With $12 million raised, this electric bike company founded by Lime and Didi enters the US market.
In a Series A fundraising round, Velotric, a firm that creates highquality electric bicycles for under $2,000, has raised $7.4 million. It is the late
In a Series A fundraising round, Velotric, a firm that creates highquality electric bicycles for under $2,000, has raised $7.4 million. It is the latest project by Xiao Xiaotao, Sun Zhen, and Adam Zhang, the hardware cofounder of Lime and former lead designer of Didis sharedbike programme in China. The Lime startups cofounders who worked with Zhang are also endorsing it. The teams extensive experience in overseeing Limes hardware design, manufacture, and supply chain in China is what the investors are depending on to give them a competitive edge.
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B2B Tech News | 19 days ago