What Velokurjers does

SIA "Velokurjers," founded in 1999 and headquartered in Riga, Latvia, is a privately held bicycle-first courier and last-mile delivery operator serving Riga, the rest of Latvia, the Baltic states, Europe, and CIS countries. Its core offering is a three-tier express delivery service: A (immediate, 24/7), B (four-hour standard during business hours), and C (next-business-day economy), supported by a fleet mix spanning bicycles, e-bikes, cargo bikes, vans, and microbuses, optimized for each shipment weight and distance. Differentiated services include a dedicated courier ("Kurjers tikai jums"), fixed-price Riga delivery, microbus rental with driver, flower/chocolate delivery, US Embassy visa document handling via an authorized channel-partner relationship, mobile bicycle repair (VELO SOS), and a full-service Velosipēdu remonts workshop offering maintenance, pickup/delivery, and winter storage. Proprietary in-house technology underpins operations, comprising real-time courier tracking with map visualization, courier photo, and signature capture, a three-way communication system, automated shipment management, a B2B e-commerce storefront at b2b.velokurjers.lv selling e-MTB, e-cargo, and e-city bicycles plus Bosch, Shimano, and Supernova components across Europe, and a self-serve customer portal at mans.velokurjers.lv for ordering, tracking, and invoice management with 0.50-0.70 EUR online discounts.

Revenue is generated through transactional courier fees with tiered surcharges (off-hours EUR 3-8, Jūrmala zone surcharge EUR 1.50-3), monthly volume discounts of 5-20% for invoices above EUR 200-900, B2B bicycle and component sales, bicycle repair and rental services, and event-services including Veloruļļu cīņas gold-sprint rentals at EUR 520 + VAT per day. Enterprise customers include Rimi, Lidl, Drogas, Orkla Latvija, Accenture, Samsung, Ideal, and Neste, complemented by SMB and individual consumers served through the 24/7 dispatch center, online portal, and direct phone ordering. The company holds a Latvian mail service provision license (pasta pakalpojumu sniegšanas atļauja), is led by Chairman Oļegs Stoļarovs since founding, has no external investment or M&A activity disclosed, and is organized with a small team spanning couriers, auto-couriers, operators, programmers, and management.

The operating model is vertical-integrated within a single city and selectively extended beyond: a 24/7 Riga-based dispatch coordinates a multi-modal fleet matched to parcel size for last-mile urban delivery, while economy C-delivery and B2B bicycle commerce extend addressable reach to the broader Baltic and European markets. Brand authority is built on longevity (25+ years), a top-3 position in the Latvian internal postal services market, leadership in Riga express delivery, organization of the 2018 World Courier Championship, and active partnerships with the Latvian Cycling Union, EuroVelo, Baltic Trails, the US Embassy in Riga, and other community initiatives.

Name

Velokurjers

Legal name

SIA "Velokurjers"

Website

https://velokurjers.lv

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Velokurjers, founded in 1999 in Riga, Latvia, is a bicycle-first courier and last-mile delivery operator offering tiered A/B/C express, standard, and economy services to enterprises, SMBs, and individuals across the Baltics, Europe, and CIS, with proprietary tracking, a B2B e-bike storefront, and bicycle-repair and event service extensions.

Ownership category

akta.pro rank

Product category

Last-mile courier and delivery services

NAICS

Local Messengers and Local Delivery (492210), Couriers and Express Delivery Services (4921)

SIC

Trucking & Courier Services (No Air) (4210), Motorcycles, Bicycles & Parts (3751)

akta.pro primary industry

Local Document & Small Parcel On‑Demand Courier (TLAAADAA)

Keywords

• Bicycle courier services
• Last-mile delivery
• Express courier services
• Same-day parcel delivery
• E-bike retail

