Veo

Veo

Operates shared micromobility e-scooters and e-bikes

Overview

VeoRide provides shared micro-mobility options in urban areas by offering electric scooters and electric bikes that users can locate, unlock, and pay for through a mobile app. The model is pay-as-you-go, with a base unlock fee plus a per-minute ride charge, letting people rent vehicles as needed instead of owning them. The fleet is designed in-house with a focus on safety, durability, and user experience, including features like built-in blinkers. VeoRide operates in 50 U.S. cities, serving urban residents, students, and commuters who want a clean and flexible transport option. The company distinguishes itself through its emphasis on safety features, ongoing model improvements from rider and city feedback, and a strong commitment to safety, innovation, and community engagement. Its goal is to reduce car dependency by providing accessible, sustainable transportation that is easy to use and affordable.

About Veo

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

Industries

Automotive & Transportation

Industrial & Manufacturing

Consumer Software

Company Size

201-500

Company Stage

Series A

Total Funding

$16M

Headquarters

Chicago, Illinois

Founded

2017

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Simplify's Take

What believers are saying

  • Denver launched Rover on July 28, 2026, starting with 50 trikes.
  • Salt Lake City added 1,000-plus Veo scooters on July 22, 2026.
  • Rochester riders took 600,000 rides in 2025, up 41% year over year.

What critics are saying

  • CBS Colorado reported August 6, 2026, that Denver scooters still block sidewalks.
  • Veo will add warnings August 10, 2026, then parking corrals through 2027.
  • Persistent Denver complaints threaten Veo's exclusive contract and future city bids in 2027.

What makes Veo unique

  • Veo's in-house fleet spans scooters, cargo bikes, duo bikes, and Rover trikes.
  • Denver's 2026 sole-operator contract gives Veo exclusivity after Lime and Bird exited.
  • Rover's 10 mph trike and accessibility design target disabled and older riders.

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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

-1%

1 year growth

-2%

2 year growth

1%
Associated Press
Jul 28th, 2026
Veo launches Rover, North America's only shared electric trike, in Denver

Veo has launched Rover, North America's only shared electric trike, debuting in Denver with an initial fleet of 50 vehicles. The three-wheeled vehicle was developed alongside disability advocates, older adults, and over 20 community organisations including the Disability Mobility Initiative and Parkinson's Foundation. Rover features a stable three-wheel design, throttle assist for easier hill navigation, and cargo baskets capable of carrying up to 100 pounds. The trike has a top speed of 10 mph and offers a comfortable seated design for riders of varying ages and abilities. Denver now hosts one of North America's largest shared micromobility programmes with 9,000 vehicles across five types. Veo will monitor rider feedback before expanding Rover citywide.

Wired
Jul 28th, 2026
Is the electric trike the next big thing in shared micromobility?

Is the electric trike the next big thing in shared micromobility? Veo is launching accessibility-focused electric tricycles in Denver, with plans to put its e-trikes on the streets nationwide. All products featured on WIRED are independently selected by our editors. However, we may receive compensation from retailers and/or from purchases of products through these links. Learn more. Rideshare micromobility vehicles are a common sight in major cities around the world, whether that's a bicycle program or electric scooters. Now, a company called Veo is introducing electric tricycles into the mix.

Associated Press
Jul 22nd, 2026
Veo deploys 1,000 electric scooters in Salt Lake City with seated options

Veo launched a shared electric scooter service in Salt Lake City, deploying more than 1,000 scooters across the city. The Santa Monica-based micromobility provider's fleet includes two models: the seated Cosmo and standing Astro scooters, with half being seated to accommodate riders of diverse ages and abilities. To mark the launch, Veo is offering the Pioneer Pass, providing new riders with up to 45 minutes of free daily riding through the end of July. The pass will be automatically added to new accounts. The company also offers Veo Access, a discounted fare programme for residents with qualifying incomes. Riders can download the Veo app from the App Store or Google Play to begin using the service.

Yahoo Finance
Jul 22nd, 2026
Veo launches shared scooter service in Salt Lake City.

