# EVELO Electric Bicycles: Sporting goods, Seattle, United States

> EVELO Electric Bicycles: EVELO Electric Bicycles is a Seattle-based manufacturer of premium electric bicycles and tricycles, founded in 2011 by brothers...

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

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

# EVELO Electric Bicycles

EVELO Electric Bicycles is a Seattle-based manufacturer of premium electric bicycles and tricycles, founded in 2011 by brothers Boris and Yevgeniy Mordkovich.

Funding reported Last round: Undisclosed round

Sporting goods Seattle, United States

Company summary

- **Founded:** 2011 15 years old
- **Team:** 8 1 to 10 people
- **Funding reported:** $1.0M in dollars
- **Last round:** Undisclosed round Jan 2017

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 EVELO Electric Bicycles 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 EVELO Electric Bicycles

EVELO Electric Bicycles is a Seattle-based manufacturer of premium electric bicycles and tricycles, founded in 2011 by brothers Boris and Yevgeniy Mordkovich.

The company aims to make cycling enjoyable and accessible through advanced technology, including mid-drive motors and continuously variable transmission (CVT) systems. EVELO officially launched in 2012 and focuses on direct-to-consumer sales, ensuring customers receive nearly fully assembled bikes and top-rated support. EVELO specializes in high-end, long-range electric bikes and tricycles, featuring models like the sporty Galaxy Lux, performance-focused Omega and Atlas, and the stability-oriented Compass eTrike. Their products include innovative features such as Gates Carbon Belt drivetrains and automatic shifting systems. EVELO offers a 21-day free at-home trial, free returns, and a comprehensive warranty, emphasizing personalized service from knowledgeable experts. The company has built a strong reputation for quality and customer care in the sporting goods manufacturing industry.

## What company datasets say EVELO Electric Bicycles raised

Funding, as reported

Reported in all **$1.0M** in dollars

Rounds **2**

Last round **Undisclosed round**

Last round size **$250K**

Last round date **Jan 2017**

Investors listed **7**

## On a portfolio page

Investors who name them

- [Forefront Venture Partners](https://millionrounds.com/fund/forefront-venture-partners)

Each firm lists EVELO Electric Bicycles 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

quiet operation comfortable riding bike security clean energy & technology consumers consumer goods & retail manufacturing low maintenance fenders and lights hydraulic disc brakes urban commuting tubeless tires extended range information technology & services enviolo cvt sporting goods manufacturing

Built with from their website

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+8 more

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- **Sector:** Sporting goods
- **Industry code:** NAICS 33699, 339920, 45911, SIC 3571
- **Region:** Washington
- **Revenue:** $6.5M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/evelo)

## Sporting goods in United States

Startups like it

- [**Rad Power Bikes** Seattle · founded 2007](https://millionrounds.com/startup/rad-power-bikes)
- [**Trek Bicycle** Waterloo · founded 1976](https://millionrounds.com/startup/trek-bicycle)
- [**NOBULL** Boston · founded 2015](https://millionrounds.com/startup/nobull)
- [**PING INC** Phoenix](https://millionrounds.com/startup/ping-inc)
- [**Velotric** Huntington Station · founded 2021](https://millionrounds.com/startup/velotric)
- [**KUIU** Dixon · founded 2011](https://millionrounds.com/startup/kuiu)
- [**Shock Doctor** Fountain Valley · founded 1993](https://millionrounds.com/startup/shock-doctor)
- [**Good Good Golf** Frisco · founded 2020](https://millionrounds.com/startup/good-good-golf)

## Is this your company?

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