Eovolt

What Eovolt does

Eovolt, now operating under the UTO brand, is a French manufacturer of compact and folding electric bicycles headquartered and assembled in the Lyon region of France. The company sells two main product families: the OG series (OG16, OG20, OG24, OG200) covering entry-level to cargo use cases, and the PRO series (PRO16, PRO20, PRO20 NE) featuring proprietary automatic locking hinges, belt-drive transmissions, and automatic gear shifting on premium models. Bikes retail between €1,699 and €2,999, with all units hand-assembled at the company's own Lyon factory and backed by a 5-year frame warranty. A PRO20 NE non-electric variant and the multi-award-winning PRO20 design anchor the premium positioning.

Revenue is generated through direct-to-consumer e-commerce via utobikes.com, a network of physical bike resellers across France, a dedicated B2B portal (b2b-utobikes.com) under the UTO Business brand for corporate fleet and employee mobility solutions, and a subscription leasing channel through partner Motto in Lyon and Paris starting from €2/day. Target customer segments include urban commuters, multimodal/intermodal travelers combining cycling with public transport, leisure cyclists, and enterprise clients procuring fleets. The company is privately held, backed by impact investor RAISE Impact and Financière Arbevel following a €16 million funding round in September 2022, with stated plans to triple production by 2025 and expand market share across Europe.

Name

Eovolt

Legal name

Eovolt

Website

https://eovolt.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Eovolt (now UTO) is a French manufacturer of folding and compact electric bicycles, hand-assembled in Lyon, selling through DTC e-commerce, a French reseller network, a B2B fleet portal, and a Motto leasing partnership to urban commuters, multimodal travelers, leisure riders, and enterprise fleet customers.

Ownership category

akta.pro rank

Product category

Folding Electric Bicycles

NAICS

Motorcycle, Bicycle, and Parts Manufacturing (336991)

SIC

Motorcycles, Bicycles & Parts (3751)

akta.pro primary industry

E-bikes & E-cargo Bikes Manufacturing (IMACAOAA)

akta.pro secondary industry

E-Bike Retail (CRAMAHAE)

Keywords

• Folding electric bicycles
• Compact electric bikes
• Urban mobility solutions
• Bike leasing services
• Multimodal commuting

Headquarters

HQ city

Bourges

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Electric Bicycle Sales: Primary revenue stream from the sale of folding and compact electric bicycles (OG16, OG20, OG24, PRO16, PRO20, PRO20 NE, OG200) sold directly via e-commerce and through resellers. Prices range from €1,699 to €2,999.
2. Accessories Sales: Sale of compatible accessories including bags, batteries, chargers, security, and transport accessories for UTO/Eovolt bikes.
3. Business/B2B Fleet Solutions: UTO Business offers flexible and personalized mobility solutions for companies, including fleet leasing and rental arrangements through partner Motto.
4. Leasing/Rental (Motto Partnership): Individual and business leasing solutions through partner Motto, offering bikes from €2/day, providing recurring revenue from subscription-style rentals in Lyon and Paris.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Eovolt (now operating as UTO) designs, hand-assembles, and sells folding and ultra-compact electric bicycles — including the OG16, OG20, OG24, OG200, PRO16, PRO20, and PRO20 NE models — through its own e-commerce store, a network of French bike resellers, and a dedicated B2B portal. The company also offers compatible accessories and a subscription-style bike leasing program through partner Motto.

Product overview

UTO (formerly Eovolt) is a French manufacturer of compact and folding electric bicycles. The product lineup consists of two main series: the OG series (OG16, OG20, OG24, OG200) offering lightweight and versatile folding bikes, and the PRO series (PRO16, PRO20, PRO20 NE) featuring higher-tech models with belt drives, automatic gears, and self-locking hinges. All bikes are designed and hand-assembled in the company's factory in the Lyon region. The company also offers accessories, business fleet solutions, and a leasing program through its Motto partnership.

