bike-sharing
(2)
CLIP
CLIP is a Brooklyn-based clean mobility company that makes a portable, tool-free device that clips onto a regular bicycle's front fork and turns it into an e-bike in seconds. Founded in 2018 by Som Ray and Clement de Alcala, the friction-drive motor weighs under 10 pounds, fits in a backpack, and provides pedal assistance up to 15 mph - positioning itself as a far cheaper, lighter alternative to buying a full e-bike. The company sells to consumers starting at $499 and is pushing a lower-cost model, BOLT, aimed at bike-share fleets and emerging markets.
Veo
Veo is a Santa Monica-based shared micromobility company that designs, manufactures and operates electric scooters, e-bikes and cargo bikes for cities and university campuses across North America. Founded in 2017 by Purdue graduates Candice Xie and Edwin Tan, Veo built the industry's most diverse vehicle fleet through an in-house design team and became the first profitable shared micromobility operator in the U.S. Rather than chasing growth at any cost, Veo bet on deliberate expansion, exclusive city and campus contracts, and durable, purpose-built vehicles - a strategy that delivered unadjusted EBIT profitability in 2024 while many better-funded rivals retreated.