Velomad is a Rouen-based maker of urban electric bikes that has been developing its product line for six years. The company focuses on stylish, increasingly innovative e-bikes for city mobility. Velomad recently raised €300,000 from local investors to accelerate development, improve price competitiveness, and increase minimum production capacity. Planned uses for the proceeds include launching a new range of innovative models aligned with market trends, and modernizing and reconditioning existing models to extend product life and reduce environmental impact. A portion of the funds will be used to increase inventory to ensure consistent availability and faster customer satisfaction. By involving local investors, Velomad aims to strengthen community ties and bolster its position in the urban e-bike market.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2024