Differentiator

Problem solved

Functional benefit

Products and services

• OG16 Electric Folding Bike Compact electric folding bike with 16-inch wheels, marketed as the lightest and most maneuverable UTO electric bike, intended for short trips and intermodality (combining cycling with public transport).
• OG20 Electric Folding Bike Versatile electric folding bike with 20-inch wheels, positioned for daily commutes and leisure riding, offering adaptability across transportation needs.
• OG24 Electric Compact Bike Electric compact bike with 24-inch wheels that delivers a riding experience close to a traditional bicycle while maintaining the brand's compact format.
• OG200 Electric Cargo Bi-Place Bike Two-seat electric cargo bike designed for carrying two riders with comfort, style, and stability, expanding the OG range into shared/cargo use cases.
• PRO16 Electric Folding Bike High-tech folding electric bike targeting urban riders who want premium features, equipped with belt drive transmission, automatic gears, and self-locking hinges.
• PRO20 Electric Folding Bike Award-winning premium folding electric bike designed for simplified use, balancing aesthetics, performance, and versatility, equipped with belt drive and automatic locking hinges.
• PRO20 NE (Non-Electrique) Folding Bike Non-electric version of the multi-award-winning PRO20 folding bike, offering the same design and folding features without motor assistance, aimed at riders who want a lightweight, low-maintenance bike.
• UTO/Eovolt Bike Accessories Range of branded accessories — bags, batteries, chargers, security items, and transport solutions — sold separately and compatible with UTO/Eovolt bike models.
• UTO Business (Corporate Fleet & Leasing) B2B mobility solution offering flexible and personalized corporate fleet and leasing arrangements for companies, leveraging the Motto leasing partnership to deliver employee mobility programs.
• Motto Bike Leasing / Rental Subscription-style bike leasing and rental service for UTO/Eovolt bikes, delivered via partner Motto from €2/day in Lyon and Paris, providing a recurring-revenue rental alternative to consumer purchase.

Quantifiable outcome

• Most folding bikes offer 50–70 km of battery range
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• MottocoreChannel Partner/ Reseller/ DistributorMotto is a leasing partner offering bike rental and subscription services for UTO bikes at €2/day, serving individual customers in Lyon and Paris. UTO Business also leverages Motto to offer fleet solutions to enterprise customers. The partnership provides a recurring revenue stream and extends customer access through a rental model.

Scale indicators3 records

Recent moves4 records

Expansion highlights6 records

Regional players

• Moustache Bikes: Moustache is a French e-bike manufacturer with a strong dealer network across France and Europe. While primarily focused on non-folding urban and trekking e-bikes, it competes for the same French commuter buyer and reseller relationships.
• Velobike: Velobike is a French folding bike specialist with both conventional and electric models. It is a regional competitor to UTO in the French folding bike segment, targeting similar intermodal commuter customers.

Direct peers

• Brompton Bicycle: Brompton is the iconic UK-based manufacturer of folding bicycles, now offering electric variants. It is the most direct competitor to UTO in the premium folding e-bike category, with overlapping urban commuter and intermodal customer segments.
• Tern Bicycles: Tern manufactures compact and folding bicycles, including electric models like the Vektron. It competes head-to-head with UTO in urban folding e-bikes, targeting similar commuters and multimodal travelers worldwide.
• Gocycle: Gocycle is a UK premium folding e-bike brand focused on urban riders, with patented quick-folding designs and proprietary technology. It is directly comparable to UTO on premium positioning, folding mechanics, and tech-forward product features.

Emerging players

• Cowboy: Cowboy is a Belgian connected e-bike startup offering premium urban e-bikes with subscription and financing options. While not focused on folding, it competes for the same urban, design-conscious commuter customer that UTO targets.
• VanMoof: VanMoof was a Dutch premium e-bike brand known for its connected, design-forward urban bikes before entering financial difficulty. It was a notable direct competitor to UTO's positioning in the European premium urban e-bike market.
• Angell Mobility: Angell is a French connected e-bike startup producing premium urban e-bikes with integrated technology. It targets the same French urban mobility customer as UTO and competes for shelf space at premium resellers.

Broad incumbents

• Decathlon: Decathlon is a French sporting goods giant with a broad e-bike portfolio, including folding models under its own brands like B'Twin. It competes with UTO across price points and uses its massive retail footprint to drive volume.
• Rad Power Bikes: Rad Power Bikes is a major US-headquartered e-bike brand with growing European presence. It offers a broader portfolio of e-bikes including utility and commuter models, competing for value-conscious urban buyers across geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@utobikes
• LinkedInlinkedin.com/company/eovolt

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eovolt