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Vok Bikes has raised $6 million in Series A funding to expand across Europe and accelerate urban deliveries, led by SQM Lithium Ventures.

Jul 02, 202514 days ago

Amount Raised

$6 Million

Round Type

series a

TallinnTransportation

Investors

Smart CapSunlySpecialist VcMetaplanetSqm Lithium Ventures

Description

Estonian mobility company Vok Bikes has raised $6 million in Series A funding to expand across Europe and enhance urban delivery solutions. The funding brings the company’s total to $10 million, aiming to replace vans in city centers with electric cargo bikes. Vok's innovative designs promise superior ride quality and durability tailored for urban logistics. Lead investors include SQM Lithium Ventures along with existing backers like Metaplanet and Specialist VC.

Company Information

Company

Vok Bikes

Location

Tallinn, Harju Maakond, Estonia

About

Vok Bikes designs and manufactures automotive-grade, four-wheeled electric cargo bikes built specifically for commercial use in dense urban environments. Since launching in 2020, the company has emphasised in-house engineering, resulting in innovations like its proprietary 4Drive drivetrain, which delivers superior ride quality and durability compared to conventional cargo bikes.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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