Velca

Velca, legally Velca Motor, is a Spanish manufacturer of electric two-wheeled vehicles, including motorcycles and mopeds, based in Madrid. The company was founded in 2020 by CEO Emilio Froján and Jose Manuel Campillo Alvarez, launching just before the onset of the global pandemic. Froján, who studied Political Science, pivoted towards entrepreneurship as a tool for social change after a brief stint in politics. His background in business, innovation, and a passion for sustainable cities, coupled with experience at a German electric scooter firm, shaped Velca's foundation. The company targets urban commuters seeking sustainable transportation solutions.

Velca operates on a direct-to-consumer and dealership-based sales model, generating revenue through the sale of its electric vehicles. The company has established a significant physical presence with over 80 points of sale and a network of more than 350 associated workshops for after-sales service across Spain. Since its inception, Velca has secured a total of $8.21 million in funding over five rounds from a mix of institutional investors like Sherry Ventures, Noso Capital, and BeHappyInvestments, as well as angel investors and crowdfunding campaigns. A notable Series A round in late 2023 raised €5.3 million to fuel international expansion into markets such as Italy, France, and Germany.

The product line includes several models of electric mopeds and motorcycles equivalent to 125cc combustion engine bikes. One of its flagship models, the Velca ONE, features a 7,000W motor with a 12,000W peak, a top speed of 125 km/h, and a range of up to 220 km. Its vehicles are equipped with features like Michelin City Grip 2 tires, ABS brakes, keyless start, backlit controls, and a 5-inch TFT screen with smartphone connectivity. Some models offer removable batteries that can be charged at a standard domestic socket, while others have integrated batteries with Type 2 charging ports. The company also provides an app that integrates geolocation, route planning, fall and theft alerts, and tracks the user's carbon footprint reduction.

Keywords: electric motorcycles, urban mobility, sustainable transport, e-mopeds, direct-to-consumer, dealership network, after-sales service, european market, vehicle manufacturing, cleantech