# Velca Motor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/velca-motor

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Madrid, Spain
- Website: www.velcamotor.com
- Total disclosed funding: $5.8M
- Latest round: Series A (Nov 30, 2023)
- Investors on record: 4

## About

Velca Motor, based in Spain, specializes in producing and distributing 100% electric motorcycles and scooters, addressing the demand for sustainable urban mobility solutions.Founded in 2020 and headquartered in Madrid, Spain, Velca Motor focuses on electric mobility by offering a range of electric motorcycles and scooters. The company has successfully raised a total of EUR 5.3 million in Series A funding in November 2023, led by Behappy Investments, Noso Capital, and Sherry Ventures. César Izquierdo, the founder, has previously been involved in other business ventures.Velca Motor specializes in the production and distribution of 100% electric motorcycles and scooters, addressing the growing demand for sustainable urban mobility solutions. Their core product offerings include a range of electric scooters and motorcycles such as the Velca VORTEX and ONE, which utilize advanced lithium-ion battery technology for propulsion. These vehicles cater to environmentally-conscious consumers looking for efficient transportation options and are designed for urban commuters, delivery services, and recreational riders. The company operates over 80 sales points across Spain and targets international markets where electric mobility is gaining traction, including parts of Europe.In 2022, Velca Motor reported a revenue of EUR 1,407,149, with an EBITDA of EUR -553,497. The company generates revenue primarily through direct sales of its electric motorcycles and scooters, alongside after-sales services and replacement parts, through authorized dealers and online platforms.In November 2023, Velca Motor raised EUR 5.3 million in Series A funding to support international expansion initiatives. Plans include launching new electric vehicle models and expanding into international markets. The funding will also support the growth of their distribution network, ensuring broader accessibility to their electric mobility solutions.

## Funding rounds

- Series A, Nov 30, 2023, $5.8M — ENISA, Noso Capital, Sherry Ventures, Behappy Investments

## Investors

- ENISA — Series A
- Noso Capital (https://capitalatlas.ai/funds/noso-capital) — Series A
- Sherry Ventures (https://capitalatlas.ai/funds/sherry-ventures) — Series A
- Behappy Investments (https://capitalatlas.ai/funds/behappy-investments) — Series A