EVELO

Smart electric bicycles, sold direct to the consumer

Last Funded January 2017

$731,722

raised from 447 investors

Highlights

1
$1M in revenue in Q2 2016; $6M+ in revenue since inception
2
60-70% growth year-over-year
3
Saves consumers up to 50% markup per bike
4
Innovative Omni Wheel converts any traditional bike into electric in 20 minutes, with no technical skills required, at a fraction of the cost
5
Backed by Shark Tanks’ Barbara Corcoran and Foundry Group’s Brad Feld
6
3,000+ happy customers (see http://www.shopperapproved.com/reviews/evelo.com/)
7
Direct-to-consumer distribution eliminates costly retail distributors and unnecessary markup to the end user

Our Team

Overview