Founded in 2020 and led by Emilio Froján, Velca is a Galician electric vehicle brand that produces integrated-battery electric motorcycles and electric bicycles. Since inception the company has manufactured and distributed more than 4,000 electric vehicles, comprising about 2,600 motorcycles and 1,400 bicycles, and has generated over €10 million in revenue. Velca claims up to a 20% share of the private-segment electric motorcycle market in Spain and is the most registered integrated-battery electric motorcycle in the country. The company is integrated in Rhino Electric and has broadened its investor base with strategic regional business leaders and funds to support its growth. Public reporting indicates the firm is focused on expanding its market presence but does not provide specific near-term product or financial targets.

Total raised

$10M

Funding rounds

6

Latest round

Debt Financing

Latest activity

Nov 2023