French folding e-bike brand Eovolt raises €16 million

LYON, France – Eovolt, the French folding e-bike manufacturer, has completed a fundraising of €16 million from venture capital firms Raise Impact and Financière Arbevel. The founders of Eovolt Luca Chevalier and Baptiste Fullen keep a majority share of the company.
Starting October, Eovolt will start to produce a part of the wheels in house to reduce its dependency on Asian providers. – Photo Michel de Chavanon