Founded in 2017, Veo is a shared micromobility company that builds its own fleet of electric scooters and bikes rather than relying on third-party manufacturers. The firm focuses on durable, long-lasting vehicles to keep unit economics strong, claiming profitability prior to seeking outside capital. Its newest model, the Astro 4 e-scooter, is engineered for a three-year lifespan and includes turn signals, enhanced lighting, and IoT features to cut operating costs and improve safety. Veo releases roughly one new vehicle each year and will debut a winter-friendly model in Q1 2022 to mitigate seasonal demand swings. The company also offers sit-down scooters like the Cosmo to serve riders uncomfortable with traditional stand-up devices. Looking ahead, Veo plans to expand its R&D budget to create additional form factors and meet unmet urban mobility needs. Recent city permits in Santa Monica, San Diego, and New York underpin its U.S. expansion strategy. Financially, the firm just closed its first institutional round to purchase vehicles and deepen municipal partnerships.

Total raised

$16M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2021