Team Economic Energy was the creation of John Carden and Leslie Everest in 2000. Economic Energy Ltd is owned by John Carden. John chaired the club as well as sponsoring the team. At the AGM in December 2008 John Carden was not re-elected to the chair. The club also adopted a more comprehensive constitution and voted to change its name to East London Vélo. Economic Energy Ltd has since declined to renew its sponsorship. Leslie Everest continues in her role as Secretary of East London Vélo.
