# VelyVelo

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Arcueil, France
- Website: www.velyvelo.com
- Total disclosed funding: $3.2M
- Latest round: Series A (Apr 14, 2024)
- Investors on record: 3

## About

Based in Bordeaux, France, and founded in 2017, VelyVelo provides electrically assisted bicycles designed for delivery professionals and fleet management services. The company was co-founded by Asmaa (CEO), Jamil, and Othman. In April 2024, VelyVelo raised EUR 3 million in venture funding led by new investors 212 Founders, NCI, and Mouvement & Finance.

The company offers a wide range of bikes for leasing purposes such as spike pro, redrunner, Q’be generation 3, urban arrow cargo L, gleam, trike, fleximodal trailer, V’sco (Q’be 4), and radwagon. Additionally, the firm designs customized bikes for various delivery players such as just eat, vlove, uber eats, and many more. Furthermore, the company offers its rental bike for food delivery, free-lancer riders, companies and individuals, and the tertiary sector. Apart, from this firm also provides fleet management software and long-term lease subscription to its customers.

## Funding rounds

- Series A, Apr 14, 2024, $3.2M — NCI, 212 Founders, MouvemenT & Finance

## Investors

- NCI (https://capitalatlas.ai/funds/nci) — Series A
- 212 Founders — Series A
- MouvemenT & Finance (https://capitalatlas.ai/funds/mouvement-finance) — Series A