By futureTEKnow | Editorial Team
Vok Bikes, an Estonian mobility innovator, has just closed a $6 million Series A funding round. This fresh capital, led by SQM Lithium Ventures and supported by Metaplanet, Specialist VC, Sunly, and SmartCap, is set to supercharge Vok’s mission: transforming how goods move through Europe’s bustling city centers.
Founded in 2019 by Indrek Petjärv, Riho Koop, and Siim Starke, Vok Bikes is not your average e-bike startup.
The company designs and manufactures automotive-grade, four-wheeled electric cargo bikes—purpose-built for the demands of urban logistics.
Their focus on in-house engineering has led to the development of the proprietary 4Drive drivetrain, a system that promises superior ride quality and durability compared to traditional cargo bikes.
Four-wheeled design for enhanced stability and safety.
Low-maintenance and highly maneuverable—ideal for dense city environments.
Alternative to delivery vans, helping reduce congestion and emissions.
SQM Lithium Ventures: The venture arm of Sociedad Química y Minera de Chile (SQM), a global leader in lithium production, is steering the round.
Focus: Early-stage startups in lithium production, electromobility, and water management.
Existing backers: Metaplanet, Specialist VC, Sunly, and SmartCap are doubling down on their support.
With this new funding, Vok Bikes aims to:
Expand its electric cargo bike fleet across Europe.
Accelerate the shift away from vans in city centers.
Support sustainable, efficient last-mile delivery.
The rise of electric cargo bikes like those from Vok signals a shift in how cities approach urban mobility and last-mile logistics. As e-commerce and on-demand delivery continue to grow, solutions that are durable, eco-friendly, and tailored for city life are more relevant than ever.
Stay tuned for more updates on how Vok Bikes is reshaping the future of city logistics with cutting-edge engineering and a clear vision for sustainable urban transport.
Founded in 2018, futureTEKnow is a global database dedicated to capturing the world’s most innovative companies utilizing emerging technologies across five key sectors: Artificial Intelligence (AI), immersive technologies (MR, AR, VR), blockchain, robotics, and the space industry. Initially launched as a social media platform to share technology news, futureTEKnow quickly evolved into a comprehensive resource hub, spotlighting the latest advancements and groundbreaking startups shaping the future of tech.
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