Velotric
About
About Velotric
Velotric is a consumer-mobility company whose established business is electric bicycles sold through online and dealer channels in North America. Founded in 2021 by former Lime hardware co-founder Adam Zhang, it combines product engineering, supply-chain development and customer research. Its bicycles target everyday recreation and mobility, including riders who prefer an upright position and easier mounting. The company operates from Shenzhen and supports customers through a North American dealer network.
Its consumer-exoskeleton programme restarted in 2026 after two earlier internal cancellations. The development focuses on light outdoor walking and hiking, with continuing work on sensing, materials and drive systems. The aim is wearable assistance that feels comfortable and socially acceptable to ordinary users, particularly older adults who want to stay active. The programme remains in development; a commercial launch, final specifications and shipped exoskeleton have yet to be established.
Articles
Funding
- 2026-10-16 - Series C - Velotric raises RMB 200M Series C while developing consumer exoskeletons
Velotric raised RMB200 million led by China Life Equity for its wider consumer-mobility business while developing an outdoor-walking exoskeleton. - source: chinaventure.com.cn
- 2025-10-16 - Series B - Shunwei backs Velotric’s North American e-bike growth in Series B
Funding supports North American channels, product iteration, brand development and supply-chain resilience. - source: media.qimingpian.cn
- 2023-06-05 - Series A+ - Velotric completes Series A+ led by Guangdian Capital
The company targets North America with commuter, adventure and lightweight electric bicycles. - source: 36kr.com
- 2023-03-01 - Series A - $7.4M - Velotric raises $7.4M Series A for US electric-bike expansion
Velotric raised US$7.4 million for United States electric-bike expansion, bringing capital raised during its first year to US$12 million. - source: prweb.com
Investors
- Ambrum Capital - Participant - VC - 1 funding event - first seen 2026-10-16
- China Life Equity - Lead - Unknown - 1 funding event - first seen 2026-10-16
- Fosun RZ Capital - Participant - VC - 1 funding event - first seen 2023-03-01
- Guangdian Capital - Lead - VC - 1 funding event - first seen 2023-06-05
- Redpoint China Ventures - Participant - VC - 1 funding event - first seen 2023-03-01
- Shunwei Capital - Lead - VC - 1 funding event - first seen 2025-10-16
Team
- Adam Zhang - Founder - Leads the wider electric-bicycle business and its consumer-exoskeleton development programme.
Timeline
Events
- 2026-10-16 - Funding - Velotric raises RMB 200M Series C while developing consumer exoskeletons
The exoskeleton programme targets light outdoor hiking and walking and remains in development. Research areas include sensing, materials and drive technology. The financing covers the wider consumer-mobility business; it is not a disclosed exoskeleton-only budget.
Source - 2025-10-16 - Funding - Shunwei backs Velotric’s North American e-bike growth in Series B
Shunwei Capital led; Lighthouse Capital served as financial adviser rather than a disclosed investor. Funding supports North American channels, product iteration, brand development and supply-chain resilience. This historical e-bike financing predates the2026 restart of the consumer-exoskeleton programme.
Source - 2023-06-05 - Funding - Velotric completes Series A+ led by Guangdian Capital
Guangdian Capital (光点资本) led the financing; the exact amount was not disclosed. The company targets North America with commuter, adventure and lightweight electric bicycles. A-series capital exceeding RMB100 million is cumulative, rather than the amount of this round.
Source - 2023-03-01 - Funding - Velotric raises $7.4M Series A for US electric-bike expansion
Named backers across the company’s funding included Redpoint China Ventures, Fosun RZ Capital, Uphonest Capital, Brad Bao and Toby Sun. Sales exceeded 10,000 bikes from May through December 2022. Dealer locations increased from 21 in November 2022 to144 in February 2023.
Source