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About Veo
Industries
Automotive & Transportation
Consumer Software
Company Size
201-500
Company Stage
Series A
Total Funding
$15.6M
Headquarters
Chicago, Illinois
Founded
2017
Overview
VeoRide offers shared electric scooters and bikes as an alternative to traditional urban transportation, aiming to reduce reliance on cars. Users can rent these vehicles through a mobile app, which allows them to locate, unlock, and pay for rides conveniently. The pricing model includes a base fee and a per-minute charge, making it flexible and affordable for urban residents, students, and commuters. VeoRide differentiates itself with a focus on safety and user experience, featuring in-house designed vehicles with built-in safety measures. The company's goal is to provide accessible and sustainable transportation options while engaging with the community and continuously improving its services.
Simplify's Take
What believers are saying
- Veo's partnerships with universities increase brand visibility among students.
- The launch of retail seated scooters opens a new revenue stream for Veo.
- Competitors' financial struggles may allow Veo to capture additional market share.
What critics are saying
- Increased competition from Lime's LimeGlider could attract more riders in key markets.
- Slow bike infrastructure development may hinder Veo's expansion in some cities.
- AI tools for parking compliance could increase operational costs if not managed well.
What makes Veo unique
- Veo designs its fleet in-house, focusing on safety and user experience.
- The company integrates AI for parking compliance, enhancing operational efficiency.
- Veo's #StayInYourLane campaign promotes bike lane riding, improving user safety.
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Funding
Total Funding
$15.6M
Meets
Industry Average
Funded Over
1 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
401(k) Company Match
401(k) Retirement Plan
Stock Options
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↑ 3%2 year growth
↑ 3%UTA partnered with Veo to bring electric bikes and scooters to campus for students' convenience.
"Central Current, Inc has seen the growth of bike-sharing, with the City partnering with VeoRide to provide
Veo has partnered with Captur, an artificial intelligence (AI) parking compliance tool, it announced recently.
UTA introduces Veo scooters, bikes to enhance transportation options throughout campus.
Lime’s new LimeGlider will hit Seattle streets starting Oct. 12. (GeekWire Photo / Kurt Schlosser)I’ve had some scary wobbles riding scooters on some of Seattle’s less-than-smooth roadways. Thankfully I’ve never hit the pavement. But during a test ride Wednesday, I may have fallen for Lime’s latest electric micromobility device.The new “LimeGlider” is coming to Seattle on Monday in the first pilot anywhere on the planet for the half e-scooter, half e-bike. Lime will roll out 280 of the green and black sit-down devices in the University District to test how well they are received in a city where the company has been operating since 2017.With 10,000 bikes and scooters already on Seattle streets as part of the Scooter and Bike Share program run by the Seattle Department of Transportation, Lime calls Seattle a global leader in this form of transportation
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About Veo
Industries
Automotive & Transportation
Consumer Software
Company Size
201-500
Company Stage
Series A
Total Funding
$15.6M
Headquarters
Chicago, Illinois
Founded
2017
Veo is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today