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Industries
Automotive & Transportation
Consumer Software
Company Size
201-500
Company Stage
Series A
Total Funding
$15.6M
Headquarters
Chicago, Illinois
Founded
2017
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 company operates in 50 cities across the U.S. and generates revenue through a pay-as-you-go model, charging a base fee plus a per-minute rate. VeoRide distinguishes itself from competitors by focusing on safety and user experience, with features like built-in blinkers and a commitment to continuous improvement based on user feedback. The goal of VeoRide is to provide accessible, eco-friendly transportation options while engaging with the community and promoting a culture of safety and innovation.
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Total Funding
$15.6M
Meets
Industry Average
Funded Over
1 Rounds
Series A Funding Comparison
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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
LINK scooters maker Superpedestrian will reportedly cease operations in Seattle and elsewhere in the U.S. (Superpedestrian Photo)Seattle’s scooter and bike share program is navigating a bit of a bumpy road as one company with devices on city streets has filed for bankruptcy and another is reportedly shutting down operations.Bird filed for bankruptcy on Wednesday, saying in a news release that the “financial restructuring process” is aimed at “strengthening its balance sheet and better positioning the company for long-term, sustainable growth.” Bird first received a permit to operate electric scooters in the city in 2022. This summer the company added bikes to the mix, and as of this month had a fleet of more than 1,800 units in the city, according to data from the Seattle Department of Transportation.Miami-based Bird said it will operate as usual during the bankruptcy process, “maintaining the same service for its riders and upholding its commitments to partner cities, fleet managers, and employees.” A Bird spokesperson confirmed in an email to GeekWire that that commitment applies to Seattle, where the company plans to continue a “strong relationship with the City administration to ensure the correct number of scooters are deployed.” Bird said it expects to continue to operate with its same local team of employees.A Bird electric bicycle in downtown Seattle. (GeekWire File Photo / Taylor Soper)Meanwhile, Superpedestrian, makers of LINK e-scooters, is reportedly shutting down U.S. operations at the end of December, according to a TechCrunch story last week and posts by employees on LinkedIn. The Cambridge, Mass.,-based company raised $125 million last year, but TechCrunch reported that the reason for the shutdown was financial
At the end of October, Veoride, Inc launched its #StayInYourLane campaign to encourage bike lane riding and discourage a common issue in many cities: sidewalk riding.
For instance, in March 2022, Veo has successfully launched the Class 2 e-bike with throttle-assist, in Birmingham, Ala; Seattle Wash; Santa Monica, Calif; Syracuse, New York; and on the University of Alabama campus.
Since the City of Fort Wayne's announcement, Veo has launched a campaign to garner community support and keep the scooters in downtown Fort Wayne.
Shared micromobility firm Veo launches retail seated scooter.
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Industries
Automotive & Transportation
Consumer Software
Company Size
201-500
Company Stage
Series A
Total Funding
$15.6M
Headquarters
Chicago, Illinois
Founded
2017
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