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Veemo logo — Veemo | Urban Transport Re-Imagined

Veemo

Veemo | Urban Transport Re-Imagined

Founded 2014 Canada Canada 3 employees Seed Total: $2.60M Mobile, Mobility +3

General Information

Company Name Veemo
Founded Year 2014
Location Canada Canada
Employees 3
Industries Mobile, Mobility, Real Estate +2
Funding Stage Seed
Social

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About Veemo

Veemo, a Canadian urban transport startup, has successfully reimagined its business strategy in late 2019, shifting its focus towards designing, manufacturing, and distributing a new generation of Veemo bikes and product accessories targeted at environmentally conscious consumers. The company's innovative lightweight, three-wheel, zero-emission vehicles boast a semi-enclosed design and stiff monocoque chassis, weighing in at less than 62 KG dry weight (w/out battery). They are equipped with a revolutionary belt drive system coupled with a continuously variable transmission, meeting various standards such as EN 15194 (European Union) and eBike regulations in Canada, the UK, United States, and other countries, qualifying them for bike lane eligibility and legal operation without insurance or a driver's license. This marked business shift has seen Veemo pivot towards B2B Vehicle Fleet Sales to major and minor shared vehicle operators, campuses, and communities, in conjunction with direct-to-consumer e-commerce sales, offering subtle variations of the model. Notably, the company secured a $2.60M Seed Round investment from VA Angels on 01 January 2018, evidencing investor confidence in its strategic realignment. As a startup operating in the Mobile industry, Veemo's forward-thinking approach towards sustainable urban transportation positions it as an intriguing investment prospect for venture capitalists seeking opportunities in the evolving mobility sector.

Business keywords: urban transportation, electric vehicles, climate change, sustainable transport, zero-emission vehicles, B2B sales, shared vehicle operators, e-commerce sales, vehicle fleet, environmentally friendly transportation

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round $2.60M 1
VA Angels
VA Angels
01 Jan 2018

Veemo Alternatives & Competitors

View All Alternatives
Veemo vs
Bird
Bird United States

On a mission to provide eco-friendly transportation for everyone. Safety and compliance first in 350...

Post-IPO Debt
953 employees
Mobile, Platforms
Veemo vs
YEGO
YEGO Spain

We offer ecological and shared mobility for greener cities 💚

Venture round
137 employees
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Veemo vs
BinBin
BinBin Turkey

Providing electric scooters for shared transportation solutions.

Seed
253 employees
Mobile, Platforms
Also compare with: Veemo vs MATE. MATE. View all alternatives

FAQ About Veemo

Veemo | Urban Transport Re-Imagined
Veemo was founded in 2014.
Veemo is headquartered in Canada.
Veemo operates in Mobile, Mobility, Real Estate, Sports and Transportation. Its work centres on urban transportation, electric vehicles, climate change and sustainable transport.
Veemo has approximately 3 employees.
Veemo has completed 1 funding round, raising a total of $2.60M. The latest funding stage is Seed.
Top alternatives and competitors to Veemo include Bird, YEGO, BinBin, MATE., Dott. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Veemo and Bird are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Veemo , https://bouncewatch.com/company/veemo, updated 11 November 2024. When citing, please name BounceWatch and link this page.

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