Tech Company Financing Transactions
Velotric Funding Round
Velotric, operating out of Carso, scored $7.4 million from Fosun RZ Capital, private investors and Redpoint Ventures.
Transaction Overview
Company Name
Announced On
3/1/2023
Transaction Type
Venture Equity
Amount
$7,400,000
Round
Series A
Investors
private investors (Brad Bao)
private investors (Toby Sun)
Proceeds Purpose
The company intends to use the funds to expand its presence in the United States.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
24426 S Main St #701
Carso, CA 90745
USA
Carso, CA 90745
USA
Phone
Website
Email Address
Overview
Velotric builds versatile and accessible ebikes that help you discover the #smalladventures all around you. The company believes that the ebike experience should be simpler, more expressive, and make riders feel the exhilaration of the open road without stress or anxiety.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Adam Zhang
Co-Founder
Xiao Xiaotao
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