Veo launches shared scooter service in Salt Lake City. More than 1,000 electric scooters arrive across the city, with free rides through July Veo's Salt Lake City Fleet Santa Monica, CA, July 22, 2026 (GLOBE NEWSWIRE) - Veo, a leading U.S. shared micromobility provider, today launched shared electric scooter service in Salt Lake City, deploying a fleet of more than 1,000 electric scooters across the city. The launch introduces Salt Lake City riders to Veo's accessibility-focused fleet, featuring the seated Cosmo scooter and the standing Astro scooter. Half of the fleet consists of seated scooters, increasing access for riders of diverse ages and abilities. The fleet reflects Veo's commitment to expanding access to shared micromobility by offering vehicles that serve a wider range of riders and trip types. To celebrate the launch, Veo is offering the Pioneer Pass, which provides riders with up to 45 minutes of free riding per day through the end of July while supplies last. The pass will be automatically added to every new rider's account. "Veo is excited to get Salt Lake City rolling with free rides through July," said Jeff Hoover, Director of Government Partnerships at Veo. "With half of our fleet made up of seated scooters, we're expanding access to shared micromobility by giving more residents a comfortable, approachable way to get around. We look forward to partnering with the City to improve transportation options and make the city more accessible to all." Veo is committed to making clean transportation affordable for everyone. Residents with qualifying incomes can enroll in Veo Access, the company's discounted fare program, to receive reduced ride rates.

Greater Greater Washington
Jul 15th, 2026
Veo survey captures why shared bikes have become essential transportation in DC.

Veo survey captures why shared bikes have become essential transportation in DC. Sponsored Listing by Alex Posorske, Policy and Partnerships Manager, East at Veo DC residents are increasingly turning to shared bikes to get around the city. Veo riders have taken more than 3 million trips since the company brought its teal and black e-bikes to DC in 2023. Ridership continues to grow, with rides already up 50% this year compared to the same time last year. Veo surveyed more than 750 riders across the District via an app-based survey promoted to Veo members in late 2025 to better understand what's driving that growth. The results suggest that shared bikes are becoming essential everyday transportation for many residents. Who's riding? Shared bikes are serving residents with different backgrounds and transportation needs. Survey respondents represented a wide cross-section of residents. Riders reflected DC's diversity, with 59% identifying as Black, 22% as white, and 12% as Latino. More than half (54%) reported household incomes below $50,000 annually. Nearly one in four (24%) identified as having a disability, and 17% were age 45 or older. Veo is also supporting mobility for non-drivers. More than half of respondents (51%) said they do not own or have access to a car, while 36% said they do not have a driver's license. Why people are riding. We've all been there - missing the bus, running late for work, or simply trying to get across town to meet friends for happy hour. For many DC residents, shared bikes are the quickest and easiest way to get there. Nearly half of survey respondents (47%) said they use Veo to save time and avoid the hassles of driving, parking, or traffic. Others said they ride because it's fun (42%), to save money on gas, parking, or ride-hailing (35%), or to connect to public transit (27%). "It gets me to work faster and on time. I love it," one survey respondent said. The survey also found that shared bikes are helping residents stay connected to the city around them. More than half of riders (58%) reported using Veo to connect to transit within the past week. Nearly 60% agreed that Veo makes it easier to live in DC, while 43% said access to shared bikes helps them visit local businesses more often. Helping residents get around without a car. In a city where many trips are short and driving can be a challenge, shared bikes are helping people drive less. Seventy-eight percent of riders said they've been able to decrease car travel because of Veo, while 41% said access to shared bikes helped them postpone purchasing a car or decide they didn't need one at all. "Veo has been a game changer in how I navigate DC. When parking is tight or I need to get between meetings quickly, it's essential," one survey respondent said. Increasing access with seated vehicles and affordable service. For many riders, the vehicle type can make the difference between being able to use shared mobility and not riding at all. Veo's e-bikes offer added stability with a seat, low center of gravity, and a throttle that makes pedaling optional. About a quarter of survey respondents reported having a disability, and when given the choice between a seated or standing vehicle, 89% said they'd prefer a seated vehicle. One rider described how they used shared bikes after an injury: "After rupturing my Achilles tendon, walking quickly became difficult, so Veo has been immeasurably helpful." Veo offers several memberships that make it more affordable to ride. The Veo Access program offers discounts for riders with low incomes, while Veo Plus offers two tiers of discounted memberships for frequent riders, plus the option to buy minutes in bulk. A growing part of daily transportation in DC. Veo is proud to offer an accessible, affordable transportation option that helps residents get where they need to go. As shared bikes continue to play a larger role in how people move around the District, we're committed to improving the rider experience and expanding access to sustainable transportation. Alex Posorske is Policy and Partnerships Manager, East at Veo, where he works to advance Veo's mission to end car dependency by making clean transportation accessible to all. Before joining Veo, Alex served as Managing Director at the Coalition for Smarter Growth, Executive Director at the transit advocacy group Ride New Orleans, and as Marketing and Communications Director at TARC, Louisville's transit agency. He lives in Trinidad and definitely still calls the D20 the X2.

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