{"data":{"type":"company_profile","id":10781,"entity_id":"wefunder:company:10781","attributes":{"canonical_url":"https://wefunder.com/evelo","generated_at":"2026-06-16T13:08:57Z","updated_at":"2026-06-16T05:02:08Z","entity_ids":{"company":"wefunder:company:10781","slug":"wefunder:company_slug:evelo"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-16T13:08:57Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-16T05:02:08Z","as_of":"2026-06-16T13:08:57Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-16T05:02:08Z","as_of":"2026-06-16T13:08:57Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-03-18T00:44:59Z","as_of":"2026-06-16T13:08:57Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-03-18T00:44:59Z","as_of":"2026-06-16T13:08:57Z","confidence":"medium"}}},"company":{"id":10781,"entity_id":"wefunder:company:10781","slug":"evelo","name":"EVELO","tagline":"Smart electric bicycles, sold direct to the consumer","elevator_pitch":"EVELO designs, develops and distributes electric bikes for all purposes. 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He has extensive experience in the technology space, and previously co-founded and sold two other companies.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/68921/square_cropped_EVELO_founder.jpg?1476468933","profile_url":"https://wefunder.com/yevgeniy.mordkovich","linkedin_url":"https://www.linkedin.com/in/yevgeniy-mordkovich-115a555","related_urls":["https://wefunder.com/yevgeniy.mordkovich"]}],"featured_investors":[],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":41,"featured_investors":0,"faq_entries":5},"active_fundraises":[{"id":6722,"entity_id":"wefunder:fundraise:6722","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"equity","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":1000,"max_purchase":9,"funding_target":100000.0,"funding_started_at":"2016-10-19T02:36:36Z","funding_closed_at":"2017-01-13T05:00:00Z","auto_close_at":"2017-01-13T04:59:59Z"}],"latest_fundraise":{"id":6722,"entity_id":"wefunder:fundraise:6722","state":"successful","offering_type":"4(a)(6)","structure":"equity","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2016-10-19T02:36:36Z","funding_closed_at":"2017-01-13T05:00:00Z","terms":{"eb":null,"nb":"$7.5M","txt":"pre-money valuation"}},"recent_posts":[],"q_and_a":[{"id":6666,"entity_id":"wefunder:comment:6666","question":"Hi, Do you own any patents for this product? Where can I find the unit price? What age group customers do you usually find buying this?","author_name":"Rakesh Podupati","votes":2,"created_at":"2016-11-23T18:53:58Z","canonical_url":"https://wefunder.com/evelo#question-6666","answers":[{"id":7248,"entity_id":"wefunder:comment:7248","answer":"Hi Rakesh, I'm happy to provide the unit price to you and any additional information you may need. Please email me directly via boris@evelo.com and we'll send it to you. As for the customer demographics, I would say that they are broadly divided into the following key demographics: - About 35-40% of our customers are going to be in their late 30s to mid-50s who get an electric bike, in large part, for commuting and getting around town. Oftentimes, it will be to replace their 2nd vehicle or public transportation. Many of them are very new to cycling, never having really done it before. - Another 45-50% of our customers are going to be in their mid-50s to mid-70s (baby boomers). These folks, equally split among men and women, get an electric bike primarily for recreation and as a way to stay fit and active. Many of them have not cycled for 15-20 years and are just getting back into it. Frequently, they'll buy a bike first for themselves and 3-12 months later, will get another one for their spouse. - The remaining customers vary. Some of them will be younger folks (relatively - still in their 30s) who will get an Omni Wheel for themselves. Others will do it because they want to lose weight and improve their health. Hope this helps! Boris Mordkovich Co-Founder \u0026amp; CEO","author_name":"Boris Mordkovich","votes":2,"created_at":"2016-12-30T13:00:04Z"}]},{"id":6189,"entity_id":"wefunder:comment:6189","question":"There are now hundreds of ebikes on the market. Some very sophisticated and some very average in build quality. There are even some very good E wheels out there......with all this competition why should I invest in this company?","author_name":"John Cuuningham","votes":2,"created_at":"2016-10-26T19:12:28Z","canonical_url":"https://wefunder.com/evelo#question-6189","answers":[{"id":6267,"entity_id":"wefunder:comment:6267","answer":"Hi John, You raise a great point. There are competitors in this space and