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Courier Delivery Services: Express delivery services with tiered options: A (immediate), B (4-hour standard), C (economy next-day). Revenue generated per delivery transaction with volume discounts for regular clients. Additional revenue from microbus rental with driver, fixed-price contracts, and parcel locker deliveries.
2. Bicycle and E-bike Sales: B2B e-commerce platform (b2b.velokurjers.lv) selling electric bicycles, cargo bikes, e-MTB bikes, and e-bike components including Bosch and Shimano parts, with shipping across Europe.
3. Bicycle Services: Bicycle repair services, rental, and Velo SOS emergency roadside assistance, Velo workshops, and storage services.
4. Event Services: Veloruļļu cīņas (gold sprint) event entertainment rentals and microbus rental for events and excursions.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Velokurjers provides bicycle-first express courier and last-mile delivery services across Riga, Latvia, the Baltic states, and Europe, using a multi-tier (A/B/C) delivery model and a mixed fleet of bicycles, e-bikes, cargo bikes, vans, and microbuses. Offerings range from letters and documents to large cargo and furniture, complemented by an online customer portal with real-time tracking, specialized services (US visa document delivery, flower delivery, dedicated courier), a mobile bicycle repair service (Velo SOS), and a B2B e-commerce platform selling electric bicycles and components.

Product overview

Velokurjers is a Latvian courier and delivery company operating since 1999 that offers a multi-tiered delivery platform combining various transport modes (bicycles, cargo bikes, cars, vans) for shipments from letters to furniture. The core offering includes A/B/C delivery tiers (immediate to economic), supplemented by specialized services such as microbus rental, dedicated courier service, fixed-price delivery, flower delivery, US visa document handling, mobile bicycle repair (VELO SOS), and a full bicycle repair workshop. The company operates a B2B e-commerce platform (b2b.velokurjers.lv) for selling electric bicycles (e-MTB, e-cargo, e-city) and components (Bosch, Shimano, Supernova), and maintains a customer portal with shipment tracking and invoice management. Services span Riga, Latvia, the Baltic region, and Europe.

Differentiator

Problem solved

Functional benefit

Brands

• Velokurjers B2B: B2B e-commerce platform for electric bicycles, cargo bikes, and e-bike components including Bosch and Shimano parts

Products and services

• Velokurjers Courier Delivery (A/B/C Tiers) Three-tier express delivery service: A (immediate / 2-hour), B (standard 4-6 hour), and C (economy next business day) across Riga, Latvia, Baltics, and Europe, using bicycles, e-bikes, cargo bikes, vans, and microbuses.
• Fixed Price Delivery (Fiksētā cena) Fixed-price courier delivery within Riga that does not vary with distance, enabling customers to plan delivery budgets in advance.
• Dedicated Courier (Kurjers tikai jums) Dedicated personal courier service with exclusive use of courier resources for a single customer.
• Microbus Rental (Mikroautobusu noma) Microbus rental with GPS tracking for excursions, events, and transport of oversized cargo such as bicycles, boats, and music equipment.
• Flower Delivery (Ziedu piegāde) Curated rose bouquets and Pūres chocolate truffles delivered in Riga, with free delivery and small/large collection options.
• US Visa Document Delivery (ASV Vīzu piegāde) Authorized document pickup and delivery service between the US Embassy in Riga and US visa applicants for passports and supporting documents.
• VELO SOS Mobile Bicycle Repair Mobile bicycle repair service that dispatches a workshop van to the cyclist's location in Riga for on-site repairs (punctures, brakes, adjustments), with optional transport to a workshop or home.
• Bicycle Repair Workshop (Velosipēdu remonts) Full bicycle maintenance and repair workshop service in Riga with pickup and delivery, offering seasonal maintenance, tire/chain repairs, winter storage, and servicing of electric and cargo bicycles.
• Veloruļļu Divcīņas (Roller Sprints / Gold Sprint) Event entertainment activity rental (gold sprint on stationary rollers) including equipment, technical staff, and event hosts for an 8-hour event.
• Velotourism (Bicycle Tourism) Bicycle tourism services and route information, including bicycle rental, operated through partner site bicycle.lv.
• B2B E-Bicycle Store (Velokurjers B2B) B2B e-commerce platform (b2b.velokurjers.lv) selling e-MTB, e-cargo, and e-city/trekking bicycles plus Bosch, Shimano, and Supernova components, with European shipping and 1-2 year warranties.
• E-MTB Bicycles Electric mountain bicycles from brands including Bulls, Conway, Haibike, Specialized, SPR, Sprint, and Transalpes, featuring Bosch Performance Line CX and Shimano mid-drive systems, with 1-2 year warranties.
• E-Cargo Bicycles Electric cargo bicycles including LarryVsHarry eBullitt, Prophete Cargo, and Cube Cargo Dual 1000, with mid-drive motors, 500Wh+ batteries, and 2-year warranties.

