Velove

Velove provides a comprehensive last-mile delivery service that includes its proprietary e-cargo bikes, a technology platform, trained riders, and urban micro-hubs. This integrated system is designed to offer a more energy-efficient and productive alternative to traditional van-based deliveries for small parcels. The business operates on a flexible, pay-for-usage model, allowing clients to scale services up or down based on demand. Velove serves logistics providers and e-commerce companies, with major clients including DHL, DB Schenker, and Bring. The company currently operates in several Nordic cities, including Stockholm, Gothenburg, Malmö, and Copenhagen.

The core of its offering is the award-winning "Armadillo" e-cargo bike, recognized as the International Cargo Bike of the Year in 2019. The four-wheeled vehicle is 86 cm wide to fit on bike paths, has a cargo capacity of up to 200 kg, and features a modular, containerized system for efficient goods handling. The company's technology platform supports the service with algorithmic routing optimized for bike infrastructure, scheduling, and customer communication. Velove also offers a training and certification program for its couriers, called "Velovers," focusing on safety, productivity, and customer service.

As of November 2019, the company had raised $1.12 million in a seed round led by Almi Invest. PitchBook data indicates a total of $22 million raised from investors including Östersjöstiftelsen and EIT KIC Urban Mobility.