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 May 31, 2026, the latest employee count at Velotric is 63.

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. Its primary sector is Electric Vehicles. In United States, the Electric Vehicles sector has seen $2.17B in funding in 2026 to date.

Where does Velotric rank among its competitors?

Velotric ranks 5th 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 Rad Power Bikes, Aventon 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

5^th among 214 active competitors

Employee Count

63 as on May 31, 2026

Similar Companies

VanMoof & 1285 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	3027590	Series A	6804098	5051509	2706282	4809737
Feb 23, 2023	3558958	Series A	6818009	2988158	Fosun RZ Capital & 1 more	UpHonest Capital & 2 more

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View details of Velotric's funding rounds and investors

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

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

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

View details of Velotric's Founder profiles and Board Members

Velotric's employee count trend

Velotric has 63 employees as of May 26. Here is Velotric's employee count trend over the years:

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Top competitors of Velotric include Rad Power Bikes, Aventon 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	Rad Power Bikes 2007, Seattle (United States), Series D	Developer of electric bicycles	$329M	Fidelity Investments, Morgan Stanley & 11 others	59/100
2nd	Aventon 2012, Brea (United States), Seed	Manufacturer of electric bicycles	-	Gaorong Capital, HSG	58/100
3rd	Jetson Electric Bikes 2011, Brooklyn (United States), Unfunded	Innovative e-mobility solutions: electric bikes, scooters, hoverboards, and accessories	-	-	58/100
4th	Super73 2011, Irvine (United States), Series C	Platform offering electric bicycles	$71.3M	Volition Capital, Trinity Capital & 2 others	56/100
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	-	-	47/100
8th	Evelo 2011, New York City (United States), Seed	Premium electric bikes and trikes with a focus on comfort	$1.46M	GoFundMe, Forefront Venture Partners & 3 others	46/100
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