VelyVelo Secures €1 Million in Series A Funding to Fuel Expansion of Electric Bike Leasing for Delivery Professionals in France

VelyVelo, the pioneering leader in electric bike leasing for delivery professionals in France, has exciting news to share as it announces a successful fundraising round of €1,000,000. Founded in 2017, VelyVelo has established itself as a formidable force in the rapidly growing e-bike market, boasting over 4,000 electric bikes currently in active circulation. This latest infusion of capital demonstrates both investor confidence in VelyVelo's innovative business model and the increasing demand for sustainable transportation solutions in the logistics sector. The funds will primarily be used to enhance the company's fleet management technology, enabling real-time monitoring of each bike and further streamlining operations for clients. This advancement aims to bolster customer satisfaction, making it even easier for businesses to manage their delivery processes efficiently. Moreover, the financing will support the expansion of VelyVelo’s operations, allowing the company to meet the surging demand for e-bikes throughout France, as more businesses recognize their efficiency and sustainability benefits. As cities continue to embrace green initiatives and reduce carbon footprints, VelyVelo is poised to play a pivotal role in transforming urban logistics. With their unwavering commitment to excellence in fleet management and their innovative approach to electric bike leasing, VelyVelo looks forward to a future marked by growth, sustainability, and success.