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Energy Tech Series A Founded 2013

Ecovelo

Ecovelo provides tech-enabled electric bike-sharing solutions for municipalities and transit authorities across France. The company delivers turnkey electric-assist bike-sharing systems (VAELS) that require no civil engineering work and are designed for intermodal integration with existing public transport. Ecovelo's offering includes its own vehicles, a technology platform for fleet management and ticketing,…

📍 Nantes, France · Energy Storage Tech,

Funding snapshot

Last roundSeries A
Amount$2M
Date5 May 2020
Total raised$2M
Team size34

About

Ecovelo provides tech-enabled electric bike-sharing solutions for municipalities and transit authorities across France. The company delivers turnkey electric-assist bike-sharing systems (VAELS) that require no civil engineering work and are designed for intermodal integration with existing public transport. Ecovelo's offering includes its own vehicles, a technology platform for fleet management and ticketing, docking systems, and comprehensive service management from sizing and deployment to daily operations. The platform features a mobile app enabling registration in under one minute via Google or Apple, quick unlocking, flexible payment through subscriptions or per-minute billing via credit card, Google Pay, and Apple Pay, and NFC compatibility with transport cards and MaaS systems. The equipment is manufactured in France and referenced at the CATP since 2019. Founded in 2013 and headquartered in Nantes, France, Ecovelo has raised $2.2 million in Series A funding from Banque des Territoires and GO CAPITAL. The company operates across 35 French territories with millions of trips facilitated, serving cities including Troyes, Cherbourg-en-Cotentin, Niort, Les Sables-d'Olonne, Nimes, and Carcassonne with white-label solutions customized to each community's branding.

Business model

Road Transport Tech > Employee Transport Management > Tech Enabled Services > Two Wheelers,

Electric Vehicles > Vehicle Management > B2B,

Energy Storage Tech > Battery > Battery Management System > Electric Vehicles

Institutional investors

Banque des Territoires GO CAPITAL

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