# Candice Xie

> Candice Xie is the co-founder and CEO of Veo, the micromobility company she started in 2017 from West Lafayette, Indiana, while still in her twenties. A finance analyst by training rather than a Silicon Valley engineer, she built Veo into the first North American shared-micromobility operator to reach unadjusted EBIT profitability - reaching roughly $52 million in revenue on about $16 million of total funding, while competitors raised billions and flamed out. Calling herself an 'anti-tech bro' CEO and the 'tortoise' of the scooter race, she designs vehicles in-house, expands one city at a time, and won the largest exclusive micromobility contract in the United States with Denver.

- **Role:** CEO & Co-Founder at Veo
- **Organizations:** Veo (VeoRide), Schneider Electric (former), Purdue Foundry (former)
- **From:** China
- **Nationality:** United States (immigrant, originally from China)
- **Education:** B.S. in Finance, Purdue University, Finance studies, China Agricultural University, MBA, University of Chicago (Booth)
- **Known for:** Built the first North American shared-micromobility operator to reach unadjusted EBIT profitability (2024), Grew Veo to roughly $52M in annual revenue on about $16M total funding, Generated $3.25 of revenue for every $1 invested

## Career timeline

- **2012** — Finance internship at MassMutual Financial Group, Hong Kong office
- **2015-2016** — Business consultant at Purdue Foundry, where she and Edwin Tan developed the dockless bike-share concept
- **2016-2017** — Finance development program associate at Schneider Electric (financial planning and analysis)
- **2017** — Co-founded Veo (then VeoRide) with Edwin Tan, leaving corporate finance
- **2018** — Deployed first dockless bike-share system, launched on Purdue University campus; introduced swappable battery system
- **2019** — Added electric scooters to the fleet
- **2020** — Reached profitability (EBITDA positive), ahead of larger rivals
- **2024** — Veo becomes first North American operator to achieve unadjusted EBIT profitability; ~$52M revenue, 20,000 average deployed vehicles
- **2024** — Won Denver's 5-year exclusive contract for 9,000 vehicles - the largest exclusive micromobility contract in the U.S.
- **2025** — Named to Mass Transit magazine's 40 Under 40

## Achievements

- Built the first North American shared-micromobility operator to reach unadjusted EBIT profitability (2024)
- Grew Veo to roughly $52M in annual revenue on about $16M total funding
- Generated $3.25 of revenue for every $1 invested
- Won 90% of city RFPs Veo competed for; expanded to 50+ markets
- Won Denver's 5-year exclusive 9,000-vehicle contract, the largest exclusive micromobility deal in the U.S.
- Only woman CEO among major e-scooter companies
- Named to Mass Transit magazine's 2025 40 Under 40
- Recognized in the Empower Women in Shared Mobility program (2021)

## Latest updates

- **2024-01** — Veo announced it became the first North American micromobility operator to achieve unadjusted EBIT profitability, with ~$52M revenue and 20,000 average deployed vehicles.
- **2024-01** — Veo won Denver's 5-year exclusive contract to deploy 9,000 vehicles, replacing Lime and Bird - the largest exclusive micromobility contract in the U.S.
- **2025-01** — Candice Xie named to Mass Transit magazine's 40 Under 40.

## Links

- Website: https://www.veoride.com
- LinkedIn: http://www.linkedin.com/in/candicexie
- Twitter/X: https://twitter.com/VeoRideMobility
- Facebook: https://www.facebook.com/VeoMobility/

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Profile page: https://yespress.io/candice-xie
Published by YesPress — https://yespress.io
Last updated: 2026-06-24