About Velco

Velco provides IoT connectivity solutions for the e-bike industry, enabling real-time data collection for safety, anti-theft, and maintenance services. This technology enhances urban mobility by improving the performance and user experience of electric bikes, addressing issues such as theft and maintenance inefficiencies.

```xml <problem> E-bike manufacturers and fleet managers face challenges in optimizing performance, preventing theft, and providing enhanced user experiences due to a lack of real-time data and connectivity. Traditional methods of monitoring and managing e-bikes are often inefficient, costly, and fail to address the specific needs of urban mobility. </problem> <solution> Velco provides IoT solutions that connect e-bikes, transforming them into smartbikes with enhanced safety, anti-theft capabilities, and optimized maintenance. By digitizing the e-bike value chain, Velco enables real-time data collection and analysis, offering valuable insights to e-bike brands, fleet managers, and cyclists. The connected e-bikes collect data and transform it into high-value added services such as geolocation, theft prevention, maintenance alerts, and usage statistics. Velco's solutions empower e-bike brands to innovate with connected services, fleet managers to monitor and optimize their fleets, and cyclists to enjoy a premium riding experience. </solution> <features> - Nuotrax connected handlebars with integrated tracker for real-time geolocation and anti-theft functionality - Mobile app (Velco Rider) for cyclists, offering features such as bike locking/unlocking, theft notifications, audible alarm, and electric assistance cutoff - Fleet management application providing anonymized user data (nationality, age, gender) and usage statistics (average distance, speed, CO2 savings) - Predictive maintenance alerts based on bicycle condition data, enabling optimized maintenance schedules and reduced downtime - API for e-bike assemblers to integrate connectivity into their products - Digital ecosystem for motor diagnostics and calibration, traceability, and services for bike makers, bike shops, and riders (e.g. Valeo Cyclee) - Integration with Valeo Cyclee 48V system, providing motor diagnostics, calibration, and traceability - Cybersecurity measures to protect connected devices and data </features> <target_audience> Velco's primary customers include e-bike brands seeking to enhance their product offerings, e-bike fleet managers aiming to optimize fleet performance and security, and e-bike manufacturers looking to integrate connectivity into their bikes. </target_audience> <revenue_model> Velco generates revenue through subscriptions to its fleet management application and through the sale of its IoT devices, such as the Nuotrax connected handlebars. </revenue_model> ```

What does Velco do?

Where is Velco located?

Velco is based in Nantes, France.

When was Velco founded?

Velco was founded in 2015.

How much funding has Velco raised?

Velco has raised 13380000.

Location

Nantes, France

Founded

2015

Funding

13380000

Employees

81 employees

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Velco

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Executive Summary

velco.tech 3K+

Crunchbase

Founded 2015 – Nantes, France

Funding

Estimated Funding

$10M+

Team (75+)

No team information available.

Company Description

Problem

E-bike manufacturers and fleet managers face challenges in optimizing performance, preventing theft, and providing enhanced user experiences due to a lack of real-time data and connectivity. Traditional methods of monitoring and managing e-bikes are often inefficient, costly, and fail to address the specific needs of urban mobility.

Solution

Velco provides IoT solutions that connect e-bikes, transforming them into smartbikes with enhanced safety, anti-theft capabilities, and optimized maintenance. By digitizing the e-bike value chain, Velco enables real-time data collection and analysis, offering valuable insights to e-bike brands, fleet managers, and cyclists. The connected e-bikes collect data and transform it into high-value added services such as geolocation, theft prevention, maintenance alerts, and usage statistics. Velco's solutions empower e-bike brands to innovate with connected services, fleet managers to monitor and optimize their fleets, and cyclists to enjoy a premium riding experience.

Features

Nuotrax connected handlebars with integrated tracker for real-time geolocation and anti-theft functionality

Mobile app (Velco Rider) for cyclists, offering features such as bike locking/unlocking, theft notifications, audible alarm, and electric assistance cutoff

Fleet management application providing anonymized user data (nationality, age, gender) and usage statistics (average distance, speed, CO2 savings)

Predictive maintenance alerts based on bicycle condition data, enabling optimized maintenance schedules and reduced downtime

API for e-bike assemblers to integrate connectivity into their products

Digital ecosystem for motor diagnostics and calibration, traceability, and services for bike makers, bike shops, and riders (e.g. Valeo Cyclee)

Integration with Valeo Cyclee 48V system, providing motor diagnostics, calibration, and traceability

Cybersecurity measures to protect connected devices and data

Target Audience

Velco's primary customers include e-bike brands seeking to enhance their product offerings, e-bike fleet managers aiming to optimize fleet performance and security, and e-bike manufacturers looking to integrate connectivity into their bikes.

Revenue Model

Velco generates revenue through subscriptions to its fleet management application and through the sale of its IoT devices, such as the Nuotrax connected handlebars.