Veo Raises $16 Million in Series A

by Kay Aloha Villamor in June 21st, 2022

Veo a Chicago -based first profitable micromobility company, has announced that closed on a $16 million Series A funding.

The round was led by Autotech Ventures, with participation from UP. Partners, FJ Labs, and Interplay Ventures.

Veo will use the funds to expand its footprint of custom-designed, shared-use scooters and bikes to transform the way micromobility operates while raising the standard of sustainability for the industry.  

Company: VeoRide, Inc.

Raised: $16.0M

Round: Series A

Funding Month: June 2022

Lead Investors: Autotech Ventures

Additional Investors: UP. Partners, FJ Labs, and Interplay Ventures.

Company Website: https://www.veoride.com/

Software Category:  Helmet Detection Technology Using AI

About the Company: Founded in 2017 Veo is proudly based in Chicago and brings the next generation of mobility sharing to dozens of cities and universities through our dockless systems. We design and engineer our vehicles, hardware, and software systems to provide a greener, healthier mode of transportation. Our strides in innovation and sustainability make us unlike any others in the industry. Our wide variety of vehicles revolutionizes the way you connect to the world you care about.

Source: https://www.prnewswire.com/news-releases/veo-raises-16-million-in-funding-to-scale-across-the-us-paving-the-way-to-profitable-sustainable-micromobility-301332405.html



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