Smartcap and Specialist VC participate in Vok Bikes' $6M Series A round
Vok Bikes, the Estonian company behind a new generation of four-wheeled electric cargo bikes, has raised $6M to further expand across Europe and accelerate the shift away from vans in city centers.
The Series A funding round was led by SQM Lithium Ventures, the corporate venture capital team affiliated with SQM International Lithium (SQMi), a global leader in lithium production. The round was joined by existing investors SmartCap, Specialist VC, Metaplanet, and Sunly.
“We are thrilled to support a brand that is redefining electromobility. 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,” said Mark Fones, CEO of SQM International Lithium.
Voks are now in use across 14 countries, serving clients from a mobile car wash in the Netherlands to bakeries in London. Early adopter Wolt has scaled its fleet in seven countries, and IKEA stores in Utrecht and Stockholm now offer Vok bikes for customer rentals — a sign of mainstream momentum. With strong demand from across Europe, a growing base of clients and partners, and a vehicle designed from the ground up for urban logistics, Vok is well-positioned to lead the next era of sustainable city transport.
For more information, visit Vok Bikes homepage.