Named customers8 records

Segments3 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

Eight partnerships are on record, tiered core and minor.

• Latvijas Ritējbraucēju Apvienība (Latvian Cycling Union)coreStrategic or Co-development Partner · 1 January 2012Active partnership in cycling education, ecology, and development of cycling paths and routes in Riga and throughout Latvia. Company has been supporting this organization since the beginning.
• EuroVelominorStrategic or Co-development PartnerSupport for European cycling route development and promotion.
• Baltic TrailsminorStrategic or Co-development PartnerSupport for coastal cycling tourism routes in the Baltic region.
• Liela Talka (Great Cleanup)minorStrategic or Co-development PartnerAnnual environmental initiative participation and support.
• bicycle.lvminorStrategic or Co-development PartnerRelated cycling portal and tourism website with cross-promotion of cycling services.
• World Peace (Mieram)minorStrategic or Co-development PartnerSupport for peace and cycling initiatives.
• Camino LatviaminorStrategic or Co-development PartnerSupport for pilgrimage route development.
• US Embassy in RigacoreChannel Partner/ Reseller/ DistributorAuthorized document delivery service for US visa applicants - delivering passports and documents between the embassy and applicants.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• DHL Express Latvia: Global express integrator with domestic Latvian operations handling time-sensitive international documents and parcels; competes for Velokurjers' international C-tier and enterprise accounts.
• Latvijas Pasts: State-owned Latvian national postal operator offering the full range of postal, parcel, and express services; the dominant incumbent against which Velokurjers is benchmarked as 'top 3 in the internal postal services market'.
• UPS Latvia: Global integrator with domestic operations in Latvia offering express parcel services to enterprise customers; competes for Velokurjers' enterprise accounts such as Accenture, Samsung, and Neste.

Regional players

• Bring (Norwegian Post Group): Nordic parcel, courier, and logistics provider covering the Nordics and Baltics; comparable on express parcel service tiers and European reach, though primarily Nordic rather than Riga-centric.

Emerging players

• Bolt (formerly Taxify): Estonia-founded super-app offering food, grocery, and parcel courier services across the Baltics and Europe; an emerging on-demand delivery competitor with technology and capital advantages over a local single-market operator.
• Wolt: Nordic on-demand delivery platform (acquired by DoorDash) operating courier fleets in the Baltics; competes for last-mile B2B and B2C delivery demand with strong app-based ordering infrastructure.
• Cycle couriers EU (e.g., CycleExpress): European bicycle courier and same-day delivery operators (e.g., Dutch, German, UK messenger services) using the same bicycle-first last-mile model; relevant comparables for Velokurjers' niche positioning and unit economics.

Direct peers

• DPD Latvia: European parcel and courier network with local Latvian operations offering same-day, next-day, and international parcel services; competes head-on with Velokurjers' B and C delivery tiers for B2B accounts.
• Omniva: Baltic parcel locker and courier operator covering Estonia, Latvia, and Lithuania; overlaps with Velokurjers' parcel-locker (Pakomāti) C-delivery service and Baltic-region reach.
• City Express: Latvian courier and parcel delivery operator serving the same Riga and Latvia market with same-day and next-day services; directly comparable on geography, product (express courier tiers), and customer overlap.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/velokurjers
• YouTubeyoutube.com/user/velokurjers
• Facebookfacebook.com/Velokurjers
• Instagraminstagram.com/velokurjers
• LinkedInlinkedin.com/company/sia-velokurjers

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Velokurjers