Velca closes a financing round of 750,000 euros in 4 hours through Crowdcube

  • A total of 165 investors have participated in this financing round

The electric scooter company Velca has closed a capital increase of 750,000 euros through the Crowdcube investment platform in 4 hours, which sets a new record for an equity crowdfunding operation in Spain. The funds raised will be invested in Velca’s national expansion plan and in acquiring new clients, as well as in accelerating its production.

A total of 165 investors have participated in this financing round led by business angel René de Jong, in which other leading investors such as Tom Horsey and Hugo Arévalo have also invested.

With extensive experience in the mobility sector, Velca’s founding team comes from Voi, a leading European motorcycle-sharing company. Since its creation in November 2019, Velca has launched three models of electric scooters and hopes to open its first physical store in Madrid this September.

“The combination of a young team eager to change many established rules and the experience of our lead investor René have been key to designing a strategy that would allow us to reach this milestone,” says Emilio Froján, co-founder and CEO of Velca.

“The mobility sector is taking on a leading role at Crowdcube due to the growing interest of investors in those companies seeking to transform urban mobility. Velca now joins our portfolio of European companies that assume the responsibility of leading the sustainable mobility of the future ”, adds Azahara G. Espejo, director of business development for Crowdcube in Spain.

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