Veo

Veo

Offers shared electric scooters and bikes

About Veo

Simplify's Rating
Why Veo is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Automotive & Transportation

Consumer Software

Company Size

201-500

Company Stage

Series A

Total Funding

$16M

Headquarters

Chicago, Illinois

Founded

2017

Overview

VeoRide offers shared electric scooters and bikes as an alternative to traditional urban transportation, aiming to reduce car dependency. Users can rent these vehicles through a mobile app, which allows them to locate, unlock, and pay for rides easily. The pricing model includes a base fee and a per-minute charge, making it flexible and affordable for urban residents, students, and commuters. VeoRide operates in 50 cities across the U.S. and focuses on safety and user experience, with features like built-in blinkers on their vehicles. The company stands out from competitors by continuously improving its fleet based on user feedback and technological advancements. VeoRide's goal 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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Simplify's Take

What believers are saying

  • Veo's partnerships with universities increase brand visibility and user adoption.
  • Competitors' financial struggles may allow Veo to capture additional market share.
  • Throttle-assist Class 2 e-bikes attract users preferring effortless riding experiences.

What critics are saying

  • Lime's new LimeGlider could attract more riders in key markets like Seattle.
  • Slow bike infrastructure development may hinder Veo's service expansion.
  • AI tools for parking compliance may require additional investment and adaptation.

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 safety and compliance in urban areas.

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Funding

Total Funding

$16M

Meets

Industry Average

Funded Over

1 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$16M
Veo
$30M
Kalshi

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

Headcount

6 month growth

5%

1 year growth

2%

2 year growth

3%
City of Toledo
Mar 13th, 2025
City and Veo Kick Off 2025 E-Scooter Season in Toledo

The City of Toledo, in partnership with Veo, officially launched the 2025 Veo season with a press conference highlighting the return of shared electric scooters to city streets.

The Shorthorn
Jan 14th, 2025
UTA transportation services get Mavericks moving throughout campus and Arlington

UTA partnered with Veo to bring electric bikes and scooters to campus for students' convenience.

Central Current
Nov 27th, 2024
City auditor: Syracuse's work on bike infrastructure behind; just 11% of work promised 12 years ago done

"Central Current, Inc has seen the growth of bike-sharing, with the City partnering with VeoRide to provide

Government Technology
Nov 8th, 2024
E-Scooter Operator Turns to AI to Ensure Parking Compliance

Veo has partnered with Captur, an artificial intelligence (AI) parking compliance tool, it announced recently.

The Shorthorn
Oct 17th, 2024
UTA introduces Veo scooters, bikes to enhance transportation options throughout campus

UTA introduces Veo scooters, bikes to enhance transportation options throughout campus.

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