The round was 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 one of micromobility's fastest growing and most innovative companies. Veo partners with dozens of cities and universities nationwide with exclusive and semi-exclusive contracts in its mobility share programs and is adding additional municipalities and campuses every month. Veo's hands-on design and manufacturing process enables Veo to integrate safety, comfort, compliance, and reliability directly into the hardware, including its unique e-swappable-battery technology, turn signals, and underdeck light messaging to help keep sidewalks clear of fallen scooters. The Cosmo, for example, has a 2-3x higher utilization than typical scooters. For more information, please visit www.veoride.com.