Metro Vancouver e-mobility companies are consolidating with Burnaby's Envo Drive Systems buying Vancouver-based Veemo's assets out of bankruptcy.
The so-called "velomobiles" that it used in that venture were enclosed human-powered vehicles, which used pedal power and solar-panel-generated electricity to operate. The vehicles were regulated to travel at a top speed of 32 km per hour. It noted on its website at the time that it was not able to say "say with confidence" that it could deliver vehicles to people who paid deposits.
Envo's biggest selling products are urban commuter e-bikes that it sells through 120 dealership partners across Canada. Those bikes are designed in Burnaby, with parts manufactured in Asia and then assembled in Burnaby. He expects that growth to slow to about 25 per cent next year because the e-bike market was oversupplied with product during the pandemic. The number of companies making e-bikes has also ballooned, meaning that he has much more competition.