Fast-growing e-bike company Velotric raises $7.4M USD Series A

March 1, 2023

Velotric, a leading innovator in the electric bike market, announced today that it has successfully raised a $7.4 million USD Series A round, bringing the total raised to $12 million USD in its first year. Funding has come from Redpoint China Ventures, Fosun RZ Capital, Uphonest Capital, and Lime Cofounders Brad Bao and Toby Sun. The money will be used to expand the company’s footprint in the United States, a unique move in the e-bike industry, which has traditionally focused on the European market. PR web