# 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.

- **Founded:** 2017
- **Headquarters:** Santa Monica, California, United States
- **Founders:** Candice Xie (Co-Founder & CEO), Edwin Tan (Co-Founder & President)
- **Team size:** ~250 employees
- **Products:** Veo App, Cosmo, Astro, Apollo Cargo E-Bike, Apollo (Dual-Passenger)
- **Notable:** First profitable shared micromobility company in the U.S. (2020), Achieved unadjusted EBIT profitability for fiscal year 2024 - a first for a North American operator, Built the industry's most diverse fleet, with seven-plus in-house-designed vehicles

## Products & services

- **Veo App** — Mobile app for locating, unlocking via QR code, riding and paying for shared vehicles, plus monthly memberships through VeoPlus.
- **Cosmo** — A custom seated e-scooter with large tires, a throttle and a low center of gravity, designed for riders of diverse ages and abilities and longer trips.
- **Astro** — Standing e-scooter with swappable batteries, introduced in 2019.
- **Apollo Cargo E-Bike** — North America's first dockless shared cargo e-bike, with throttle assist and front/rear baskets that haul up to 100 pounds without pedaling.
- **Apollo (Dual-Passenger)** — The micromobility industry's first dual-passenger vehicle, a Class II e-bike that seats two riders or adds cargo storage.
- **Trike** — A three-wheeled self-balancing scooter in development, debuting at scale first in Denver.
- **Fleet Management Platform** — Operations software and services for cities and campuses, including AI-enabled parking, helmet detection, real-time tip-over detection and curfew controls.

## Achievements

- First profitable shared micromobility company in the U.S. (2020)
- Achieved unadjusted EBIT profitability for fiscal year 2024 - a first for a North American operator
- Built the industry's most diverse fleet, with seven-plus in-house-designed vehicles
- Launched North America's first dockless shared cargo e-bike (Apollo, 2025)
- Introduced the micromobility industry's first dual-passenger vehicle
- Grew to $50M+ in revenue on just $16M of total funding
- Operates across 50+ cities and university campuses in North America

## Latest updates

- **2026-03** — City and University of Toledo launch the 2026 Veo e-scooter season after 253,000 trips in 2025.
- **2026-02** — Veo previews new scooters - including a three-wheeled trike - coming to Denver.
- **2025-12** — Denver ends contracts with Lime and Bird and moves to Veo for shared scooters and bikes.
- **2025-05** — Veo debuts the Apollo, North America's first dockless cargo e-bike, targeting a 50% cargo-capable fleet by 2030.
- **2025-01** — Veo reports unadjusted EBIT profitability for fiscal 2024.

## Links

- Website: https://www.veoride.com
- LinkedIn: http://www.linkedin.com/company/veomobility
- Twitter/X: https://twitter.com/VeoRideMobility
- YouTube: https://www.youtube.com/@veomobility
- Instagram: https://www.instagram.com/veomobility/
- Facebook: https://www.facebook.com/VeoMobility/

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Profile page: https://yespress.io/veo
Published by YesPress — https://yespress.io
Last updated: 2026-06-10