When was Evelo founded?

Evelo was founded in 2011 and raised its 1st funding round 4 years after it was founded.

Where is Evelo located?

Evelo is headquartered in New York City, United States. It is registered at Rīga, Kaivas iela 29 k-1 - 32.

Which legal entities is Evelo associated with?

Evelo is associated with EVELO and 3 others.

How many employees does Evelo have?

As of Mar 31, 2026, the latest employee count at Evelo is 8.

Is Evelo a funded company?

Evelo is a funded company, having raised a total of $1.46M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 15, 2015.

When was the latest funding round of Evelo?

Evelo's latest funding was a $***** Seed round on Apr 03, 2020, with participation from 1 investor. Its primary sector is Electric Vehicles. In United States, the Electric Vehicles sector has seen $2.05B in funding in 2026 to date.

Where does Evelo rank among its competitors?

Evelo ranks 11th amongst 214 active competitors, of which 15 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Super73, which secured $5M in Oct, 2025.

Who are the top competitors of Evelo?

Evelo's top competitors include Rad Power Bikes, Jetson Electric Bikes and Super73. Among them, Super73 secured the most recent funding round in October, 2025.

Evelo - 2026 Company Profile, Team, Funding & Competitors

Evelo is a seed company based in New York City (United States), founded in 2011 by Boris Mordkovich and Yevgeniy Mordkovich. It operates as a Premium electric bikes and trikes with a focus on comfort. Evelo has raised $1.46M in funding from GoFundMe. The company has 214 active competitors, including 15 funded and 5 that have exited. Its top competitors include companies like Rad Power Bikes, Jetson Electric Bikes and Super73.

Company Details

Premium electric bikes and trikes with a focus on comfort. The company specializes in direct-to-consumer sales of electric bicycles and tricycles designed for effortless power, intuitive shifting, and unmatched comfort. They offer a range of models with various features like mid-drive motors, integrated batteries, and automatic shifting. The company provides options for easy assembly, a trial period, and a warranty. They also sell parts and accessories to enhance the riding experience. The business model is focused on providing high-quality electric mobility solutions for recreation and commuting, emphasizing customer satisfaction and ease of use. They are involved in the e-bike market, offering electric vehicle options for consumers.

Website: evelo.com
Social
Registered Address: Rīga, Kaivas iela 29 k-1 - 32

Key Metrics

Founded Year

2011

Location

New York City, United States

Stage

Seed

Total Funding

$1.46M in 4 rounds

Latest Funding Round

Seed, Apr 03, 2020, $*****

Investors

GoFundMe & 4 more

Ranked

11^th among 214 active competitors

Employee Count

8 as on Mar 31, 2026

Similar Companies

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View Evelo's full profile

Evelo is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
EVELO CIN: 40103364784 , Latvia, Active	Jan 07, 2011	$335K (As on Dec 31, 2024)	1 (As on Dec 31, 2022)	-
EVELO INC. CIN: 32085683152 , United States, Active		$3.35M (As on Dec 31, 2019)	-	-
EVELO, Inc. CIN: 0001687495 , United States, Active	Jan 20, 2012	$3.35M (As on Dec 31, 2019)	7 (As on Dec 31, 2019)	-
EVELO, INC. CIN: 20211246596 , United States, Active	Mar 12, 2021	-	-	-

Evelo has raised a total funding of $1.46M over 4 rounds. Its first funding round was on Oct 15, 2015. Its latest funding round was a Seed round on Apr 03, 2020 for $*****. 1 investor participated in its latest round. Evelo has 5 institutional investors.

Here is the list of recent funding rounds of Evelo:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 03, 2020	5252891	Seed	9306725	5771204	5020275	6829330
Jan 30, 2017	3623293	Seed	2211461	2336908	6668720	1491471
Feb 17, 2016	4631536	Seed	4217969	4646822	2370874	Seedinvest & 1 more

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View details of Evelo's funding rounds and investors

The founders of Evelo are Boris Mordkovich and Yevgeniy Mordkovich.

Here are the details of Evelo's key team members:

Boris Mordkovich: Co-Founder of Evelo and founder of 1 other company.
Yevgeniy Mordkovich: Co-Founder of Evelo and founder of 1 other company.

View details of Evelo's Founder profiles and Board Members

Evelo's employee count trend

Evelo has 8 employees as of Mar 26. Here is Evelo's employee count trend over the years:

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Top competitors of Evelo include Rad Power Bikes, Jetson Electric Bikes and Super73. Here is the list of Top 10 competitors of Evelo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Rad Power Bikes 2007, Seattle (United States), Series D	Developer of electric bicycles	$329M	Fidelity Investments, The Rise Fund & 11 others	59/100
2nd	Jetson Electric Bikes 2011, Brooklyn (United States), Unfunded	Innovative e-mobility solutions: electric bikes, scooters, hoverboards, and accessories	-	-	58/100
3rd	Super73 2011, Irvine (United States), Series C	Platform offering electric bicycles	$71.3M	Volition Capital, Trinity Capital & 2 others	56/100
4th	Aventon 2012, Brea (United States), Seed	Manufacturer of electric bicycles	-	Gaorong Capital	55/100
5th	Velotric 2021, Menlo Park (United States), Series A	Manufacturer of electric bicycles	$14M	Fosun RZ Capital, Redpoint Ventures & 9 others	55/100
6th	Ride1Up 2018, Walnut Creek (United States), Series A	Manufacturer of electric bicycles	$6.5M	Ecosystem Integrity Fund	49/100
7th	Blix Electric Bike 2006, San Francisco (United States), Unfunded	User-friendly electric bikes blending sleek design with an effortless riding experience	-	-	48/100
8th	SONDORS 2015, Malibu (United States), Seed	Electric bikes engineered for all-terrain adventures, speed, and sustainability	$1.4M	-	47/100
9th	Life Electric Vehicles 2018, Deerfield Beach (United States), Seed	Manufacturer of electric bicycles	$2.2M	-	45/100
10th	Lectric eBikes 2018, Phoenix (United States), Seed	Developer of electric bicycles	-	Bertram Capital	42/100
11th	Evelo 2011, New York City (United States), Seed	Premium electric bikes and trikes with a focus on comfort	$1.46M	Forefront Venture Partners, Seedinvest & 3 others	42/100