Tallinn-based Vok Bikes, an innovative Estonian startup specializing in electric cargo bikes, has successfully raised $6 million in a Series A funding round. This significant investment marks a pivotal moment for the company as it aims to transform last-mile delivery solutions across Europe by replacing traditional vans with sustainable, next-generation e-cargo bikes.
The funding round was led by SQM Lithium Ventures, the corporate venture capital arm of SQM International Lithium, with participation from existing investors such as Metaplanet, Specialist VC, Sunly, and Estonia’s state-backed SmartCap. This financial boost will enable Vok Bikes to scale its operations and expand its presence in key European markets, including the UK.
Founded with a mission to make urban logistics more sustainable, Vok Bikes designs four-wheeled electric cargo bikes tailored for city environments. These bikes are durable, low-maintenance, and highly maneuverable, offering a practical alternative to delivery vans that contribute to traffic congestion and pollution in urban centers.
The company’s innovative approach has already gained traction with partnerships in the delivery and logistics sectors. With this new capital, Vok Bikes plans to accelerate the shift away from vans, helping cities reduce carbon emissions and improve air quality. Their expansion strategy focuses on growing their fleet and establishing a stronger foothold in major European cities.
We are thrilled to partner with SQM Lithium Ventures and our existing investors to bring sustainable delivery solutions to more cities across Europe,
said a spokesperson for Vok Bikes. The startup’s vision aligns with the growing demand for eco-friendly transportation options in urban areas facing increasing regulatory pressures on emissions.
As Vok Bikes continues to innovate in the micromobility space, this $6M funding round positions them as a leader in the transition to greener urban logistics. The company’s efforts are set to inspire other startups and established firms alike to rethink traditional delivery models in favor of sustainable alternatives.
Andrew Lee
