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Veo’s $16 million Series A funding round illustrates the future of financially and environmentally sustainable micromobility

by Candice Xie, Co-founder and CEO, Veo

Big news today! After having built the first truly profitable and sustainable major micromobility company, Veo just closed a Series A funding round of $16 million from Autotech Ventures, Up.Partners, FJ Labs, and Interplay Ventures. Yes, we figured out the business first, and now we are moving to scale, alongside investors who share our philosophy on responsible business practices. How absurd is it that this is truly unique in our line of business?

by Edwin Tan, Co-founder and President, Veo

by Edwin Tan, Co-founder and President, Veo

Veo stood out with high-quality vehicles and financial sustainability

Veo Cosmo and Veo Astro

Today we are thrilled to announce that Veo has been selected by the City of New York as one of only three companies selected to launch dockless e-scooters in the largest city in America. This is a big step forward for Veo, but it also marks a historic milestone for the industry as a whole.

By Alex Keating, Director of Partnership and Public Policy, Veo

Veo standing and seated scooter option supports more riders

At the end of 2020, Veo was proud to submit our application to operate shared electric scooter service in the City of New York. Should we be selected to participate in the pilot, we will bring NYC a diverse fleet of purpose-built standing and seated e-scooters featuring industry-leading safety features such as integrated turn signals, as well as swappable batteries.

By Candice Xie, Co-Founder and CEO, Veo

A few weeks ago, the mobility world was buzzing about the big announcement by Lime CEO Wayne Ting that the company had reached some sort of profitability in the third quarter. Clearly, this announcement assumed that no other micromobility companies had already reached actual profitability because there hadn’t been a TED Talk about it.


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