LOVARO

company

About

Better-performing local transportation tools for the rest of us.

  • 1 - 10

Details

Last Funding Type
Non-Equity Assistant
Industries
E-Commerce,Smart Cities,Transportation
Founded date
Sep 1, 2013
Number Of Employee
1 - 10
Operating Status
Active

Most urban e-bikes force people to limit and adapt behavior around stubborn engineering initially intended for other activities like mountain riding or road racing. These vehicles fail to meet the practical needs of people running errands, shopping, commuting to work, riding with kids, or socializing with friends. Focused on these activities, we designed ROME from the ground up as the ideal blend of safety, utility, performance, and beauty.

MARKET LANDSCAPE
The experience of riding a bicycle is one that we all share, and nearly everyone loves. Still, too many city cyclists are dissatisfied with products that fail to meet their everyday needs. Confronted with many offerings, consumers have few meaningful choices. Most e-bike manufacturers focus on aggressively masculine or utilitarian styling, leaving riders practical and emotional needs largely undressed. Without useful innovation, these products alienate mainstream urbanites who perceive them as little more than expensive toys with a weak value proposition.

OUR SOLUTION
In this context, we introduce the ROME eMotorTrike. Our scalable platform blends the safety and utility of a traditional tricycle with the agility and ride-performance of a premium electric bike. Its timeless aesthetic speaks to millennials, boomers, urbanites, couples, and young families.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
LOVARO has raised a total of — in funding over 2 rounds. Their latest funding was raised on Jan 1, 2021 from a Non-Equity Assistant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 1, 2021 Non-Equity Assistant 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
LOVARO is funded by 1 investors. Newchip are the most recent investors.
Investor Name Lead Investor Funding Round
Newchip Non-Equity Assistant