# Velotric

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

- Industry: Consumer Products
- Headquarters: Shenzhen, China
- Website: www.velotricbike.com
- Total disclosed funding: $37M
- Latest round: Series C (Oct 15, 2026)
- Investors on record: 7

## About

Founded in 2020 and based in Shenzhen, China, Velotric operates as an electric bicycle brand, focusing on the manufacture of shared electric bicycles. The co-founders of the company worked at Lime and Didi Chuxing. The core members of the team are from Lime, Didi Chuxing, Jet and Decathlon. As for 2023, there are more than 30 employees in the company and Velotric has cooperated with approximately 200 offline distributors. Velotric has set up offices in cities such as Kunshan, Shenzhen and Los Angeles. In October 2025, Velotric raised Series B funding from new investor Shunwei Capital.
The company has launched main products which are Discover 1, Thunder 1, and Nomad 1. Discover 1 is an all-around urban commuter e-bike, while Nomad 1 is a wide-tire e-bike for outdoor adventures. VELOTRIC also independently designed motor, controller and battery management system. 
The company generates revenue by providing shared electric bicycles and other related products.

## Funding rounds

- Series C, Oct 15, 2026, $30M — China Life Equity Investments, Amber Capital
- Series B, Oct 16, 2025 — Shunwei Capital
- Series A, Jun 5, 2023 — Guangdian Capital
- Series A, Feb 23, 2023, $7.2M — UpHonest Capital, Fosun RZ Capital, Redpoint China Ventures

## Investors

- UpHonest Capital (https://capitalatlas.ai/funds/uphonest-capital) — Series A
- Fosun RZ Capital (https://capitalatlas.ai/funds/fosun-rz-capital) — Series A
- Redpoint China Ventures (https://capitalatlas.ai/funds/redpoint-china-ventures) — Series A
- Guangdian Capital (https://capitalatlas.ai/funds/guangdian-capital) — Series A
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series B
- China Life Equity Investments — Series C
- Amber Capital — Series C