the technology itself changes and innovates every single year. As such, we believe that the technology itself is only half of the solution. We must continue to develop cutting-edge, affordable products but that alone is not going to be enough. I believe that our core strength and advantage is a nearly fanatical focus on developing a direct-to-consumer electric bike brand that delivers an exceptional experience to the customer that no other traditional bike company can beat. - Ambassador Program (earn money from showing your bike), - 10-Day At Home Trial, - 7-Days a Week Live Support, - Stress-Free Service \u0026amp; Warranty Management (when there is a problem, we setup an appt for you to drop off a bike locally and deal directly with the shop) - [IN PROGRESS] Subscription-Based Ownership, - [IN PROGRESS] 5 Year Comprehensive Warranty, - [IN PROGRESS] Proactive Problem Detection (we can find out about problems with your bike before you, as a customer, will) Some of the \"soft\" elements mentioned above have never been done in the bike industry. And when they are all put together, it really elevates the entire buying experience for the customer. We find that the reason we win our customer's business, even with dozens of competitors out there, is 50% due to the product that we sell and 50% due to everything we do to make it easy, stress-free, and rewarding for a customer to buy from us. Hope this addresses your question! Boris","author_name":"Boris Mordkovich","votes":3,"created_at":"2016-10-28T18:25:41Z"}]},{"id":322491,"entity_id":"wefunder:comment:322491","question":"are you still in business as of 12/25","author_name":"Charles R Thomson","votes":1,"created_at":"2026-01-05T18:25:59Z","canonical_url":"https://wefunder.com/evelo#question-322491","answers":[]},{"id":237794,"entity_id":"wefunder:comment:237794","question":"Please send us investor update for the last quarter","author_name":"Jimmy Traettino","votes":1,"created_at":"2023-03-07T21:28:49Z","canonical_url":"https://wefunder.com/evelo#question-237794","answers":[]},{"id":219443,"entity_id":"wefunder:comment:219443","question":"Hello. I'm an early Wefunder investor, fan, and user. I love the product and your mission. Do you have any updates on if or when there would be a liquidity event? Have any companies approached you about an acquisition? I'd like to know more about how you're thinking about your exit strategy. Thanks!","author_name":"D S","votes":1,"created_at":"2022-09-19T19:29:04Z","canonical_url":"https://wefunder.com/evelo#question-219443","answers":[]},{"id":175967,"entity_id":"wefunder:comment:175967","question":"Is Evelo still in business","author_name":"Richard Babjak","votes":1,"created_at":"2021-10-26T20:27:33Z","canonical_url":"https://wefunder.com/evelo#question-175967","answers":[]},{"id":104876,"entity_id":"wefunder:comment:104876","question":"Hi, how do I buy a bike? Or can I Invest and buy a bike?","author_name":"Ajibola Disu","votes":1,"created_at":"2020-09-02T16:18:30Z","canonical_url":"https://wefunder.com/evelo#question-104876","answers":[{"id":104877,"entity_id":"wefunder:comment:104877","answer":"Thank you for your interest. Please let me know what the best way to get in touch with you is and I’ll pass it along to our sales team.\u0026nbsp;Alternatively you can send an inquiry to contact@evelo.com and someone will get back to you shortly.​\u0026nbsp;","author_name":"Yevgeniy Mordkovich","votes":0,"created_at":"2020-09-02T16:37:20Z"}]},{"id":86154,"entity_id":"wefunder:comment:86154","question":"Just curious if this pandemic is making sales go up, as some ebike companys are seeing huge percentage increases in sales??","author_name":"James Harbal","votes":1,"created_at":"2020-04-15T18:58:57Z","canonical_url":"https://wefunder.com/evelo#question-86154","answers":[]},{"id":69273,"entity_id":"wefunder:comment:69273","question":"UPDATE???","author_name":"James Harbal","votes":1,"created_at":"2019-11-20T16:56:30Z","canonical_url":"https://wefunder.com/evelo#question-69273","answers":[]},{"id":69272,"entity_id":"wefunder:comment:69272","question":"UPDATE???","author_name":"James Harbal","votes":1,"created_at":"2019-11-20T16:56:30Z","canonical_url":"https://wefunder.com/evelo#question-69272","answers":[{"id":69401,"entity_id":"wefunder:comment:69401","answer":"Hi James, We do send out an annual update every January. If you haven't received the last one, please send me an email at boris@evelo.com and we can get it handled!