EVELO

EVELO designs, develops and distributes electric bikes for all purposes. Consumers are increasingly choosing electric transport options, leading to global e-bike sales estimates of $15B in 2016, with significant growth in the North American sector.

EVELO is at the forefront with innovative technology, well-built bikes, and a direct-to-consumer distribution model allowing lower prices and higher margins – resulting in $1M revenue in Q2 2016 and $6M of products sold and shipped since inception.

Team Background

Boris Mordkovich - Co-Founder & CEO

Co-founded, grew and eventually sold two other companies. Helped launched Turo.com, a person-to-person carsharing company. When launching EVELO, Boris biked 4,000 miles from New York City to San Francisco to test the initial EVELO bike and better understand the market.

Yevgeniy Mordkovich - Co-Founder & CTO

The idea for a better electric bike came to Yevgeniy in 2011. An avid cyclist, he had a hard time getting his wife to go with him on a ride due to varying strength levels between them. Thus, he sought to build a solution. To resolve this no-win situation, Yevgeniy built his wife an electric bicycle from scratch and that led to the eventual launch of EVELO. Prior, Yevgeniy co-founded two other startups that went on to be eventually acquired.

Co-Investors