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Velotric, Led by Lime Co-founder, Debuts New E-Bike for U.S. Market

MENLO PARK, Calif.–(BUSINESS WIRE)–Velotric, a new e-mobility startup founded by Lime’s original hardware team and industrial experts, announces the launch of a crowdfunding [IndieGoGo] campaign for its debut product, the Velotric Discover e-bike.

With a top speed of 20mph, Velotric Discover is designed to let you effortlessly explore the world in a comfortable, reliable, and climate-conscious way. The e-bike comes with 3-level pedal assist and a 7-speed Shimano gear setup, plus the 65Nm torque assistance of a 500W motor. Equipped with a 692Wh LG/SAMSUNG lithium-ion battery, Velotric Discover offers a range of up to 80 miles on a single charge, making it the most efficient e-bike today.

The entire product weighs 64lbs / 29kg including bike, battery, front and rear fender, and rear rack. The maximum load for the bike is 300lbs / 136kg. Designed with a small carbon footprint in mind, it allows you to take smooth and safe rides whether to work or for recreation.

Velotric believes e-mobility products such as an e-bike can help users be closer to their environment, moving people more efficiently and sustainably. Velotric is designed to bring you effortless exploration in a simple, comfortable, and reliable ride.

The e-bike is equipped with both front (12V) and rear (6V) lights. The rear light includes a safety feature that provides a higher beam of light when riders brake. The rear light also has a reflector that integrates to the entire light.

Accessories available for the Velotric Discover include an additional battery ($299), a front rack with cord ($25), and a water bottle rack ($7). The “Touring Package” ($299) includes all three items (battery, front rack with cord, bottle rack).

Velotric is led by Lime co-founder Adam Zhang, who oversaw Lime’s hardware team from 2017-2020. Under his leadership, Zhang designed and manufactured three generations of e-scooters and two generations of e-bikes. The team’s experience at Lime gives them a unique perspective on not only the e-mobility market, but also the supply chain. In his 3 years at Lime, Zhang led the development and global supply chain of around 1 million units of electric 2-wheel vehicles over multiple generations. Zhang and his team have the best know-how in both engineering design and quality control, and deliver best-in-class user experiences. This combination puts Velotric in a position to fulfill demand and create a product that caters to consumers looking for e-mobility products.

IndieGoGo campaign will run through November 21,2021.

YouTube: “Embrace Your City with Velotric eBike”

Velotric is an e-mobility startup founded by Lime’s original hardware team and industrial experts. The company is led by Lime’s co-founder Adam Zhang, who oversaw company’s hardware team from 2017-2020, and is responsible for design and manufacturing of multiple generations of e-scooters and e-bikes.

Velotric believes e-mobility products enable users to be closer to their environment, help people move more sustainably, and alleviate much of the transportation difficulties we face today.

Contacts

Adam Zhang

Velopower, Inc

contact@velotric.bike

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