
“Industrial design is in our DNA”
This folding bike’s features were quickly decided: it should be lightweight and designed for everyday use, easy to steer and suitable for city streets, and have zero compromises in terms of design or technology. Business economist Valerie Wolff and designer Valentin Vodev teamed up with VELLO Bike to develop a self-charging, folding e-bike for the city.
In 2017, the startup secured €1 million in investment through crowdfunding. “This allowed us to raise more funding, and we also got great feedback from customers around the world,” says co-founder Wolff.
That feedback proved instrumental in the development of the folding bike – a process that took over two years from the initial idea to the finished item ready for use. “The bicycle is a complex product, and we manufacture it here in Vienna. If, say, the saddle’s missing then nothing works,” says Wolff. As a result, the VELLO Bike in Vienna is dependent on the reliability of global supply chains.
“As a company based in Vienna, we’ve received great support, which helps us handle the day-to-day challenges that arise,” she comments.
The Vienna Business Agency contributed to the funding of the internationalisation and the technical development of another bike – the Smart Utility Bike (SUB). The SUB is a lightweight e-cargo bike with a modular design that allows it to adapt to the different needs of users. So the funding supported the technical development of a lightweight, electric and versatile cargo bike for different users.
“What would we like to see in Vienna? More flexible onboarding for new team members, as we’re currently looking for 12 new employees,” says Wolff. The company’s location in the heart of Vienna helps it attract new specialists. “Having our headquarters, warehouse and workshop on one site here streamlines processes and makes it easier to enthuse people about what we have to offer,” says this keen entrepreneur. “For me, the best thing is coming across VELLO riders who didn’t necessarily get the bike from me. We’ve grown as a company and as a team, and now I’m seeing the results on the streets!”
Vienna Business Agency services:
Funding for start-up, internationalisation and technical development.
Address:
VELLO Bike
Reinprechtsdorfer Strasse 58–60
1050 Vienna, Austria
The lightweight folding bike – with an electric motor or human powered – VELLO BIKE
June 2023