
- Investors on record: 2

## About

MUVO is a dynamic company specializing in the development and sale of innovative bicycle solutions that enhance urban mobility. The company’s offerings target environmentally conscious consumers looking for sustainable transport options.Founded in 2016 in Bogota, Colombia, MUVO is dedicated to improving urban transportation through its unique bicycle solutions. The company has not undergone any notable pivots and operates independently. Daniel Otero, one of the co-founders, serves as the CEO, leading the company’s strategic vision. MUVO has successfully completed 4 deals, with the most recent being a funding round on April 19, 2020, raising USD 2.000 mn from investor Auteco, bringing the total amount raised to USD 2.000 mn.MUVO focuses on producing innovative bicycles designed for urban commuting, catering to the increasing demand for sustainable transportation solutions. Their product line includes electric bicycles and lightweight models suitable for city environments, promoting eco-friendly travel options. MUVO's offerings are targeted at customers looking to enhance their mobility through reliable and environmentally friendly means of transportation.MUVO generates revenue through the direct sale of its bicycles and accessories, creating partnerships with various retailers and online platforms to reach a wider audience. The company's pricing strategy varies based on the model and features of the bicycles offered, ensuring accessibility for different consumer segments. This approach not only facilitates direct sales but also helps in establishing long-term customer relationships through quality and service.Looking ahead, MUVO plans to expand its product line to include additional models and accessories aimed at urban riders, with new releases expected in late 2023. The company is also targeting expansion into international markets, particularly in North America and Europe, to tap into the growing demand for eco-friendly transportation solutions. The recent venture funding of USD 2.000 mn will be utilized to enhance product development and market entry strategies, bolstering the company’s growth trajectory.

## Funding rounds

- Seed, Apr 19, 2019 — Kairos
- Seed, Jun 1, 2018 — Kairos, Tpaga S.A.S.

## Investors

- Kairos (https://capitalatlas.ai/funds/kairos) — Seed
- Tpaga S.A.S. — Seed