​ Boris","author_name":"Boris Mordkovich","votes":0,"created_at":"2019-11-21T16:08:42Z"}]},{"id":30261,"entity_id":"wefunder:comment:30261","question":"I see the market for this especially in major city’s like New York but my question is what makes you guys unique? Than any other electric Bicycle or a scooter companie? Also do you see your company perhaps shifting to a rental e-bike like an car2go but for bikes ?","author_name":"Mamed Gafurov","votes":1,"created_at":"2018-11-10T04:37:41Z","canonical_url":"https://wefunder.com/evelo#question-30261","answers":[]},{"id":29793,"entity_id":"wefunder:comment:29793","question":"Can you please Update us!!","author_name":"James Harbal","votes":1,"created_at":"2018-11-01T23:40:35Z","canonical_url":"https://wefunder.com/evelo#question-29793","answers":[]},{"id":11695,"entity_id":"wefunder:comment:11695","question":"Live on Long Beach Island New Jersey, everything Medal is rusting i'm 15 speed bike with the brakes front and back will last 3 years down here from the salt air, how was your bike hold up in these environments?","author_name":"Rob Mettee","votes":1,"created_at":"2017-08-06T15:19:40Z","canonical_url":"https://wefunder.com/evelo#question-11695","answers":[]},{"id":11393,"entity_id":"wefunder:comment:11393","question":"When will you raise your next round of funding?","author_name":"Douglas M Rawlings","votes":1,"created_at":"2017-07-27T20:14:06Z","canonical_url":"https://wefunder.com/evelo#question-11393","answers":[{"id":11421,"entity_id":"wefunder:comment:11421","answer":"Hi Douglas, Please feel free to reach out to us directly for further information. You can reach me at boris@evelo.com Thank you, Boris","author_name":"Boris Mordkovich","votes":0,"created_at":"2017-07-28T15:11:26Z"}]},{"id":11251,"entity_id":"wefunder:comment:11251","question":"I need a price on the omni-wheel, retail. I would also like to know if you have opportunities to resell your products?","author_name":"Nick Lytle","votes":1,"created_at":"2017-07-24T19:35:17Z","canonical_url":"https://wefunder.com/evelo#question-11251","answers":[]},{"id":8820,"entity_id":"wefunder:comment:8820","question":"Is this still open to invest in?","author_name":"Carl Welti","votes":1,"created_at":"2017-03-30T21:38:08Z","canonical_url":"https://wefunder.com/evelo#question-8820","answers":[{"id":8833,"entity_id":"wefunder:comment:8833","answer":"Hi Carl, Thank you for your interest! If you are an accredited investor, you can still invest in EVELO via the following platform: https://www.seedinvest.com/evelo/seed.ii If this is something of interest, please feel free to check out the information at the link above or email me directly at boris@evelo.com Look forward to having you onboard! Boris Mordkovich Co-Founder \u0026amp; CEO EVELO","author_name":"Boris Mordkovich","votes":0,"created_at":"2017-03-31T00:41:16Z"}]},{"id":8351,"entity_id":"wefunder:comment:8351","question":"Will there be another opportunity to invest in EVELO in 2017?","author_name":"Mark Wittel","votes":1,"created_at":"2017-03-04T10:23:51Z","canonical_url":"https://wefunder.com/evelo#question-8351","answers":[{"id":8834,"entity_id":"wefunder:comment:8834","answer":"Hi Mark, Thank you for your interest! If you are an accredited investor, you can still invest in EVELO via the following platform: https://www.seedinvest.com/evelo/seed.ii If this is something of interest, please feel free to check out the information at the link above or email me directly at boris@evelo.com Look forward to having you onboard! Boris Mordkovich Co-Founder \u0026amp; CEO EVELO","author_name":"Boris Mordkovich","votes":0,"created_at":"2017-03-31T00:41:24Z"}]},{"id":7969,"entity_id":"wefunder:comment:7969","question":"Is it too late to invest?","author_name":"Edward J ESPOSITO","votes":1,"created_at":"2017-02-04T06:05:14Z","canonical_url":"https://wefunder.com/evelo#question-7969","answers":[]},{"id":7727,"entity_id":"wefunder:comment:7727","question":"I would like to invest in your company. Please advise when the campaign will start again.","author_name":"Vinayak Mehta","votes":1,"created_at":"2017-01-20T19:44:54Z","canonical_url":"https://wefunder.com/evelo#question-7727","answers":[]},{"id":7587,"entity_id":"wefunder:comment:7587","question":"What return do you get on your funds with $1000","author_name":"Shameem Humphries","votes":1,"created_at":"2017-01-12T20:01:32Z","canonical_url":"https://wefunder.com/evelo#question-7587","answers":[]},{"id":7586,"entity_id":"wefunder:comment:7586","question":"What is the ROI at this point with $1000 down","author_name":"Shameem Humphries","votes":1,"created_at":"2017-01-12T20:00:07Z","canonical_url":"https://wefunder.com/evelo#question-7586","answers":[]},{"id":7549,"entity_id":"wefunder:comment:7549","question":"how do i cancel this investment","author_name":"Robert