# Vok Bikes

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vok-bikes

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Tallinn, Estonia
- Website: www.vokbikes.com
- Total disclosed funding: $9.8M
- Latest round: Series A (Jun 2, 2025)
- Investors on record: 5

## About

Vok Bikes, based in Estonia, designs and manufactures electric cargo bikes, offering sustainable logistics alternatives for urban transportation. Their products cater to businesses seeking efficient, eco-friendly delivery solutions.Founded in 2019 in Tallinn, Estonia, Vok Bikes specializes in electric cargo bikes designed for urban logistics. The company has successfully closed three funding deals, with the most recent occurring on June 29, 2023, when they raised EUR 0.3 mn in GRANT funding from Enterprise Estonia. The total amount raised by Vok Bikes amounts to EUR 3.8 mn. The company is led by CEO Thomas H., with founder Indrek Petjarv having a background in developing sustainable transport solutions.Vok Bikes focuses on designing and manufacturing electric cargo bikes, including models such as the Vok S, Vok XL, and Vok U. These bikes are engineered for urban logistics, addressing needs from last-mile deliveries to fresh goods transport. Their versatility makes them suitable for businesses across various sectors in the European market, particularly where zero-emission transportation is emphasized.In the most recent year, Vok Bikes reported a revenue of EUR 727,891, with an EBITDA of EUR -925,849. The company's revenue streams include direct sales, leasing, and rental agreements, primarily targeting business-to-business clients requiring sustainable logistics solutions. The company plans to design and release 100 new electric bikes to the European market within this year. This funding will aid in expanding their product line and enhancing market presence, focusing on regions where eco-friendly transportation is prioritized. In June 2025, Vok Bikes raised EUR 5 million in series A funding led by new investor SQM Lithium Ventures, with participation from returning investors Metaplanet Holdings, SmartCap, Specialist VC and Sunly AS. The company plans to utilize the July 2025 funding to expand operations across European markets and accelerate transition from van-based to electric cargo bike logistics in urban environments.

## Funding rounds

- Series A, Jun 2, 2025, $5.7M — SmartCap, Specialist VC, Metaplanet Holdings, Sunly AS, SQM Lithium Ventures
- Seed, Jun 29, 2023, $4.2M — SmartCap, Specialist VC, Metaplanet Holdings, Sunly AS

## Investors

- SmartCap (https://capitalatlas.ai/funds/smartcap) — Seed, Series A
- Specialist VC (https://capitalatlas.ai/funds/specialist-vc) — Seed, Series A
- Metaplanet Holdings (https://capitalatlas.ai/funds/metaplanet-holdings) — Seed, Series A
- Sunly AS — Seed, Series A
- SQM Lithium Ventures (https://capitalatlas.ai/funds/sqm-lithium-ventures) — Series A