Beltone Holding, one of many fastest-growing monetary establishments within the area, has introduced that its subsidiary, Beltone Enterprise Capital (BVC), has accomplished its first worldwide funding. BVC has made a strategic funding in VelyVelo, a French e-bike rental firm identified for its revolutionary method to e-bike fleet administration. The funding goals to assist VelyVelo’s enlargement into the Center East and North Africa (MENA) area, bringing sustainable city mobility options to new markets.
VelyVelo, which operates over 5,000 electrical bicycles, presents rental providers to a spread of customers, together with supply drivers, freelancers, transport corporations, and artisans. The corporate presently operates 24/7 in each France and Morocco and has plans to broaden its providers to Spain and Belgium within the close to future.
Ali Mokhtar, CEO of BVC, expressed his enthusiasm concerning the new partnership.
“We’re excited to companion with VelyVelo, an organization redefining city mobility in North Africa and Europe,” mentioned Mokhtar.
“By means of this strategic fairness funding, we’re dedicated to working hand in hand with VelyVelo to speed up its enlargement throughout the MENA area by Beltone’s assist and produce revolutionary, sustainable mobility options to new markets.”
VelyVelo’s CEO and co-founder, Asmaa Chakir Alaoui, echoed this optimism, noting that the MENA area is a pure subsequent step for the corporate’s development.
“As VelyVelo continues to guide the worldwide shift in city mobility, we’re proud to be a real recreation changer,” mentioned Alaoui.
“Following our success in Europe and Morocco, the MENA area is our subsequent frontier. To gasoline this enlargement, we welcome Beltone as a strategic investor to assist drive sustainable mobility options into new markets.”
Increasing Sustainable Mobility
VelyVelo’s all-in-one know-how platform and full-service subscription mannequin units it aside within the e-bike rental market. By specializing in optimizing fleet administration, the corporate presents a inexperienced, environment friendly, and reasonably priced mobility answer, tailor-made to the wants of companies and unbiased staff alike. Its enlargement into the MENA area, supported by BVC’s funding, aligns with rising demand for sustainable transportation options within the area.
Based in 2023, BVC has rapidly established itself as a key participant within the enterprise capital house, specializing in early-stage tech startups with regional ambitions. BVC has already invested in a number of high-potential companies, together with Bosta, ariika, Sylndr, and SehaTech, signaling its ongoing dedication to fostering innovation throughout the area.
By means of its assist, BVC goals to speed up VelyVelo’s development and additional contribute to the event of sustainable mobility options throughout the MENA area.
