# URTOPIA

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Hong Kong, Hong Kong SAR - China
- Website: www.newurtopia.com/
- Total disclosed funding: $30M
- Latest round: Series B (Jun 27, 2026)
- Investors on record: 6

## About

Based in Hong Kong and founded in 2021, New Urtopia Holdings HK Limited, trading under the name URTOPIA, provides intelligent electric bicycles and sports tech devices for the consumer market. The company was founded by CEO Zhang Bo. In 2025, the firm completed the acquisition of assets from Pedego, an established electric bicycle retail chain in North America. In June 2026, the company raised over CNY 200 million in series B funding.
The company provides smart electric bicycles equipped with motors, batteries, sensors, and microcontrol units that capture biometric data like cadence, pedaling force, and heart rate alongside environmental terrain data.

The company’s revenue is generated by retail and wholesale sales of electric bicycles and upcoming wearable exoskeletons through its online platform and international dealer networks.

The company plans to use the series B funding to scale core technology research, drive global market expansion, strengthen its supply chain infrastructure, and build organization capacity to transition into an outdoor embodied intelligence sports platform.

## Funding rounds

- Series B, Jun 27, 2026, $29M — Forebright Capital Management, Brizan Ventures, KungHo Fund
- Series A, Jul 1, 2024, $1M — DCM, Forebright Capital Management, Yeahmobi, Brizan Ventures, Nanhu Financial Capital, KungHo Fund

## Investors

- DCM (https://capitalatlas.ai/funds/dcm) — Series A
- Forebright Capital Management (https://capitalatlas.ai/funds/forebright-capital-management) — Series A, Series B
- Yeahmobi — Series A
- Brizan Ventures — Series A, Series B
- Nanhu Financial Capital (https://capitalatlas.ai/funds/nanhu-financial-capital) — Series A
- KungHo Fund — Series A, Series B