When was Velotric founded?

Velotric was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Where is Velotric located?

Velotric is headquartered in Menlo Park, United States. It is registered at 24426 MAIN ST STE 701,CARSON,CA,90745,0.

Who is the current CEO of Velotric?

Adam Zhang of Velotric. They have also founded 1 company.

How many employees does Velotric have?

As of Mar 31, 2026, the latest employee count at Velotric is 56.

Is Velotric a funded company?

Velotric is a funded company, having raised a total of $14M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 23, 2023.

When was the latest funding round of Velotric?

Velotric's latest funding was a $***** Series A round on Jun 11, 2023, with participation from 3 investors.

Where does Velotric rank among its competitors?

Velotric ranks 4th amongst 214 active competitors, of which 15 are funded. It stands 3rd 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 Velotric?

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

Velotric - 2026 Company Profile, Team, Funding & Competitors

Company Details

Manufacturer of electric bicycles. The company is involved in the design and development of electric bicycles for urban mobility that provides features like a range of up to 60 miles, 6 hours of charge time, a 500 W motor, and a 48 V battery. It also allows customers to buy bicycles through the platform.

Website: www.velotricbike.com/
Social
Email ID: *****@velotricbike.com
Phone Number: +1 **********
Registered Address: 24426 MAIN ST STE 701,CARSON,CA,90745,0

Key Metrics

Founded Year

2021

Location

Menlo Park, United States

Stage

Series A

Total Funding

$14M in 2 rounds

Latest Funding Round

Series A, Jun 11, 2023, $*****

Investors

Redpoint Ventures & 10 more

Ranked

4^th among 214 active competitors

Employee Count

56 as on Mar 31, 2026

Similar Companies

VanMoof & 1282 more

View Velotric's full profile

Velotric is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VELOPOWER, INC. CIN: 32089764768 , United States, Active		-	-	-

Velotric has raised a total funding of $14M over 2 rounds. Its first funding round was on Feb 23, 2023. Its latest funding round was a Series A round on Jun 11, 2023 for $*****. 3 investors participated in its latest round. Velotric has 9 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Velotric:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 11, 2023	4942858	Series A	9860514	9984669	2149005	9047332
Feb 23, 2023	3935080	Series A	4595738	9398651	Fosun RZ Capital & 1 more	UpHonest Capital & 2 more

Access funding benchmarks and valuations. Sign up today!

View details of Velotric's funding rounds and investors

The founders of Velotric are Xiao Xiaotao, Adam Zhang and Nicolas Cheung. Adam Zhang is the CEO of Velotric.

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

Xiao Xiaotao: Co-Founder of Velotric.
Adam Zhang: Co-Founder & CEO of Velotric.
Contact Info: 1 email address
Nicolas Cheung: Co-Founder of Velotric.

View details of Velotric's Founder profiles and Board Members

Velotric's employee count trend

Velotric has 56 employees as of Mar 26. Here is Velotric's employee count trend over the years:

Uncover Velotric's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

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

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Super73 2011, Irvine (United States), Series C	Platform offering electric bicycles	$71.3M	Volition Capital, Trinity Capital & 2 others	61/100
2nd	Rad Power Bikes 2007, Seattle (United States), Series D	Developer of electric bicycles	$329M	Fidelity Investments, The Rise Fund & 11 others	59/100
3rd	Jetson Electric Bikes 2011, Brooklyn (United States), Unfunded	Innovative e-mobility solutions: electric bikes, scooters, hoverboards, and accessories	-	-	58/100
4th	Velotric 2021, Menlo Park (United States), Series A	Manufacturer of electric bicycles	$14M	Fosun RZ Capital, Redpoint China Ventures ... & 9 others	55/100
5th	Aventon 2012, Brea (United States), Seed	Manufacturer of electric bicycles	-	Gaorong Capital	54/100
6th	SONDORS 2015, Malibu (United States), Seed	Electric bikes engineered for all-terrain adventures, speed, and sustainability	$1.4M	-	48/100
7th	Lectric eBikes 2018, Phoenix (United States), Seed	Developer of electric bicycles	-	Bertram Capital	48/100
8th	Ride1Up 2018, Walnut Creek (United States), Series A	Manufacturer of electric bicycles	$6.5M	Ecosystem Integrity Fund	48/100
9th	Life Electric Vehicles 2018, Deerfield Beach (United States), Seed	Manufacturer of electric bicycles	$2.2M	-	45/100
10th	Blix Electric Bike 2006, San Francisco (United States), Unfunded	User-friendly electric bikes blending sleek design with an effortless riding experience	-	-	45/100