# Econic One: Sporting goods, Eschborn, Germany

> Econic One: Econic One is a Bulgarian e-mobility company that designs and manufactures smart, connected electric bicycles. Based in Eschborn, Germany.

Source: https://millionrounds.com/startup/econic-one-2 (Millionrounds; every figure on the page links to its filing or article)

Germany · [Sporting goods startup](https://millionrounds.com/companies)

# Econic One

Econic One is a Bulgarian e-mobility company that designs and manufactures smart, connected electric bicycles.

Funding reported Last round: Venture (Round not Specified)

Sporting goods Eschborn, Germany

Company summary

- **Founded:** 2021 5 years old
- **Team:** 9 1 to 10 people
- **Funding reported:** 7.2M as listed, currency not stated
- **Last round:** Venture (Round not Specified) Jul 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Econic One has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Econic One

Econic One is a Bulgarian e-mobility company that designs and manufactures smart, connected electric bicycles.

Founded in 2014 and operating under the name Econic One since 2020, the company focuses on promoting urban freedom and sustainable travel. Its product lineup includes versatile e-bike models such as the Adventure and Bandit, featuring 500W rear motors and 500Wh lithium-ion batteries that offer ranges of 100 to 142 km. Additional tech features include GPS tracking, automatic locking, and anti-theft alarms, all integrated with a proprietary smart-bike app. Econic One targets individual sports enthusiasts and bicycle lovers, as well as business customers like corporate fleets. The bikes are sold directly online and through an international network of specialized bike retailers in Germany, Austria, the USA, and across Europe. The company is headquartered in Varna, Bulgaria, with dual operations in Eschborn, Germany, and has successfully raised over $6.09 million from various investors.

## What company datasets say Econic One raised

Funding, as reported

Reported in all **7.2M** in the source's currency

Last round **Venture (Round not Specified)**

Last round size **6.6M**

Last round date **Jul 2022**

## On a portfolio page

Investors who name them

- [Innovation Capital](https://millionrounds.com/fund/innovation-capital)

Each firm lists Econic One on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

consumers anti-theft alarm distribution manufacturing app control social media marketing information technology & services sporting goods manufacturing b2c online shop b2b e-bike sales mechanical or industrial engineering smart bike technology services consumer products & retail smart e-bikes

Built with from their website

CloudFlare Max Mega Menu Viewport Meta Google Play Hubspot Google Analytics Ecommerce Tracking CloudFlare CDN Google Font API Cloudflare Insights Apple Pay

+8 more

Boomerang JS library Mobile Friendly Shopify Open Graph American Express jQuery jQuery UI Visa

- **Sector:** Sporting goods
- **Industry code:** NAICS 336991, SIC 3599
- **Region:** Hesse

## Sporting goods in Germany

Startups like it

- [**Canyon** Koblenz · founded 1996](https://millionrounds.com/startup/canyon)
- [**WINQS** Berlin · founded 2020](https://millionrounds.com/startup/winqs)
- [**Vice Golf** Munich · founded 2012](https://millionrounds.com/startup/vice-golf)
- [**Betterguards Technology** Hennigsdorf · founded 2014](https://millionrounds.com/startup/betterguards-technology)
- [**Urwahn Engineering GmbH** Magdeburg · founded 2017](https://millionrounds.com/startup/urwahn-engineering-gmbh)
- [**Puttmee** Cologne · founded 2016](https://millionrounds.com/startup/puttmee)
- [**HEZO Sports** Saarbruecken · founded 2022](https://millionrounds.com/startup/hezo-sports)
- [**RESTUBE** Ettlingen · founded 2012](https://millionrounds.com/startup/restube)

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