Hawley","votes":1,"created_at":"2017-01-10T01:05:19Z","canonical_url":"https://wefunder.com/evelo#question-7549","answers":[]},{"id":7538,"entity_id":"wefunder:comment:7538","question":"How much has the company spent on warranty in the last 12 months and what are your plans to reduce that number going forward?","author_name":"Chad Leffelman","votes":1,"created_at":"2017-01-08T21:28:48Z","canonical_url":"https://wefunder.com/evelo#question-7538","answers":[{"id":7546,"entity_id":"wefunder:comment:7546","answer":"Hi Chad, We spend about 4% of our revenue on all of the Service and Warranty related expenses. As we finetune our products, proactively anticipate common issues (if any), and continue the training of our team, this number tends to get reduced over time. Hope this is helpful! Best, Boris","author_name":"Boris Mordkovich","votes":0,"created_at":"2017-01-09T14:45:39Z"}]},{"id":7484,"entity_id":"wefunder:comment:7484","question":"My review of this opportunity is at https://www.youtube.com/watch?v=kUmUCRfRI_0 . Summary: I'm net positive this company but would make only half the usual allocation due to the strong defensibility they will need to maintain until exit. As well there's no room for a misstep. Potential M\u0026amp;A target if they have good integration with other electronics.","author_name":"Kevin Lawton","votes":1,"created_at":"2017-01-06T06:51:53Z","canonical_url":"https://wefunder.com/evelo#question-7484","answers":[{"id":7492,"entity_id":"wefunder:comment:7492","answer":"Hi Kevin, Thank you so much for taking the time to put together this video. Your feedback, suggestions and observations are very much appreciated. Just want to chime in on a few things mentioned in the video: 1. Regarding the \"Series Seed-1 Preferred Stock\" and \"Series Seed SAFE Preferred Stock\", I've provided a more comprehensive response to that question below, but just want to recap it here for reference. In 2015 and early 2016, we entered into convertible equity instruments (with terms like the SAFE that you have linked to) with our first friends and family investors. Under the terms of those instruments, our early investors were granted the right to convert their investments into preferred stock in our first priced round, at a specified price. This Series Seed round is our first priced equity round. The Series Seed SAFE Preferred Stock is the preferred stock granted to those investors pursuant to those convertible equity instruments. There are no additional convertible equity instruments or SAFE instruments at this point, and EVELO is only currently raising capital by selling Series-Seed-1 Preferred Stock. 2. Regarding the lack of the video, you raise a good point there. This is an area where we could have done better and it is something that we'll work on to improve in the future. I do appreciate you pointing this out, as it helps us to put ourselves in the shoes of the investor. 3. You've talked about the need for strong execution over the next few years - on the product side, on the service side, on the customer relations side. We certainly agree that we have a lot of work cut out for us. That said, we're confident that we'll be able to it and here's why: a. My co-founder and I have worked together for a decade already during which time we founded, grew and sold 2 other companies. Albeit in different spaces, we feel that the fact that this isn't our first company will help us reduce the common errors associated with startups. b. Our team brings together decades of experience from the traditional bike industry, retail, e-commerce, marketing. These are all of the things that we need to get right and I am very confident in our team's ability to work together and deliver on the objectives. c. While we're still a young company, we have been around for several years and can draw on many of the lessons, mistakes, learnings that we've accumulated during this time period. While we're by no means perfect and will certainly have missteps in the future, we feel confident about getting the foundation right by this point. This means product development, distribution, customer service, marketing, finances and everything else that it takes to build a successful organization. I hope this is helpful. As always, I am happy to address any questions or comments you may have! Best, Boris Mordkovich Co-Founder \u0026amp; CEO","author_name":"Boris Mordkovich","votes":0,"created_at":"2017-01-06T16:01:08Z"}]},{"id":7479,"entity_id":"wefunder:comment:7479","question":"The Series Seed document specifies the issuance of both \"Series Seed-1 Preferred Stock\" and \"Series Seed SAFE Preferred Stock\". SAFE is not in the definitions