VELLO CMC SIGNED

Project "VELLO CMC" data sheet

The following table provides information about the project.

 Partnership

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Map

 Project objective

VELLO has designed the world’s first self-charging folding e-bike, VELLO BIKE. We want to take this product, VELLO BIKE, from beta product and production to full-scale production for a successful EU-wide roll. We do this by maximising social impact from production to user, and exploiting a 296 MM€ (by 2024) business opportunity. Thus, we are convinced that with this novel e-bike, we can provide additional choices for individual e-mobility with high benefits, bringing more people on bikes, raising the field of application for e-bikes, and at the same time filling important gaps in terms of multimodal mobility. VELLO is an Austrian-based R&D hub and manufacturer of innovative mobility products established in 2017. We have successfully developed a series of innovative solutions in the field of mobility. It is estimated that 95% of the world’s population is breathing dirty air, which contributes to severe diseases to the lungs and heart. Cities are the biggest contributors. While accounting for only 3% of the earth’s surface, they generate 75% of all carbon emissions. There is a need for decarbonised cities and a wide range of greener micro-mobility products providing city dwellers with more and better choices. Less fossil-fuel driven cars means a reduction in CO2 emission rates. Folding e-bikes are one of the solutions, but existing ones are heavy, complicated to fold, feel unstable when riding and do not recuperate energy. Moreover, no other existing folding e-bike enables IoT connectivity that would allow the development of new business models and offerings. We have developed the first self-charging folding e-bike that runs on kinetic energy recovery system (K.E.R.S.) with super-efficient energy regeneration and real-time environmental sensing and connectivity capabilities. With this new e-technology, we are currently also the lightest e-bike on the market. Our patented self-charging folding bike benefits users and cities by enabling multimodal commuting.