vebo°, a French innovator in sustainable mobility, has secured $600,000 in investment capital from investors. The company specializes in a unique solution that transforms traditional non-electric bicycles into electric bikes within seconds. Its compact device, vebo, attaches to a standard bicycle and provides 30 to 40 kilometers of range with assistance up to 25 km/h, aligning with current regulations.
The vebo device is designed for ease of use, featuring an integrated charger for quick and simple recharging. It is compatible with a wide range of bicycles through a custom-provided support, offering consumers and businesses a cost-effective and environmentally friendly way to transition to electric mobility without purchasing a new bike. This recent funding round underscores investor confidence in vebo°'s innovative approach and its potential to address growing demand for accessible, low-carbon transportation options.
Co-founded by Vincent Habart, Grégory Delemazure, Hicham Lahmamsi, and Rémi Vives, vebo° plans to allocate the newly raised capital towards accelerating its growth initiatives. This will include scaling its manufacturing capabilities in France, specifically at its Lille and Nantes sites, and expanding its market reach. The company emphasizes its commitment to eco-construction, aiming to provide the lowest possible carbon footprint for its users.
The investment is expected to support vebo° as it moves past its current pre-sale phase and prepares for wider availability in 2024. By enhancing its operational capacity and expanding its presence, vebo° aims to solidify its position as a key player in the evolving landscape of urban and sustainable transport, driving further adoption of electric bicycle conversions.
