Vok shifts urban deliveries into high gear with $6M Series A funding

Estonian mobility company Vok Bikes has raised $6 million Series A to further expand across Europe and accelerate the shift away from vans in city centres. It brings the company’s funding to $10 million.

Vok Bikes designs and manufactures automotive-grade, four-wheeled electric cargo bikes built specifically for commercial use in dense urban environments. Since launching in 2020, the company has emphasised in-house engineering, resulting in innovations like its proprietary 4Drive drivetrain, which delivers superior ride quality and durability compared to conventional cargo bikes. 

Designed from the ground up for city logistics, Vok bikes offer a durable, low-maintenance, and highly manoeuvrable alternative to vans. As cities tighten emissions regulations and deal with worsening congestion, Vok presents a solution that is both environmentally friendly and commercially viable. 

“Vans are a blunt tool for a precision job,” says Indrek Petjärv, CEO and co-founder of Vok Bikes.

“Cities have changed, and Vok is designed for how they move today.” 

Businesses across Europe are already seeing the benefits. In a test by e-bike rental company Zoomo, a Vok XL beat a van by 20 minutes on a delivery route through London — a 44 per cent faster delivery time with zero emissions and no parking delays. Cost comparisons show that Vok is up to 64 per cent more efficient than small city vans over five years, due to lower fuel, maintenance, tax, and parking expenses. 

While vans are often lauded for their cargo capacity, urban data tells a different story. In cities like London, 66 per cent of vans operate with less than half of their cargo space used. 

SQM Lithium Ventures, the corporate venture capital team affiliated with SQM International Lithium (SQMi), a global leader in lithium production led the funding which was joined by existing investors Metaplanet, Specialist VC, Sunly, and SmartCap – Estonia’s state-backed VC fund, whose Green Fund investment is supported by the EU’s NextGenerationEU recovery plan.

“We are thrilled to support a brand that is redefining electromobility,” said Mark Fones, CEO of SQM International Lithium. 

“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.” 

Vok is right-sized for city deliveries, with no wasted weight, energy, or space. 

Moreover, Vok enhances urban accessibility. Its compact design allows for parking virtually anywhere and direct access to delivery points, circumventing the challenges vans face with limited parking and restricted zones. 

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.

“Each Vok e-bike produces up to 95 per cent less CO₂ than a petrol car, carries up to 100 deliveries, and glides through city traffic,” said Mark Bushby of Modern Milkman, a UK-based delivery company. “We’re already seeing the business and environmental benefits.” 

With new funding, strong client traction, and a product engineered for modern logistics, Vok Bikes is positioned to become a key player in the shift toward sustainable urban mobility.

Lead image: Vok Bikes founders Siim Starke, Riho Koop, Indrek Petjärv. Photo: Liisi Ruuse. Photo: uncredited.