Veo, the first profitable micromobility company, today announced the closing of a $16 million Series A funding round 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.
Headquartered in Chicago and founded in 2017, Veo is lead by two Convergence Design Lab Alumni, Candice Xie and Yanke Tan, and is one of micromobility’s fastest growing and most innovative companies.
You can read the full release here: 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