EVENT

Velco | Bite Session: The Beacon & EIT Digital

In these powerful Bite Sessions, The Beacon & EIT Digital joined forces to not only talk but show the true change that companies successfully made with EIT Digital partnering. These companies will inspire, share their tips and tricks and give you transparency in their process.

Our fourth session is with Velco, a French scaleup which develops connected solution for e-biker and e-scooters. With the support of the EIT Digital Accelerator, Velco, has completed a €5 million Series A financing round led by French and Belgian investors. Leveraging innovation and strong recognition in the bicycle industry, Velco aims to connect all types of two-wheeled vehicles (i.e. e-scooters, bikes, motorcycles) in an urban environment. Velco’s connected solution helps two-wheeler brands, manufacturers and transport operators optimize fleet management, generate high value-added data for communities and fleet managers, detect accidents, track location and improve safety.

The company already supports major players in urban mobility in Franceand is targeting the European urban mobility market with an ambition to become the European market leader by 2024. Since March 2020, Velco has been actively supported by the EIT Digital Accelerator’s team in launching and coordinating the fundraising, which generated strong interest from multiple investors across Europe resulting in a €5 million series A funding.

Bite Sessions are a new format brought to you by EIT Digital and The Beacon, host of EIT Digital's new Satellite in Antwerp, Belgium. The partners joined forces to not only talk but show the true change that companies successfully made with the support of EIT Digital and by collaborating with EIT Digital partners. These companies will inspire, share their tips and tricks, and give you transparency in their process.

The @noon Bite Sessions are online and held until further notice every month at 1 pm.

Join these sessions and maybe you are the next innovation project that partners up with EIT Digital!

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