United Angels VC and Superangel participated in the pre-seed funding of Vok Bikes
Vok Bikes, a Tallinn-based electric cargo bike producer already working with Wolt, has received €800,000 in pre-seed funding from local funds, United Angels VC and Superangel, as well as some regional business angels, including Pipedrive’s recently exited co-founders Ragnar Sass, Martin Henk and Martin Tajur.
Designed specifically for couriers and postal workers, Vok’s first ‘pedelecs’ have hit the streets as delivery bikes, with a range of 100 km and a top speed of 25 km/h.
The new investment will help manufacture the next 100 vehicles and fuel expansion to a couple of major European cities in the next year.
Founded in 2019, the Baltic startup’s first clients also include Lithuanian courier service Ziticity (which is currently expanding in France), Estonian e-scooter producer and fleet operator Tuul by Comodule, and Estonian national postal service provider Eesti Post. Wolt, a Finnish food delivery company, operates in over 100 cities in Europe and Japan.
United Angels VC and Superangel were advised on the investment by Ellex counsel in Estonia Antti Perli.