Tallinn-based Vok Bikes has raised $6 million in a Series A funding round led by SQM Lithium Ventures, the corporate venture arm of global lithium producer SQM International Lithium (SQMi). Existing investors Metaplanet, Specialist VC, Sunly, and state-backed SmartCap also participated, the latter through its Green Fund supported by the EU’s NextGenerationEU recovery plan. Vok develops four-wheeled electric cargo bikes designed specifically for city logistics, offering an alternative to vans in urban delivery networks. The company plans to use the funds to expand its operations across Europe, scale production, and strengthen logistics partnerships.
Vok Bikes was founded by a team with experience in e-mobility and electric vehicle development. The company designs and manufactures four-wheeled electric cargo bikes aimed at improving urban delivery logistics. Operating in several European cities, Vok Bikes focuses on addressing challenges related to last-mile deliveries, including efficiency, speed, and the working conditions of couriers, while also considering the impact of transportation on city environments.
“We are thrilled to support a brand that is redefining electromobility,” said Mark Fones, CEO of SQM International Lithium. “Vok’s in-house 4Drive system and top-tier engineering approach have raised the bar by delivering reliability and ride quality on par with automotive standards.”
Built specifically for urban delivery, Vok’s vehicles offer a nimble, low-emission alternative to vans, with in-house technology like their 4Drive system delivering automotive-grade performance. As cities across Europe impose stricter emissions rules and face growing congestion, Vok positions itself as a right-sized, scalable alternative for last-mile logistics.
“Vans are a blunt tool for a precision job,” says Indrek Petjärv, CEO and co-founder of Vok Bikes. “Cities have changed, and Vok is designed for how they move today.”
In real-world tests, Vok outperformed vans by 44% in delivery speed and proved up to 64% more cost-effective over five years, due to savings on fuel, maintenance, and parking. Vok’s footprint already spans 14 countries, serving companies from local bakeries to major names like Wolt and IKEA, both of which have integrated Vok bikes into their operations.
With rising demand and increasing climate pressures, Vok is poised to redefine city transport — one emission-free delivery at a time.
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Read the orginal article: https://arcticstartup.com/vok-bikes-raises-6-million-in-a-series-a/
