Estonian startup Vok Bikes has secured $6 million in Series A funding to scale its four-wheeled electric cargo bikes across European cities. The round was led by SQM Lithium Ventures, the corporate VC arm of lithium giant SQM International Lithium (SQMi), with continued support from Metaplanet, Specialist VC, Sunly, and Estonia’s state-backed fund SmartCap, backed by the EU’s NextGenerationEU plan.
The funding will help Vok meet rising demand from city logistics operators looking to replace vans with compact, emission-free alternatives. With proven traction in 14 countries and early clients like Wolt and IKEA already scaling their fleets, Vok is positioning itself as a smart solution for urban delivery.
Vok’s bikes are designed specifically for dense urban environments where traditional vans fall short. With cities tightening emissions rules and tackling congestion, the need for cleaner, smaller, and more agile delivery vehicles has never been clearer.
“Vans are a blunt tool for a precision job,” said Indrek Petjärv, CEO and co-founder of Vok Bikes. “Cities have changed, and Vok is designed for how they move today.”
With the new funding, Vok plans to accelerate rollout in existing and new markets. This includes scaling production, expanding logistics partnerships, and optimizing its in-house 4Drive system — a custom-built technology praised for its reliability and smooth handling.
Vok will also invest in hiring and R&D to enhance its fleet’s capabilities and tailor offerings for commercial clients across Europe. Its long-term goal is to become the go-to solution for emission-free city logistics.
Founded in Estonia, Vok Bikes has built its reputation on engineering precision, modular vehicle design, and real-world performance. Their cargo bikes are already operating in 14 countries, from mobile car washes in the Netherlands to bakeries in London. One trial in London showed a Vok XL model completing deliveries 44% faster than a van, highlighting the real-time efficiency gains.
The company is also collaborating with brands that bring the concept into consumers' hands. In Utrecht and Stockholm, IKEA now rents out Vok bikes to customers, giving visibility to the company’s broader impact on how people and goods move in cities.
The Series A brings together a diverse group of backers aligned with Vok’s mission to reshape urban mobility. SQM Lithium Ventures led the round, calling the startup’s engineering “on par with automotive standards.” Existing investors Metaplanet, Specialist VC, Sunly, and SmartCap also joined again, signaling continued confidence.
From its tailored vehicle design to its sustainability metrics — including producing up to 95% less CO₂ than petrol cars — Vok stands out as a company responding directly to how cities and businesses must adapt.
