Draft:Veo (company)
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Veo, formerly known as Veoride, is an electric bicycle-sharing and electric scooter-sharing company. The company was founded in 2017 by Candice Xie and Edwin Tan, both of whom were graduates of Purdue University. The company was originally headquartered in West Lafayette, IN, but has since moved to headquarters in Santa Monica, CA and Chicago, IL. Veo currently operates at 31 cities and 10 universities.[1]
Equipment and Usage
[edit]Veo uses blue and black e-scooters and e-bicycles. Some of their e-bicycles models do not have pedals, instead relying solely on the internal motor and battery. Vehicles also come with front lights in white, rear lights in red, and side lights in blue.[1]
Veo vehicles are operated using Veo's iOS or Android apps, which allow users to find, unlock, lock, or reserve vehicles. These apps connect to corresponding vehicles by scanning the QR code imprinted on a given scooter.[2]
Veo claims that it is the first electric scooter with a swappable battery, meaning that unlike other electric scooter-sharing companies, Veo does not need to collect its scooters to be recharged and can instead simply replace the battery as needed.[3]
History
[edit]Veo was founded in 2017 by Candice Xie and Edwin Tan. Xie is an alumn of the Krannert School of Management and Edwin is an alumn of Purdue's school of mechanical engineering.[4] They began their company in October 2017 after a grant from Purdue Foundry. They started at their home campus, deploying 20 test bikes around Purdue campus used by friends as a beta test. They then launched publicly in October 2017, with 160 bikes around campus. Zagster, a similar bike-sharing company, already had bikes around campus since 2015, but these had to be returned to specific bike racks designated for their use. Veo's scooters, on the other hand, could be left at any bike rack on campus.[5]
But these bikes left Purdue by the Fall 2018 semester. Zagster had signed a new contract with Purdue which included an exclusivity clause, meaning that Veo had to remove all its bikes by August 1st, 2018. Veo, by contrast, had not signed a contract with Purdue at all. These bikes were then relocated to other campuses around the United States, such as the University of Kansas.[5][4]
Veo has since expanded its reach to 31 cities and 10 universities in 16 states.[1]
On May 17, 2023, Veo reappeared on Purdue campus with scooters and bicycles after being reselected to partner with Purdue. These scooters and bikes have since replaced Spin as the main rideshare option on campus.[6]
References
[edit]- ^ a b c Veo (2020). ""Veo.com"". Retrieved 2023-03-26.
- ^ Purdue News Service (2017-09-11). "Student startup to offer affordable bike-share program". Purdue Exponent. Purdue Exponent. Retrieved 2023-03-26.
- ^ "VeoRide to launch e-scooter with swappable battery in US". ItsInternational. ItsInternational. 2019-02-13. Retrieved 2023-03-26.
- ^ a b Dave Bangert (2018-06-23). "Bangert: Purdue-born bike share program loses its ride on campus". Journal & Courier. Journal & Courier. Retrieved 2023-03-26.
- ^ a b Creighton Suter (2018-05-20). "Winner, loser emerge in race for ridership". Purdue Exponent. Purdue Exponent. Retrieved 2023-03-26.
- ^ "New electric scooters to hit campus Friday". Purdue Exponent. Purdue Exponent. 2023-03-16. Retrieved 2023-03-26.
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