section; I'm assuming it refers to Simple Agreement for Future Equity, as discussed in the following links. Given the crowdfund audience, it'd be good if you given an overview of the mechanics/intent of SAFE and the issuance of Seed-1 \u0026amp; Seed SAFE. http://www.ycombinator.com/documents/ http://www.mbbp.com/news/shadow-preferred-stock","author_name":"Kevin Lawton","votes":1,"created_at":"2017-01-06T01:01:12Z","canonical_url":"https://wefunder.com/evelo#question-7479","answers":[{"id":7490,"entity_id":"wefunder:comment:7490","answer":"Hi Kevin, In 2015 and early 2016, we entered into convertible equity instruments (with terms like the SAFE that you have linked to) with our first friends and family investors. Under the terms of those instruments, our early investors were granted the right to convert their investments into preferred stock in our first priced round, at a specified price. This Series Seed round is our first priced equity round. The Series Seed SAFE Preferred Stock is the preferred stock granted to those investors pursuant to those convertible equity instruments. There are no additional convertible equity instruments or SAFE instruments at this point, and EVELO is only currently raising capital by selling Series-Seed-1 Preferred Stock. Please let me know if there are any follow up questions. Best, Boris","author_name":"Boris Mordkovich","votes":0,"created_at":"2017-01-06T15:17:27Z"}]}],"faq":[{"question":"I want to congratulate you on this project! Cycling is picking up traction around the world and riding bicycles is becoming a tradition for many families. I like the idea of providing a service such as the subscription based model that will offer repair services and so forth. ...","answer":"Hi Guevara, Thanks so much for your question. We absolutely agree that cycling is picking up traction all over the world and electric bikes are introducing scores of people that traditionally were not cyclists to bikes. With equity crowdfunding, the investors receive a return on their investment once the company gets eventually acquired or goth public. Right now, we are focused on growing our market share and increasing the company's revenues and shareholder value. Eventually, as other compan..."},{"question":"What is the average battery life? How is the battery charged?","answer":"Hi Richard, The battery is charged the same way that you'd typically charge a laptop. You have a simple charger that plugs into any wall outlet. Since the battery is removable, it can be easily charged on or off the bike. The typical battery life is about 750 complete recharges, which equates to about 3-4 years of regular use. After that, it continues to be perfectly functional, but the range declines somewhat (e.g. after 750 recharges, you can expect to get about 70% of the original range). ..."},{"question":"What plans do you have to take EVELO public?","answer":"Hi Barbara, Thank you for your question. This is a tough question to answer with certainty. Typically, in our space, it is more common for companies to get acquired rather than go public - although either can happen. We will keep all of our investors posted on this. Best, Boris"},{"question":"There are now hundreds of ebikes on the market. Some very sophisticated and some very average in build quality. There are even some very good E wheels out there......with all this competition why should I invest in this company?","answer":"Hi John, You raise a great point. There are competitors in this space and the technology itself changes and innovates every single year. As such, we believe that the technology itself is only half of the solution. We must continue to develop cutting-edge, affordable products but that alone is not going to be enough. I believe that our core strength and advantage is a nearly fanatical focus on developing a direct-to-consumer electric bike brand that delivers an exceptional experience to the cu..."},{"question":"Can you tell me more about your broadening in Canada? Reason why I ask also due to recent events with the Canada and EU trade agreement. Do you have plans of opening shops in EU and UK as well?","answer":"Hi there! Absolutely. The trade agreement should not have a material effect on our international expansion. We are looking to start with Canada, given that our headquarters are in Seattle and it would be fairly simple for us to expand with an office in Vancouver, BC and serve the Canadian market from there. Since we're a direct-to-consumer company, we do not necessarily need to open physical stores to be present in a market. We do, however, need an office and warehousing operations, but those..."}]}}}